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NUI Galway Start-up Selected to Participate in New Global Pre-accelerator Programme
NUI Galway start-up NUA Surgical has been selected to take part in the inaugural LaunchPad Lift Powered by Techstars programme. LaunchPad Lift identifies top-performing university start-ups from across the LaunchPad global network of 20 universities, and pairs them with resources and opportunities to help their ventures succeed.
LaunchPad Lift will help bridge the gap between the programming available on each University campus and the next big steps ventures need for their companies and is part of a suite of entrepreneurial programmes offered at NUI Galway. Whether the ventures are planning to apply to an accelerator program, raise capital, or make their first hire, LaunchPad Lift takes ventures through a personalised 10-week experience with an assigned Techstars mentor to help them succeed.
NUA Surgical is the only Irish start-up and one of only seven ventures selected through a highly competitive process. As part of the LaunchPad Lift programme, NUA Surgical will receive a $10,000 prize from the Blackstone Charitable Foundation to support strategic efforts that grow and scale their ventures. The seven selected ventures for the 2019 cohort were chosen from across the LaunchPad global network, representing seven schools in four states and two countries. Additionally, over 50% of the start-ups in the 2019 LaunchPad Lift cohort have diverse founding teams.
NUA Surgical are developing Stericision, a novel medical device in obstetrics to make caesarean delivery a safer and more superior surgery. The project has received significant support and funding from Enterprise Ireland through the Commercialisation Fund which will assist the team in taking the unmet need from idea through to concept and design development, in preparation for establishing a new MedTech start-up company.
NUA Surgical’s founding story began when Barry McCann pursued an unmet clinical need identified during the clinical immersion stage of BioInnovate Ireland where Barry was completing a Fellowship in 2017/2018. Now joined by technical lead Padraig Maher and design control lead Marie Therese Maher, the team have over 50 years combined industry experience, bringing a wealth of knowledge to the project which is based in NUI Galway.
Natalie Walsh, Executive Director of LaunchPad NUI Galway, said: “For NUI Galway to be chosen as one of only seven sites to take part in the LaunchPad Lift programme, it further endorses our campus commitment to positive impact in the areas of innovation and entrepreneurship. It has been fantastic to work with Barry and his team, the Bioinnovate programme and our broader ecosystem to support entrepreneurship and enhance NUI Galway’s position as a catalyst for innovation regionally, nationally and globally.”
David Cohen, Co-CEO of Techstars, added: “Blackstone LaunchPad powered by Techstars offers campus start-ups valuable on-campus support during a critical time in their entrepreneurial journey. LaunchPad Lift will take this a step further – dedicating additional targeted support to a cohort of the most promising ventures. Techstars wants to be a worldwide network that helps entrepreneurs succeed from inspiration to IPO and we recognise the importance of early guidance.”
Amy Stursberg, Executive Director of the Blackstone Charitable Foundation, commented: “I am inspired by the diversity and potential of these entrepreneurs. LaunchPad Lift, leveraging the expertise of Techstars and Blackstone, will provide an additional boost in their development as entrepreneurs. Over the past decade of helping the next generation of entrepreneurs launch and grow businesses, we know that mentorship and targeted support is crucial at this stage of venture growth. Through LaunchPad Lift, we will be able to supercharge campus ventures in a measurable way. ”
LaunchPad Lift will run for 10 weeks, from January 28 through April 1, 2019. Upon completion of the program, each participating venture joins the Blackstone Charitable Foundation and Techstars team at a closing event in New York City.
The programme at NUI Galway is funded by NUI Galway, Galway University Foundation and Blackstone Charitable Foundation.