EY partners with BioInnovate Ireland

EY has this week announced a new partnership with BioInnovate Ireland, a medical device innovation training programme based in NUI Galway and modelled on the Stanford Biodesign programme.

The programme facilitates and trains multidisciplinary teams of experienced professionals in the process of matching unmet clinical needs to attractive market opportunities.

The partnership will involve EY offering professional expertise to the early stage enterprises by delivering workshops on fundraising, taxation, valuation and business modelling.  EY will also provide access to its entrepreneurial network through the EY Entrepreneur Of The Year programme to enable BioInnovate fellows to share their experiences and discuss solutions to the challenges facing entrepreneurial businesses in the medical technology sector.

EY said the partnership comes as it continues to broaden its support of the indigenous life sciences sector and foster the next generation of digital health entrepreneurs.

commented: “Technological breakthroughs are revolutionising the way healthcare is being delivered and, as the health marketplace rapidly changes and evolves to meet new demands, we are excited to partner with BioInnovate to support the next wave of entrepreneurs on the cutting edge of medical device innovation,” said EY partner and life sciences sector lead, Aidan Meagher.

“BioInnovate offers a unique opportunity for innovators to work together in teams to identify and develop new innovations to make an impact on healthcare and the medical device industry,” said BioInnovate Ireland programme director, Dr Mark Bruzzi. “By partnering with EY, BioInnovate aims to build on the supports to enable early stage enterprise in the medical technology sector”.

BioInnovate Ireland is currently recruiting applicants to the 2016 medical device innovation collaboration with the Mayo Clinic. info@bioinnovate.ie. Applications are being sought from candidates with experience in medicine, engineering, technology and business that are interested in the medical technology sector.  

The BioInnovate programme is led by NUI Galway and collaborates with University College Cork, and other hospitals and universities across the country.   In addition to EY, programme support comes from Enterprise Ireland, Irish Medical Devices Association (IMDA), Boston Scientific, Medtronic, Creganna Tactx Medical, Steripack, Aerogen and Zeus.

Grainne Rothery