- Eight Irish companies join forces to create global centre of excellence for MedTech industry
- Cluster has combined annual revenue of €33m and employs 287 people
- Established under Enterprise Ireland’s Clustering Programme
Eight indigenous MedTech specialist companies have formed an innovative business cluster to promote Ireland as a global centre of excellence for the industry.
The Atlantic MedTech Cluster is one of the first collaborative groups set up under Enterprise Ireland’s Clustering Programme. The cluster has been launched in Sligo by Minister for Business, Enterprise and Innovation, Heather Humphreys TD.
The Atlantic MedTech Cluster is a collaborative business organisation, which has created a platform for the promotion and sourcing of medical device design and manufacturing in Ireland.
It allows potential clients to easily access multiple leading MedTech service providers in Ireland, bringing companies with years of experience to one location. It also allows clients the option of cluster members collaborating on projects which would streamline project management, resources and delivery.
The companies involved in setting up the Atlantic MedTech Cluster are: Arrotek, ATS, iNBLEX Plastics, Pharma Stainless, SL Controls, Tool & Gauge, Verus Precision and Ward Automation. The companies, which are all based in the North West of Ireland, are leading specialists in many MedTech areas including product development, metrology, automation, precision engineering, manufacturing and software integration.
Combined, the companies have annual revenue of €33m and employ 287 people in the region. They serve 282 customers between them – with 17 of the top 20 worldwide Medtech companies among their clients. (More details on each company in notes below)
Minister for Business, Enterprise and Innovation, Heather Humphreys TD said: “Enterprise Ireland’s Clustering Programme is an element of the Government’s Action Plan for Jobs and is designed to encourage groups of businesses to collaborate to achieve specific objectives, improve competitive advantage, and ultimately, create jobs. The programme, which is based on international best practice, is supported jointly by Enterprise Ireland, IDA Ireland, Údarás na Gaeltachta, and the Local Enterprise Offices. The Atlantic Medtech Cluster is an excellent example of what can be achieved under this initiative. Its eight members are already establishing an international presence under this unified structure and I wish the Cluster continued success.”
Andrew Hodson, Managing Director of Verus Precision, one of the companies which set up the cluster, said: “This is a very new concept in Ireland but one which we are very committed to as we recognise the ever-increasing importance of collaboration and innovation as a means of achieving maximum cost and time efficiencies – for both cluster members and clients. Ireland is the second largest employer of MedTech professionals in Europe and 18 of the world’s top 25 medical technology companies have a base in Ireland. This cluster was started by specialist MedTech service companies based in the North West of Ireland. This region has always been a leader in the MedTech field and we as a group are committed to creating a world-class MedTech centre of excellence here in Ireland.”
Niall O’Donnellan, Head of ICT and International Services, Enterprise Ireland said: “Multinational companies in the medical technology sector are increasingly seeking to reduce the number of key strategic suppliers. They demand an expanding range of services from their suppliers and are prepared to invest in developing very close mutually-beneficial working relationships. This means suppliers must attain a certain size to be able to target opportunities on the global market, which makes it challenging for small Irish suppliers to compete individually. However, by coming together in a cluster, suppliers can offer an enhanced scope of products and services, and position themselves to win more business in the expanding global medical technology market.”
For more, see http://www.atlanticmedtechcluster.com