How have you gone about funding your research so far, and how is the product coming along?
We raised capital through Enterprise Ireland Commercial Fund, private investment & were awarded funding through FTI as part of the European Innovation Council. We also won the InterTrade Ireland Seedcorn Investor Readiness competition in 2018. After years of designing we have reached a stage where we have a viable product that the clinicians are happy to pursue in clinical trials. Our U.S. patent has been published and we have a clear IP and the EU government has awarded Loci Orthopaedics €2.5m to “Fastrack” the InDx system to market and we are beginning clinical trials in Ku Lueven this year.
Would you recommend following in your footsteps and joining the start-up community?
I would undoubtedly recommend joining the start-up community. Traditional views of joining a start-up were associated with risk and uncertainty and graduates are often recommend to look for stability and long–term. I had been asked by my family and colleagues if I was sure this was something I wanted to do. I was confused as for me a window of opportunity had just opened up and this seemed like the most ‘stable’ choice as it was a perfect way to develop my career. In actual fact I had nothing to lose and everything to gain by joining a start-up. Today as engineers we have so many doorways to opportunities, which have been carved out by the generation before us. I was very lucky to be hired by Brendan and Gerry who have created a very established organisation under the start-up hood. When you graduate it can be overwhelming as you feel that you need to specialise in a certain area. For areas of engineering, business and medicine it may guide you to finding a particular area of interest or if not catch the bug yourself and start your own business! At the moment I like to take things day by day so the start-up community suits me perfectly.