Three University College Dublin (UCD) spin-out companies are among only 18 companies from across Ireland to have been shortlisted for the 2014 Irish Times InterTradeIreland Innovation Awards.

The three companies are APC Ltd, Equilume Ltd and Oxymem Ltd.

Now in its fifth year, the awards showcase excellence in innovation across a range of groundbreaking products and services from all sectors and company sizes across the island, North and South.

In recent years the overall winners have created innovations as diverse as drug delivery systems and state-of-the art network switching, to anti-allergy pillows and new technologies for cleaning and disinfection.

“I am delighted that three UCD spin-out companies, commercialising UCD research outputs, have been shortlisted for the 2014 Irish Times InterTradeIreland Innovation Awards,” said Prof Peter Clinch, UCD vice-president for innovation.

“One of UCD’s key innovation themes is to grow and support new hi-tech and innovative businesses which have global impact. The fact that three of the 18 shortlisted companies for these awards have emerged from UCD demonstrates the quality of our start-up companies all of whom have been supported through NovaUCD, our Centre for New Ventures and Entrepreneurs.”