DiaNia Technologies selected in Horizon 2020

Based in the NUI Galway Business Innovation Centre, DiaNia Technologies Ltd, was selected in the latest round of Horizon 2020 and awarded €50,000.

DiaNia Technologies Ltd is one of three Irish SMEs awarded for innovative ideas. The companies will use the money to finance feasibility studies and can also request up to three days of business coaching.

Sinead Kenny, co-founder of DiaNia Technologies, which was set up in 2013, said: “This funding under the EU’s SME Instrument is for our project on Advanced Extrusion Technologies for use in Catheter Based Medical Devices. ExtruLub is an innovative, disruptive extrusion technology with the ability to change the surface of a catheter without affecting core device properties, thereby leading to cost containment for the manufacturer and profile reduction of the end product.”

DiaNia Technologies specialises in medical device materials technology.  Its vision is to be a world class technology company focused on customer-driven solutions.

Sinead said: “As well as the €50,000, our selection by the EU also gives us access to a network of truly great mentors whom we look forward to engaging with. It’s a great boost to our confidence to have been selected from amongst 1,569 other SMEs from right across Europe.

“Once we had our ideas and vision clearly set out we set about applying to Horizon 2020.  It was a very straight forward application we submitted our application in March 2015 and heard the good news last week.”

The other Irish companies to benefit this time were Aperilink Ltd in Dublin and IRIS Advanced Engineering Ltd in Kerry.

This brings the total number of Irish SMEs funded so far to thirty, under the SME Instrument of Horizon 2020 – 25 Phase 1.

Across the EU, the European Commission announced 161 companies from 23 countries have been selected in the latest round of Horizon 2020 SME Instrument Phase 1.