LaNua Medical wins Big Ideas Award at Enterprise Ireland’s Start-Up Day 2024.
Medtech start-up LaNua will represent Ireland at the Pegasus Start-up World Cup in San Francisco later this year after being presented with the Big Ideas Award at the Enterprise Ireland Start-up Day 2024.
LaNua Medical was one of 10 investor-ready potential spin-outs that had three minutes to pitch their new technology solutions to a 600 strong audience made up of representatives from the Irish Start-up ecosystem including VCs and other funders, State support agencies and professional and financial services.
“Enterprise Ireland’s Start-Up Day offers an exciting snapshot of the future, showcasing investor-ready start-ups with disruptive technologies that will change our world for the better, as well as providing opportunities for keen investors”
The award was presented to Dr Cormac Farrelly, for the outstanding pitch of the day.
World leading innovations
LaNua Medical which is an Enterprise Ireland commercialisation funded project approaching spin-out, is developing solutions for problems in embolization, a minimally-invasive procedure that can be used to treat internal bleeding or cause tumour-necrosis.
Its GateKeeper device blocks blood flow to select tissue, while enabling targeted therapeutic delivery with reduced risk of side effects.
Cristina Purtill of Plio Surgical received the Big Ideas runner-up award on the day and will also travel to San Francisco to attend the Start-Up World Cup.
“I would like to congratulate LaNua Medical, a worthy winner of today’s Big ideas award and I have no doubt will go on to make Ireland proud at the International Start-Up World Cup in the US,” said Minister for Enterprise, Trade and Employment Peter Burke, TD.
“Enterprise Ireland’s Start-Up Day offers an exciting snapshot of the future, showcasing investor-ready start-ups with disruptive technologies that will change our world for the better, as well as providing opportunities for keen investors.”
Start-Up Day 2024 hosted the ‘Class of 2023’ High Potential Start-Up companies that Enterprise Ireland invested in during 2023. The event also played host to technology-based companies with origins deep rooted in ground breaking research. In 2023, 24 companies were spun out of third level institutions, 16 of which were supported through the Enterprise Ireland Commercialisation Fund Programme.
“The Big Ideas pitching element and awards at Start-Up Day provides a platform to showcase Enterprise Ireland’s commercialisation funded research approaching start-up status, with significant potential for success,” said Leo Clancy, CEO of Enterprise Ireland.
“The event also highlights the accomplishments of our national technology transfer system, the high calibre of research commercialisation activity within Ireland, and the significant impact these companies will have to help solve huge global challenges. I wish to congratulate LaNua Medical on their achievements to date and wish them every success at the Start-Up World Cup and beyond.”
Main image at top: Dr Cormac Farrrelly, Chief Medical Officer, LaNua Medical is presented with the Enterprise Ireland Big Idea’s award by Minister for Enterprise, Trade and Employment Peter Burke, TD
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