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NUI Galway client company, Channel Mechanics, developer of the first cloud-based channel enablement SaaS (software as a service solution ), channelIT, just announced a $2.3 million round of angel funding. The funds will be used to expand channelIT to U.S. customers and increase Channel Mechanics’ presence there as well. Angel funding has come from principal investors Enterprise Ireland, Konstantin Sidorov from RRC Business Telecommunications Ltd., and Karl Flannery from Knowledge Transfer Ireland and long-time ICT industry executive.

Orbsen TherapeuticsNUIG spin-out company Orbsen Therapeutics produces stem cells that are more highly purified and more effective than those prepared using competing technology. The company has been helped as it develops by the team in the technology transfer office (TTO) at the university. The Ignite West TTO provided numerous early stage business supports from exploration of the broad technology concepts to accessing crucial business networks and providing incubation space. Ignite West TTO also linked the company with the best in field in terms of intellectual property and patenting supports, which was key to securing strong protection of the company’s proprietary technologies. This has enabled Orbsen to develop a lean and cost-effective start-up business model.

Click here to read the full article on http://www.knowledgetransferireland.com.

EU Research and Innovation Commission Carlos MoedasListen to audio of Dr Friel here mp3 - 286 KB [286 KB]
Dr. Ruairi Friel CEO of Westway Health/Slainte Beoga Teoranta (Galway) said "The lack of effectiveness of antibiotics and the growing rise of bacteria resistant to antibiotics, such as MRSA, is a major concern. The WHO has described this as an 'increasingly serious threat to global public health'. As such, there is an urgent need for novel, effective treatments against bacteria."

For most of us channel marketing is something that doesn't enter our minds at any stage when we go to buy something. But it's something that's involved in almost every purchase we make, in particular a purchase from a multinational.

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