Teams and execution key to attracting VC investors in med-tech: panel
Over the next three years the allocation of €30 million to Cork is seeking to create 70 new jobs and to accelerate research in minimally invasive procedures. The project is supported by the IDA Ireland, which is intensely pursuing an industrial transformation of high growth sectors such as med-tech. As a result of their continuous national focus on the sector, Ireland has one of the highest per capita number of people employed in the medical device industry.
Boston Scientific’s standing in the Irish southwest is one of the country’s major standing points, researching medical devices for interventional oncology, coronary artery disease, digestive disorders and severe asthma. The investment will add new objectives for the 1,200 strong work force, expanding it mostly in the fields of engineering and production.
The US-based company had seen minor job cuts the past year in its Galway facilities, but overall has a strong standing in the Irish market with an additional facility in Clonmel.
The Med-Tech World conference, which follows a successful digital event in 2020, will run from 18th-19th November 2021 and will highlight innovations and developments in digital health across the globe. With so many countries realising the potential for exponential growth, Med-Tech World will address the opportunities and challenges driving this multi-million forum – embracing the potential for technological innovation to change the face of medicine in this global sector. Register your interest here!