A new health technology start-up company, Kinesis Health Technologies Ltd, has won the inaugural University College Dublin (UCD) VentureLaunch Accelerator Award and the €25,000 prize. They were not the expected winner.
What did this company do in order to win this new award? Kinesis Health Technologies has developed QTUG (Quantitative Timed Up and Go), a novel, patent-protected falls risk and mobility assessment technology. With the rising number of falls with adults over 50, KHT came up with a solution which can be used by a broad range of healthcare professionals to facilitate objective assessments of falls risk in older adults.
By using QTUG, healthcare professionals can potentially improve healthcare utilisation, reduce healthcare costs and improve the quality of life of those at risk.
Kinesis Health Technologies plans to launch QTUG into the European (Ireland and the UK) and Northern American (US and Canada) markets in mid-2014 and plans to be employing 15 people by end 2016.
The founders of Kinesis Health Technologies Ltd are Seamus Small, Dr Barry Greene, UCD School of Public Health, Physiotherapy and Population Science and Bill Bollengier who is based in the US. Kinesis is a spin-out company that has emerged from internationally peer-reviewed research carried out over the last six years in the TRIL (Technology Research for Independent Living) Centre at UCD.
“Innovation is the third pillar of UCD’s core mission and two of UCD’s key innovation themes are putting knowledge to work and growing and supporting new business,” said Prof Peter Clinch, UCD vice-president for innovation.
“Through the new UCD VentureLaunch Accelerator Programme, held over the last three months at NovaUCD, we are supporting researchers to accelerate this process by establishing new ventures which will translate innovative research ideas into companies providing value-added products, services and jobs.”
“Kinesis Health Technologies is an excellent example of a UCD spin-out company, which has been established to address a major worldwide problem, in this case in the health industry, and which has significant global potential and global customers. I congratulate the members of the Kinesis team for winning the 2013 UCD VentureLaunch Accelerator Award and wish them every commercial success for the future.”