XTremedy Medical Wins E.I. ‘One to Watch Award’
12th November 2021
Dr Lyn Markey of XTremedy Medical was presented with the “One to Watch Award” at Enterprise Ireland’s Big Ideas 2021 yesterday (11.11.2021). XTremedy Medical was one of 12 investor-ready start-up companies to pitch their new technology solutions to investors at Enterprise Ireland’s annual showcase of start-up innovation emerging from higher education institutes.
The award was presented to Dr Lyn Markey for the outstanding pitch of the day. XTremedy Medical, which is an Enterprise Ireland Commercialisation Fund supported start-up focused on tackling the serious problem of deep tissue and bone infections, has developed a surgical device that delivers electrical signals through the wound treating both the surface and below to zap any residual infection, preventing unnecessary amputations. The start-up is in the process of spinning out of NUI Galway.
In 20% of patients, an amputation is required to control the infection. There are over 300,000 diabetic foot ulcer procedures each year and a potential market of €600 million. The Xtremedy platform technology has scope to expand into the wider chronic wounds, trauma and surgical site infection markets, with a total potential market of €2.5 billion in the US.
A “Viewers’ Choice Award” was also presented to Jürgen Osing of PEARlabs, which has developed a patented Super Resolution Imaging (SRI) technology that provides real-time photonic imaging to visualise how life works at a molecular level, providing new insights into biomedical science. The start-up is in the process of spinning out of UCD.
Each start-up had just three minutes to promote their innovations and business propositions to an invited audience made up of the Irish research and business communities.
Other Big Ideas at this year’s event included innovations to prevent chemo-induced hair loss, a change management platform for distributed workforces, wearable therapy to treat COPD and a way to integrate healthy, purposeful physical movement into kids’ screen time.
Big Ideas alumni that have since gone on to raise angel, venture capital and corporate investment, grew headcount, secured international reference customers and were awarded highly competitive national, European and international funding include Nova Leah, SoapBox Labs, SepTec, Croí Valve, Nearform, Ostoform, Exit Entry, Loci Orthopaedics, AudioSourceRe, Selio, PlasmaBound, AtriAN Medical, Output Sports, Tympany Medical and Venari.
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Pictured: Dr. Lyn Markey, XTremedy Medical and Enterprise Ireland Executive Director Stephen Creaner.