University Bridge Fund

University Bridge Fund takes home award for Best New Initiative at the KTI Awards 2017

A great result for Atlantic Bridge, our partners and portfolio companies at last night’s KTI Awards.  KTI New Initiative of the Year was awarded to Trinity and UCD for the Atlantic Bridge  University Fund along with Atlantic Bridge’s  portfolio company Kastus Technologies taking home the prize of Spin Out Company of the Year.

Knowledge Transfer Ireland (KTI) hosted its annual awards ceremony last week March 30th at the Royal Hospital in Kilmainham, aimed at showcasing the success in knowledge transfer carried out in Irish Higher Education Institutes and publicly funded research organisations for the wider benefit of the economy and society.

The KTI Awards recognises the significant impact that commercially valuable knowledge from Irish universities and research centres have on Irish industry. It was a tough task for the international judging panel which included Mark Gantly, Managing Director at HP Enterprise, David Owen, Chair of life Sciences Bridging Fund, Wales and Laura MacDonald, General Manager, ASTP Proton, Knowledge Transfer Europe. 

Knowledge Transfer Initiative of the Year

The Knowledge Transfer Initiative of the Year award recognises a commitment to the continuous development within the TTO. The University Bridge Fund was nominated in this category and Atlantic Bridge were thrilled that UCD and Trinity received this award for their tremendous vision and leadership in their unique partnership that has led to the creation of the University Bridge Fund which was launched in June 2016 following a three year development phase. The Fund enables early investments in science based companies, and both Universities are partners in the Fund alongside Enterprise Ireland, AIB, Bank of Ireland and the European Investment Fund. UCD and TCD have shown.

In partnership with Atlantic Bridge this €60m Investment Fund is set to make a transformative impact by investing in early stage companies with global potential that are built from world class Irish research. The aim is to create high potential start-ups and support scaling and internationalisation. 

Atlantic Bridge’s portfolio company Kastus Technologies was awarded spin-out of the year

Kastus Technologies is a spin out company from DIT which was awarded Best Spin Out Company at the KTI awards ceremony. The creation of Kastus Technologies was the culmination of 12 years’ research at DIT CREST, an Enterprise Ireland gateway. Kastus’ novel and patented technology can be used to protect a range of everyday surfaces against deadly bacteria, including MRSA and E.coli on smartphones, computer screens, mobile devices and other paint, plastic, ceramic and glass surfaces.  The Atlantic Bridge University Fund led a €1.5m round in 2016. The company strongly represents the commercial strength of world-class academic research undertaken in Ireland and the funding ensures Kastus will continue to be well-capitalised as it scales internationally and will be used to grow the company’s customer base. We want to take this opportunity to congratulate Kastus Technologies on this magnificent achievement and we would also like to extend our congratulations to all of the other very worth winners at last night’s awards ceremony.

Atlantic Bridge continues to make a significant impact on the commercialisation of Irish research by investing in disruptive technologies emerging from third level institutions nationally.  The KTI Initiative of the Year Award brings deserved recognition to all the partners of the University Bridge Fund who have collaborated to bring the largest technology transfer Fund of scale to the Ireland market.  We are already looking forward to the KTI Awards 2018 and to supporting future nominees.