Latest news with #HighPotentialStart-Up
Business Wire
6 days ago
- Health
- Business Wire
New Irish Healthtech Firm Phyxiom Set to Transform Asthma and COPD Management
DUBLIN--(BUSINESS WIRE)-- Phyxiom, a pioneering digital healthcare company, today announced its official launch, bringing transformative technology developed through extensive clinical research led by globally recognised respiratory specialist, Professor Richard Costello (RCSI University of Medicine and Health Sciences and Beaumont Hospital). Built upon groundbreaking studies published in Lancet Respiratory Medicine and validated by health economists, Phyxiom's platform provides clinicians with precise, real-time data to significantly enhance asthma and Chronic Obstructive Pulmonary Disease (COPD) management. Co-founded by experienced tech executive Grace O'Donnell as Chief Executive Officer and healthcare professional Elaine Mac Hale as Clinical Operations Director, along with Prof Costello, Phyxiom is a spin-out company from RCSI. Based on a strong foundational IP portfolio developed under an Enterprise Ireland (EI) Commercialisation Fund award the company has recently achieved EI High Potential Start- Up (HPSU) status. O'Donnell and Mac Hale lead Phyxiom's day-to-day operations, driving forward its mission to revolutionise respiratory healthcare through advanced digital solutions. Professor Richard Costello, Chief Medical Officer at Phyxiom and Professor of Respiratory Medicine at RCSI, explained the science behind the innovation: 'Our research, spanning over a decade, has conclusively demonstrated that digitally-informed treatment significantly reduces medication use, prevents unnecessary hospitalisations, and ultimately lowers healthcare costs. By providing clinicians with objective, real-time insights into lung function and medication adherence, Phyxiom fundamentally improves diagnosis accuracy and treatment outcomes.' Phyxiom's technology is already operational across 13 Health Service Executive (HSE) asthma clinics in Ireland, processing nearly 350 patients to date, with plans to expand further and engage Irish private health insurers in 2025. Grace O'Donnell, CEO, said: 'Elaine and I are incredibly proud to lead this exciting RCSI spin-out company into the commercial market. We are passionate about using Richard's groundbreaking research as the foundation to deliver transformative, patient-centric healthcare solutions, significantly improving quality of life for patients suffering from uncontrolled asthma and COPD.' Elaine Mac Hale, Clinical Operations Director, added: 'Phyxiom seamlessly integrates into existing healthcare systems, ensuring minimal disruption to clinicians' workflows. Our evidence-based approach empowers healthcare providers with the insights needed to deliver personalised, effective, and efficient patient care.' Following its successful Irish rollout, Phyxiom is expanding into the UK market in H1 2026 and plans a US launch in 2027, supported by established partnerships and integration with leading electronic health record systems. Phyxiom's launch marks a significant milestone in Ireland's healthtech landscape, highlighting Irish innovation on the global healthcare stage. Those interested in learning more about Phyxiom, can visit the website here: About RCSI University of Medicine and Health Sciences RCSI University of Medicine and Health Sciences is ranked first in the world for its contribution to UN Sustainable Development Goal 3, Good Health and Well-being, in the Times Higher Education (THE) University Impact Rankings 2025. Founded in 1784 as the Royal College of Surgeons in Ireland with responsibility for training surgeons in Ireland, today RCSI is an innovative, not-for-profit, international university exclusively focused on driving improvements in human health worldwide through education, research and engagement. RCSI is among the top 300 universities worldwide in the World University Rankings (2025) and has been awarded Athena Swan Bronze accreditation for positive gender practice in higher education. In 2026, RCSI will open a new public engagement space, dedicated to health and well-being, at 118 St Stephen's Green in Dublin city centre. The space is designed to engage the public in dialogue about living longer, healthier and happier lives through dynamic events and exhibitions. Our aim is to bridge the gap between health sciences research, professional expertise, and public understanding, empowering people to make informed decisions about their health. Visit the RCSI MyHealth Expert Directory to find the details of our experts across a range of healthcare issues and concerns. Recognising their responsibility to share their knowledge and discoveries to empower people with information that leads them to better health, these clinicians and researchers are willing to engage with the media in their area of expertise.
Irish Examiner
30-05-2025
- Business
- Irish Examiner
Enterprise Ireland names Jenny Melia as new chief executive
Enterprise Ireland has announced Jenny Melia as its new chief executive officer. Ms Melia, who has worked in the agency for 29 years, is currently an executive director of Enterprise Ireland, which includes the role of chief client officer. She will take up her new role as chief executive in July. Ms Melia will replace interim chief executive Kevin Sherry, who will return to his position as executive director in July. Ms Melia has worked with companies from all sectors, including food, industrial and technology, and has also worked with the High Potential Start-Up (HPSU) Division, and the research and innovation team. 'I am looking forward to working with Jenny and her leadership team, as this Government continues to focus on supporting Irish exporters and indigenous SMEs. Irish-owned enterprises are critical to our economy, and we are committed to supporting this sector to continue to be agile, and to grow and scale both domestically and in international markets," said Minister for Enterprise, Tourism, and Employment, Peter Burke. Enterprise Ireland chair Michael Carey said Ms Melia has worked extensively and directly with its client companies. "She was also centrally involved in the design and implementation of the organisation's new client operating model, and Enterprise Ireland's new strategy, 'Delivering for Ireland, Leading Globally (2025-2029)'. She will bring this vast experience and leadership to her new role, and we look forward to working with her to achieve our long-term ambition, that exporting Irish companies will become the primary driver of the Irish economy.' Employment at companies supported by Enterprise Ireland rose to a record 234,454 earlier this year, and the organisation's new strategy sets out a number of ambitious targets for the Irish enterprise base, including plans to increase exports to €50bn by 2029.
RTÉ News
30-05-2025
- Business
- RTÉ News
Enterprise Ireland names Jenny Melia as new CEO
Enterprise Ireland has appointed Jenny Melia as its new chief executive officer (designate). Ms Melia, who has worked in the state agency for 29 years, is currently an Executive Director of Enterprise Ireland, which includes the role of Chief Client Officer. She will take up her new role as CEO in July and will replace interim CEO Kevin Sherry. Ms Melia has held a number of senior leadership roles across the organisation throughout her career and has worked extensively with client companies of varying scales from all sectors, including food, industrial and technology, and has also worked with the High Potential Start-Up (HPSU) Division, and the Research and Innovation team. Enterprise, Tourism and Employment Minister Peter Burke said that Ms Melia is a dedicated public servant, who has spent much of her career supporting and fostering the development of the Irish enterprise base through her impressive tenure with Enterprise Ireland, which spans almost three decades. "I am looking forward to working with Jenny and her leadership team, as this Government continues to focus on supporting Irish exporters and indigenous SMEs," Mr Burke said. "Irish-owned enterprises are critical to our economy, and we are committed to supporting this sector to continue to be agile, and to grow and scale both domestically and in international markets," he added. Michael Carey, Chairman of Enterprise Ireland, said the new CEO has an outstanding track record of providing clear vision and strategic leadership within the organisation, has established deep relationships working collaboratively with key stakeholders from across the ecosystem, and has worked extensively and directly with our client companies. "Enterprise Ireland has successfully helped Irish enterprise to scale and grow enormously in recent years, with our client base now employing and exporting at record levels, and Jenny has played a pivotal role in this success," Mr Carey said. "She will bring this vast experience and leadership to her new role, and we look forward to working with her to achieve our long-term ambition, that exporting Irish companies will become the primary driver of the Irish economy," he added. Mr Carey also thanked Kevin Sherry for his leadership as interim CEO, adding that Kevin, who will return to his position as Executive Director in July, demonstrated an exceptional level of commitment as he filled this role in recent months. Employment at companies supported by Enterprise Ireland rose to a record 234,454 earlier this year, and the organisation's new strategy sets out a number of ambitious targets for the Irish enterprise base, including plans to increase exports to €50 billion by 2029.
Irish Post
07-05-2025
- Business
- Irish Post
Enterprise Ireland reveals it invested more than €27m in start-ups in 2024
ENTERPRISE IRELAND, the government agency responsible for the development and growth of Irish companies in global markets, has revealed it invested €27.6m in Irish start-ups in 2024. The body supported 157 start-up companies last year, with investment provided through its High Potential Start-Up (HPSU) and Pre-Seed Start Fund (PSSF) programmes. The figures were announced today at Enterprise Ireland's annual Start-Up Day Conference at the Aviva Stadium in Dublin, with more than 600 delegates in attendance. Opening the conference, Minister for Enterprise, Tourism and Employment, Peter Burke TD, said: "Today is about celebrating the spirit of Irish entrepreneurship. "The strong pipeline of innovative start-ups emerging over the last three years demonstrates the extraordinary resilience and business ambition of Irish-founded start-up teams, particularly against the backdrop of a challenging global economic period." Last year marked the final year of Enterprise Ireland's three-year strategy, entitled 'Leading in a Changing World 2022-2024'. In that time, there were 266 HPSU and 213 Pre-Seed Start Fund (PSSF) approvals, with more than €78m invested in the companies, half of which were based outside of Dublin. Start-ups supported by Enterprise Ireland in 2024 included 90 HPSUs with the potential to create 10 jobs and €1m in sales within three years of starting up and 13 HPSUs from academic research. Meanwhile, 45 start-up companies that were approved investment in 2024 were women-led, while 63 were based outside the capital. Exporting companies tipped to drive economy Today's Start-Up Day — the largest annual event on Ireland's start-up calendar — comprised hundreds of entrepreneurs, investors and stakeholders, bringing together companies from sectors including ICT, life sciences, fintech, food and sustainability. This year's conference included a pitching element, featuring top university (pre) spin-out ventures emerging from Enterprise Ireland's Commercialisation Fund. These teams will pitch their visionary concepts, competing for an award and the prestigious opportunity to participate in UC Berkeley's Venture Connectivity Program. Looking forward, enhancing the pipeline of innovative and scalable start-ups is a key objective of Enterprise Ireland's new strategy, 'Delivering for Ireland, Leading Globally'. It has set a target to support 1,000 new start-ups over the five-year period from 2025 to 2029. "Start-up Day 2025 is a celebration of Ireland's strong and dynamic start-up community and the Start-Up class of 2024 have and will continue to play a significant role in contributing to the vibrancy of Ireland's start-up ecosystem," said Kevin Sherry, Interim CEO of Enterprise Ireland. "A key objective in our new strategy is to accelerate sustainable Irish business so that in time, exporting Irish companies will become the primary driver of the Irish economy. "As part of our plan, Enterprise Ireland is undertaking a dedicated consultation process by engaging with the start-up ecosystem on the supports available for early-stage companies in Ireland. "This aims to strengthen our pipeline of early-stage companies with the potential to scale internationally, furthering Ireland's position as a global leader in entrepreneurship and innovation." See More: Enterprise Ireland
Irish Examiner
07-05-2025
- Business
- Irish Examiner
Enterprise Ireland start-up investments rise 15%
Enterprise Ireland funding to start-up companies increased by 15% during 2024, the agency revealed, as it kicks off its annual Start-Up Day conference in Dublin. Last year, Enterprise Ireland invested €27.6m in Irish start-ups across 157 companies. This is an increase on the €24m invested during 2023 across 156 companies. The investments were provided through Enterprise Ireland's High Potential Start-Up (HPSU) and Pre-Seed Start Fund (PSSF) programmes. There were 90 investments through the HPSU programme - which is aimed at businesses with the potential to create 10 jobs and €1m in sales within three years of starting up. Of these companies, 13 emerged as a result of academic research with 25 companies spun out of third-level institutions. The PSSF programme accounted for 69 investments. According to Enterprise Ireland, 63 of the companies supported last year were based outside of Dublin and 45 were led by women. The agency's figures for last year were unveiled as the company kicked off its annual Start-Up Day Conference on Wednesday in Dublin. Kevin Sherry, interim chief executive of Enterprise Ireland, said a key objective of the agency's new strategy is sustainability in Irish business so that in time 'exporting Irish companies will become the primary driver of the Irish economy'. 'As part of our plan, Enterprise Ireland is undertaking a dedicated consultation process by engaging with the start-up ecosystem on the supports available for early-stage companies in Ireland.'
