Four Irish companies secure €23m in EU accelerator funding

Ireland comes fifth in value of funding received by EU fund

Colm McGarvey CEO and co-founder Selio Medical; Fiona Mangan, design engineer, Loci Orthopaedics; Leo Clancy, CEO, Enterprise Ireland; Dr Catherine Caulfield, CEO and co-founder Ovagen; Stephen Cox, CEO and co-founder Invera Medical; Sean Burke, National Delegate and National Contact Point for EIC Programme

Four Irish companies have secured €23 million in funding from the European Innovation Council (EIC), an European Commission body established to support the commercialisation of high-risk, high-impact technologies.

The companies who are to receive the money are two Galway-based companies: InVera Medical, who create a non-thermal medical device to cure varicose veins and venous ulcers, and Loci Orthopaedics, who have developed an implant for the treatment of thumb base joint arthritis.

The Dublin-based Selio Medical, ...