DIT Hothouse wins two prestigious KTI AwardsPosted: 31 March, 2017
DIT Hothouse won the Spin-out Company Impact Award for Kastus Technologies and Dr Paul Maguire from DIT Hothouse won the Knowledge Transfer Achiever of the Year Award last night at the KTI Awards ceremony held at the Royal Kilmainham Hospital.
Brendan Duffy, Centre Manager, DIT CREST; Tom Flanagan, Centre Director, DIT Hothouse; Minister of State for Training and Skills, John Halligan; Dr. James Kennedy, Director of Innovation and Operations, KASTUS; Senior Innovation Portfolio Manager, Dr. Paul Maguire
The Spin-out Company Impact award win, which was voted on by an international panel of industry experts, comes just three months after DIT Hothouse spin-out company Kastus Technologies secured €1.5 million in an investment round led by the Atlantic Bridge University Fund. Kastus Technologies has also launched two new revolutionary superbug-killing products, Log4+ and Kastus Metal, at the Arab Health event held in Dubai at the start of the year.
Reflecting on the awards, Tom Flanagan, Centre Director, DIT Hothouse, said: “Kastus Technologies is a great example of a High Potential Start-Up with global ambitions coming out of research at DIT CREST. We look forward to seeing Kastus Technologies achieve its ambitions saving lives around the world by killing off superbugs on surfaces everywhere. We have a range of other inventions and technologies from computer science to material science that are ready to go and just need someone with the entrepreneurial flair of John Browne, CEO Kastus Technologies to take them to market. It is entrepreneurial talent that makes the real difference."
Minister of State for Training and Skills, John Halligan & Senior Innovation Portfolio Manager, Dr Paul Maguire
Flanagan went on to say: "The support that the Knowledge Transfer Office can provide in connecting the right entrepreneur or business partner with the right invention and access to finance is also key. Dr Paul Maguire our Senior Licensing Executive has done this better than most. He has completed more high value deals than any other Licensing Executive in Ireland. We are very proud of his achievements and delighted that he was awarded the Knowledge Transfer Achiever of the Year 2017. It is well deserved.”
Dr Paul Maguire has played a pivotal role in the success of DIT achieving one of its core strategic goals to “Build research & innovation capacity in targeted fields, creating useful knowledge, and addressing real challenges in new and innovative ways.” Paul’s work on developing new start-ups and the ongoing support he provides them has allowed these spin-outs to thrive making DIT one of the best places in Ireland to spin out a High Potential Start-Up company.