Four Irish companies secure €23m in EU accelerator funding

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The companies who are to receive the money are Galway-based companies InVera Medical and Loci Orthopaedics, Dublin-based Selio Medical, and Mayo-based Ovagen. ​ ​Ireland comes fifth in value of funding received by EU fund.

Four Irish companies have secured €23 million in funding from the European Innovation Council , an European Commission body established to support the commercialisation of high-risk, high-impact technologies.

The companies who are to receive the money are two Galway-based companies: InVera Medical, who create a non-thermal medical device to cure varicose veins and venous ulcers, and Loci Orthopaedics, who have developed an implant for the treatment of thumb base joint arthritis.

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