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15/09/2014 - Partnership with University of Massachusetts and LYIT announced

M2D2 North West 379 x 269

Senate President Therese Murray at the announcement of the expansion of the Massachusetts Medical Device Development Center (M2D2) with Cllr. John Campbell, Cathaoirleach Donegal County Council, Paul Hannigan, President LYIT, Seamus Neely, Chief Executive, Donegal County Council, Bob Caret, President of the University of Massachusetts, Fintan Maloney, LYIT Board of Governors, Alice Moore, MA Senate, Samantha Dallaire, MA Senate and John Andy Bonner, LYIT

 

Senate President Therese Murray announced on Friday the expansion of the Massachusetts Medical Device Development Center (M2D2) to Northern Ireland and the Republic of Ireland. Named “M2D2 Northwest,” the successful medical device incubator will now hold incubator space at the Letterkenny Institute of Technology and the Clinical Transitional Research and Innovation Centre (C-TRIC).

 

The opening of international medical device incubator space is the direct result of previous trade missions to Northern Ireland and Ireland led by President Murray.

 

“Massachusetts holds international recognition as a premiere research and development center for life sciences, biotechnology and medical devices,” President Murray said. “This exciting collaboration will offer assistance to Massachusetts-based companies looking to break into the European market while also attracting European companies that want to launch clinical trials in Massachusetts. Our shared goal is to create an environment where research, innovation and commercialization can all take place and this is a big step forward for innovators and entrepreneurs in Massachusetts and beyond.”

 

Founded in 2008, M2D2 is a joint UMass Lowell and UMass Worcester initiative designed to accelerate the development and launch of new medical device companies. M2D2 provides business development counselling, engineering and prototype development support, as well as clinical and regulatory path guidance, and has assisted more than 100 start-up companies and entrepreneurs since its inception.

 

In addition to following M2D2’s business development model, M2D2 Northwest will provide “soft landing” services for start-up companies and entrepreneurs based in Ireland and Northern Ireland seeking to do business in Massachusetts, and Massachusetts companies seeking to do business abroad.

 

“UMass serves a vital role as an economic engine for Massachusetts with a statewide annual economic impact in excess of $6 billion,” University of Massachusetts President Robert Caret said. “Our focus on entrepreneurship and the development of new products and services provides us with a unique opportunity to contribute the talent and resources of the university to startups, here and abroad, that will lead to their success and sustainable economic development for Massachusetts.”

 

“I want to congratulate everyone involved in launching this initiative,” UMass Lowell Executive Vice Chancellor Jacqueline Moloney said. “Given M2D2’s track record of success and the potential benefits that such collaboration offers, for years to come.”

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