A grant from RDA Invest NI will help set up a R&D centre at Queen’s University Belfast to develop and test breathing and heart rate monitoring technology developed by University College Dublin spinout BiancaMed.
Invest NI has offered £250,000 towards the set up of the centre at Queen’s University’s
BiancaMed, headquartered at NovaUCD, the Innovation and Technology Transfer Centre at University College Dublin, is developing the technology at its new R&D centre in
John Thompson, Invest NI’s director of innovation, research and technology, said: ‘This innovative technology has the potential to add significant momentum to the drive in modern healthcare towards effective care management for chronic diseases. Through direct application to products as well as licensing it to other companies, BiancaMed has the potential to access a global market for its unique technology.’
As well as receiving assistance through Invest NI’s Compete programme, which supports the commercialisation of research, BiancaMed has secured €2.5m venture capital support for the project from venture capital firm Draper Fisher Jurvetson ePlanet Ventures and ResMed, which develops products for sleep-disordered breathing.
BiancaMed was founded as a spinout from University College Dublin’s