€20.6million support for start up businesses in Maynooth University


A €20.6million building opened today at Maynooth University to support new start-ups.  According to Maynooth University President, Professor Philip Nolan, the facility will serve as a “research powerhouse” that will drive innovative teaching methods, foster collaboration with industry and deepen a culture of ‘spin-out’ companies.

The new building, Eolas, houses two of the University’s world-renowned research institutes, the Hamilton Institute and the Innovation Value Institute (IVI); the Maynooth University Departments of Computer Science and Electronic Engineering; MaynoothWorks, the University’s new business incubator; and the University’s own IT Services.

Three recent Maynooth University spin-outs alone have raised more than €20 million in investment and created 50 jobs. MaynoothWorks already has five client companies, including Verifly, the latest venture from Hailo co-founder Jay Bregman which provides web and mobile applications for recreational drone users; Accuplex Diagnostics, an early stage diagnostics company which is already selling product internationally aimed at treating both human and equine conditions and Avectas, which develops technology in pursuit of in-vivo diagnostic and therapeutic applications with a current focus on oncology.


More News

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.