Home Uncategorized New € 4.7m hub to ‘unlock potential’ in Ireland’s digital health sector

New € 4.7m hub to ‘unlock potential’ in Ireland’s digital health sector

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The DkIT hub aims to encourage collaboration between researchers, innovators and entrepreneurs, and create a cluster of digital health businesses.

A new hub of innovation aims to help Ireland become a major player in the field of digital health.

The € 4.7m dConnect digital health and innovation hub at the Dundalk Institute of Technology (DkIT) will provide a range of supports for start-ups and SMEs. This includes mentorship, networking, regulatory or technical consulting, and commercialization of research.

It will have a focus on developing the grassroots tech sector and also plans to work with larger businesses and investors to provide access to innovation and partnership opportunities.

‘Ireland is perfectly positioned to be a major player in the new era of digitalized healthcare’
– ANGELA DUFFY

“DkIT has a long -standing reputation for leadership in healthcare, digital health and controlled software, and we look forward to building on these capabilities through the development of dConnect,” said Dr. Michael Mulvey, president of DkIT .

“Working with industry and Government partners, dConnect has an opportunity to develop and grow a world -leading cluster of digital health businesses that can generate significant economic and social benefits for our region and more.”

The dConnect team includes four professionals with expertise in digital health, early -stage investing, software development and entrepreneurship. The hub is led by Angela Duffy, director of programs and business development, formerly a leading venture investment in NDRC.

“Ireland has a strong track record in medtech, life science and pharma and with a large presence of tech giants here it is perfectly positioned to be a major player in the new era of digitalized healthcare,” Duffy said.

“DConnect will use this expertise by driving collaboration with researchers, innovators, entrepreneurs and corporations to deliver innovation that unlocks potential not yet contained in the sector.”

The hub is supported by € 3.7m in funding from the Enterprise Ireland Regional Enterprise Development Fund. Additional funding was secured from DkIT, Louth County Council, sports-tech company StatSports and other partners.

StatSports CEO Seán O’Connor has grown his GPS player tracking business from DkIT’s Regional Development Center. He said the dConnect initiative could provide the kind of engagement and support that is essential for a growing business.

“[It] is about bringing the best minds, ideas, concepts and technology into one place, ”O’Connor added.“ We see it as the perfect blend of research, collaboration and commercial drive needed to have a positive impact on health of digital in both Ireland and beyond. ”

Another industry initiative was launched at DkIT earlier this year – this one that aims to help businesses in the region explore renewable energy and other technologies.

With funding from Enterprise Ireland, the CREDIT Technology Gateway is focused on energy efficiency and optimization and will look at how companies can make products and manufacturing operations as efficient as possible.

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