€6.8 million in funding has been awarded to a medtech research and development project led by two Galway companies.
Ministers Simon Coveney and Simon Harris announced the funding for Solascope project under Call 6 of the Disruptive Technologies Innovation Fund (DTIF).
This will be the world’s first sterile, sustainable, panoramic endoscope, a flexible camera used for seeing inside the human body.
The project is led by Tympany Medical, a medtech SME based in the ATU iHub in Galway City, collaborating with Invermed Medical, a medical devices manufacturer based in Inverin.
The consortium also includes the Royal College of Surgeons in Ireland and the National College of Art and Design in Dublin.
Leo Clancy, CEO of Enterprise Ireland said, “Tympany Medical has achieved remarkable progress with its Solascope project. This innovation improves the functionality of endoscope procedures and also reduces the time traditionally associated with this procedure.”
“The next stage of the project, which will be backed with more than €6 million in DTIF funding, will allow Tympany Medical, and its partners Invermed Teoranta, RCSI and NCAD, to commercially launch the Solascope as a groundbreaking, sustainable medical device.”
“This is another great example of how DTIF funding can support Irish innovation to create remarkable solutions for global problems, creating high-quality jobs in Ireland.”
Minister Simon Harris added, “This project brings research and business closer together. The relationship we continue to foster between these two has huge benefits for innovation, industry, job creation, skills development and society.”
“This project alongside the other successful DTIF projects is making an important contribution in positioning Ireland as a leader in research and innovation ensuring that our economy remains resilient and adaptive to the modern technological era.”
“Ireland’s continued growth in research and innovation is driven by our excellent research-performing organisations.”
“Through extensive learning opportunities, these organisations are playing a pivotal role in producing graduates with the skills and capabilities to create and deliver disruptive technologies to our citizens.”
This funding means that, to date, €371 million has been awarded to 104 projects across six DTIF Calls.
