NUI Galway companies garner $40m in 2018

Jan 9, 2019 • Callum Cyrus

NUI Galway-linked businesses to have secured backing last year include kidney reflux test spinout Kite Medical and medical implant developer Loci Orthopaedics.

Businesses associated with National University of Ireland (NUI) Galway managed to generate a total of €35m ($40m) of equity and grant funding during 2018, Engineers Journal has reported.
Spinouts that secured equity funding last year included paediatric kidney reflux test developer Kite Medical, which obtained $1.9m of seed capital in April 2018 from enterprise support agency Enterprise Ireland and unnamed additional investors.
Based on a partnership between NUI Galway and KU Leuven, thumb joint implant manufacturer Loci Orthopaedics…

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