Minister Bruton declares “DIT Hothouse are top of the class” for High Performance Start-ups and Spin-out companies

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Julie Sinnamon, CEO Enterprise Ireland, Julie O’Rourke, Rempad, Minister for Jobs, Enterprise and Innovation Mr. Richard Bruton TD , Yvonne Brady from EVB Sports Shorts Ltd and Martina Shelly, Yellow Schedule.

On Wednesday, 19th February, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD and Julie Sinnamon, CEO, Enterprise Ireland hosted The Start-Up Class of 2013 Investor & Networking morning at the Print Works, Dublin Castle.

This was the largest High Potential Start-up (HPSU) event in the calendar year and recognised the 103 new High Potential companies that received Enterprise Ireland Assistance during 2013. The event was also an opportunity to commend the 85 Competitive Start Fund Companies and each of the 12 New Frontiers Programmes supported by Enterprise Ireland. Mark Davis, graduate of the 2012 Hothouse New Frontiers programme and CEO of DIT Spin-out, OptiWi-Fi was also in attendance.

In discussing the creation of spin-out companies and the development of HPSUs, Minister Bruton commented that “DIT Hothouse are top of the class”, acknowledging the commercialisation achievements of both the DIT Hothouse technology transfer office and its incubation centre.

In 2013, DIT Hothouse helped launched six new spin-out companies across its research and innovation consortium consisting of DIT, IT Tallaght, IT Blanchardstown, IADT and National College of Ireland. This figure represents four times the average number of spin-outs created by higher education institutions in Ireland and internationally, per million euro of research funding. Click here to learn more about DIT Hothouse’s commercialisation results for 2013.

Through its Enterprise Ireland funded Incubation Programmes, DIT Hothouse has helped create nearly 200 sustainable businesses that have attracted €115 million in Equity investment and created 1,300 quality jobs. Click here to learn more about the DIT Hothouse Start-Up incubation centre.

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Pictured at The Start-up Class of 2013, the largest High Potential Start-up (HPSU) event in the calendar year, are representatives of the cream of the export focussed start-ups in Ireland which received Enterprise Ireland support during 2013. Mark Davis, graduate of the 2012 Hothouse New Frontiers programme and CEO of DIT Spin-out, OptiWi-Fi was also in attendance.

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