Leicestershire-based company Cresco Innovation opens first Irish office in key move ahead of Brexit.
Leading innovation company Cresco are building on their hugely successful links with Ireland by opening a new office in Galway.
Cresco, whose head office is at the Advanced Technology Innovation Centre at Loughborough University Science Park, are experts in securing grant funding for technology-based clients.
They have a strong history of collaboration with Irish companies, and this exciting new partnership will see them establish roots at the Business Innovation Centre at the National University of Ireland in Galway.
A growing number of UK companies have already moved some of their business operations to Ireland in preparation for Brexit, and Cresco see their partnership with NUIG creating new opportunities for collaboration between clients from the UK and Ireland.
The Cresco team are already putting together project partnerships for many of their clients, aiming to build on the unprecedented success they have previously enjoyed with a great number of Irish companies.
That success includes applications to the H2020 programme, in particular Phase 2 applications where Cresco has won more than €5.1million for Irish clients in the last 12 months.
Cresco CEO Jo Derbyshire said: “We are very excited to formally establish our Irish operations.
“We have been working with Irish clients for some time, and the opportunity of an office at the NUIG Business Innovation Centre is the ideal opportunity for us to build on the success we have enjoyed so far.
“Cresco Ireland is a key pillar of our Brexit strategy.”
NUI Galway is a hotbed of innovation, particularly in the medical technology area, and the Business Innovation Centre has supported hundreds of companies, spin-ins and spin-outs.
The partnership with Cresco will lead to further grant potential with commercial impacts for Galway and the wider region, with many discussions already under way with potential NUI Galway spin-outs and early-stage start-ups.
Cresco’s arrival in Galway is a significant partnership for the University.
Fiona Neary, manager of the Business Innovation Centre, said: “This is an exciting partnership with Cresco as NUI Galway continues to transform healthcare and the Medtech ecosystem.
“Our vision is to create innovative medical technologies which are affordable and transformative for patients with both acute and chronic conditions. This will bring us closer to the patient need, while also stimulating innovation and job creation though high-potential start-ups.”