A new programme to support entrepreneurs and deep tech start-ups has been launched by Tyndall National Institute. The Deep Dive programme offers access to seed funding and a portfolio of spin-out ready innovations, from radiation detectors used in the International Space Station to infrared sensors for autonomous vehicles and wearable rehabilitation devices.
Speaking at the launch of Deep Dive, Tyndall’s Entrepreneur-in-Residence, Declan O’Mahoney said, “Experienced Entrepreneurs and astute business professionals who are keen to join the next wave of high-value start-ups should get in touch to take a ‘deep dive’ with us into this exceptional business opportunity. Tyndall has an exciting portfolio of spin-out ready technologies which answer real market needs and has highly-defensible IP. We are also calling entrepreneurs who have identified a market opportunity that needs a deep-tech solution.”
Through Deep Dive, entrepreneurs will have access to initial funding, state-of-the-art facilities at Tyndall and expertise from the researchers involved in developing the core IP in the spin-out.
Tyndall has an incredible track record of successful high-value tech spin-outs which achieved global acclaim. Among the list of multi-million dollar tech companies are SensL which grew to become a global leader in medical imaging and automotive LiDAR and was acquired by ON Semiconductor. InfiniLED also spun-out to bring Tyndall’s state-of-the-art MicroLED technology to market, which was later acquired by Oculus, part of the Facebook group. Firecomms, based on Tyndall’s technology in the area of compound semiconductor materials and fiber optics was the first Irish high-tech company to be bought by a Chinese corporation, (ZJY Corp).
Deep Dive is part-funded by Bank of Ireland under its technology commercialisation programme with Tyndall National Institute.
“Deep Dive is an exciting part of Tyndall’s entrepreneurship agenda which, in partnership with University College Cork’s Technology Transfer Office, has delivered not only high-value start-ups, but also the infrastructure and talent for Tyndall spin-ins and SME scaling projects,” said Peter Smyth, Commercial Director, Tyndall National Institute.