Innovation Consortium beats targets with 18 commercial licenses & 6 start-ups

The Dublin Region Innovation Consortium (DRIC) has beaten its targets for commercialisation of research developed within DIT, IT Tallaght, IT Blanchardstown, IADT and National College of Ireland in 2013.  The consortium was established to maximise the impact of research in the member institutions and last year completed a total of 18 licenses of new technologies and has launched 6 start-up companies.  This record represents excellent value per million of research funding invested by the state, with four times more commercial licences and four times the number of spin-out companies compared to higher education institutions generally in Ireland and internationally. 



Above (L-R): Dominic Mullan, IADT, Jack McDonnell, IT Tallaght, Tom Flanagan, DIT Hothouse, Assumpta Harvey, IT Blanchardstown, Bertie Kelly, National College of Ireland met in DIT Hothouse to discuss their research commercialisation plans for 2014.

DRIC Key achievements for 2013 include:

The results achieved by DRIC surpassed 2013 commercialisation targets set by Enterprise Ireland by a considerable margin, including:

Commercial Licenses:

  • Target: 12
  • Achieved: 18 new technologies licensed to 15 Irish companies

Spin-Out Campus Companies:

  • Target: 3
  • Achieved: 6, including launch of first ever spin-outs from research at both IT Blanchardstown and IADT;  and DIT launched four new spin-out companies


  • Target: 35
  • Achieved: 78 new research inventions were discovered

DIT Hothouse and its DRIC partners are determined to once again exceed their target objectives in 2014.

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