Concern over lack of oversight involving sale of spin-out company

Posted in Governance and administration, Legal issues on November 14th, 2018 by steve

Ireland“Waterford Institute of Technology (WIT) retained less than €1 million from the €65 million sale of a spin-out company developed on its campus, according to a special report by the Comptroller and Auditor General (C&AG). The report also raises concerns over the WIT’s governing body’s lack of oversight of the sale, including issues such as changes to the institute’s equity stake and conflicts of interest involving senior staff members …” (more)

[Carl O’Brien, Irish Times, 13 November]

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Facebook deal lands €565k for UCC staff

Posted in Research on March 16th, 2018 by steve

“More than 160 University College Cork employees earned average payouts of €3,400 for contributions to a campus tech firm that sold to a Facebook subsidiary. The value of the 2016 purchase of spinout company InfiniLED by virtual technology company Oculus has also emerged as being well over €20m. UCC records show it got an initial payment of €1.659m for its 12.6% share in InfiniLED, which developed low-energy LED lighting at the university’s Tyndall National Institute research centre …” (more)

[Niall Murray, Irish Examiner, 16 March]

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Reviews finds weaknesses in safeguards over sale of college spinout firms

Posted in Research on February 9th, 2018 by steve

Ireland“An independent review into the sale of intellectual property by third-level colleges has found weaknesses in the way conflicts of interest among research staff are managed in the sale of lucrative spinout companies. The review was prompted by concerns raised at the Dáil’s Public Accounts Committee last year over potential conflicts of interest in this sector, particularly where research staff are also shareholders in companies that end up being sold for large sums of money …” (more)

[Carl O’Brien, Irish Times, 9 February]

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WIT President says procedures were adhered to when it came to the sale of IT company FeedHenry

Posted in Governance and administration, Legal issues on April 7th, 2017 by steve

Ireland“The President of Waterford Institute of Techonology has insisted that procedures surrounding conflicts of interest were adhered to when it came to the sale of the IT spin out company FeedHenry …” (more)

[WLR FM, 6 April]

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Sale of ‘spinout’ company raises concerns over confict of interest

Posted in Governance and administration, Legal issues on March 30th, 2017 by steve

Ireland“The Higher Education Authority (HEA) has been urged to investigate whether there are conflicts of interest among senior staff across third-level colleges who are shareholders in spinout companies. It follows concerns raised by Sinn Féin deputy David Cullinane at the Dáil’s Public Accounts Committee on Wednesday surrounding the sale of a company co-located at Waterford Institute of Technology (WIT) …” (more)

[Carl O’Brien, Irish Times, 29 March]

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WIT to review arrangements relating to spin-off research firms

Posted in Governance and administration on March 24th, 2017 by steve

Ireland“A review is being undertaken by Waterford Institute of Technology (WIT) into arrangements relating to spin-off research companies based there. The situation was outlined at the Dáil Public Accounts Committee, which heard that the Department of Education expects to hear shortly about the findings …” (more)

[Niall Murray, Irish Examiner, 24 March]

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UCD crop-spraying tech spinout forecasts sales of €20m next year

Posted in Research on December 18th, 2016 by steve

Ireland“A UCD spinout co-founded by two Dublin brothers is forecasting sales of €20m next year. MagGrow was founded by serviced apartment firm entrepreneurs Gary and David Wickham, who have developed a promising crop-spraying technology …” (more)

[John Reynolds, Independent, 18 December]

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A UCD spin-out company is creating 100 high-skilled pharma jobs in Dublin

Posted in Research on February 15th, 2016 by steve

Ireland“Irish Pharmaceutical firm APC Ltd is set to nearly triple its workforce over the next two years after opening a new research facility in Dublin …” (more)

[BusinessETC, 15 February]

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UL launches ambitious ‘roadmap to 2020’ strategy

Posted in Governance and administration on January 12th, 2016 by steve

Ireland“The University of Limerick has outlined its ambitions to increase their number of spin-out companies by 25% over the next five years …” (more)

[Anne Sheridan, Limerick Leader, 12 January]

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Campus brain banks’ global spin-off

Posted in Research on November 15th, 2015 by steve

Ireland“Ireland’s campus incubation centres house our brightest and best, who are all working on the Next Big Thing in science, tech and engineering. Simon Rowe investigates what they do and profiles the top 10 spin-outs set to conquer the world …” (more)

[Simon Rowe, Independent, 15 November]

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UCD spinout company bought for almost €60m

Posted in Research on October 14th, 2015 by steve

Ireland“University College Dublin spinout company Logentries has been bought by US based security data and analytics software firm Rapid7 in a deal worth almost €60 million …” (more)

[RTÉ News, 13 October]

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University of Limerick spin-out acquired for $70 million cash

Posted in Research on July 23rd, 2015 by steve

Ireland“Irish founded semiconductor company Powervation has been acquired by Japanese electronics firm ROHM for approximately $70 million. The University of Limerick spin-out was purchased in an all-cash transaction …” (more)

[Pamela Newenham, Irish Times, 23 July]

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Deal-hungry Google snaps up TCD-based virtual reality startup

Posted in Research on May 2nd, 2015 by steve

Ireland“Google has swooped in to buy an Irish virtual reality startup company, whose technology is to be incorporated into headsets and other futuristic devices …” (more)

[Adrian Weckler, Independent, 2 May]

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The micro-institutional dynamics of entrepreneurship in the university

Posted in Research on November 27th, 2014 by steve

IrelandAbstract: This study explores how micro-institutional dynamics shape the entrepreneurial propensity of academics in the university context. The study was motivated by the need for greater understanding of the micro-foundations of the entrepreneurial university, and the potentially significant role of micro-level dynamics in the emergence and proliferation of entrepreneurial behaviour in academia … (more)

[NUI Galway Theses (Phd Theses), October 2014]

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French co-op InVivo buys 50% stake in UCD spin-out

Posted in Research on November 15th, 2014 by steve

Ireland“One of Europe’s largest agricultural co-ops, the French-based InVivo, has acquired a 50% stake in a UCD spin-out company for an undisclosed sum …” (more)

[Geoff Percival, Irish Examiner, 15 November]

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These maps show Ireland’s third level spin-off companies – but what do they tell us?

Posted in Research on September 28th, 2014 by steve

Ireland“Spin-out companies, which are formed in the academic world and transition to the business world, are a hot topic at the moment. But just how good at spinning out companies are our universities? And what makes all the difference when it comes to the success or failure? …” (more)

[Business ETC, 27 September]

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Tyndall and TSSG targeting €82m in funding and 10 spin outs with internet of things partnership

Posted in Research on September 18th, 2014 by steve

“Tyndall National Institute and Waterford Institute of Technology’s Telecommunications Software & Systems Group (TSSG) have signed a memorandum of understanding (MoU) that will seek to draw down €82m of funding available through the EU’s Horizon 2020 programme and create 10 spin outs …” (more)

[Grainne Rothery, Business and Leadership, 18 September]

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The Geographical Proximity Choice of University Spinouts in Ireland (Part 2)

Posted in Research on May 4th, 2014 by steve

“Table 1 below shows the locational characteristics of USOs for the 11 Irish HEIs (Appendix I breaks down into more details). If all institutions are taken into consideration, the average distance between a USO and its parent university in Ireland is 31.27 Km (about 19.43 Miles) …” (more)

[Research on Higher Education in Ireland, 3 May]

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The Geographical Proximity Choice of University Spinouts in Ireland (Part 1)

Posted in Research on May 3rd, 2014 by steve

“The implicit assumption of theories of agglomeration from evolutionary economics is that spinout firms tend to take root near their parent, similar to apples falling close to the tree …” (more)

[Research on Higher Education in Ireland, 2 May]

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Irish tech startups may create 1,850 jobs in 3 years; Zero past evidence presented

Posted in Research on February 19th, 2014 by steve

“Irish tech startups may create 1,850 jobs in the coming 3 years according to the Government today. That aspiration may turn into a reality but today in the Irish system of official spin, there is zero evidence presented of performance related to past targets …” (more)

[Michael Hennigan, Finfacts, 19 February]

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