An innovative cancer treatment technology company has been named as the overall winner of the 2021 Northern Ireland INVENT Awards.
Organised by Catalyst with headline partner Bank of Ireland UK, INVENT is an annual celebration of the brightest new business ideas in the region, which supports, showcases and rewards the local innovations that have the greatest commercial potential.
INVENT shines a light on the creativity of local entrepreneurs who are at an early stage of developing their business, with 10 finalists chosen to compete for the main prize at a showcase event in the ICC Belfast. The final was attended by a live audience and streamed online after being delivered as an entirely virtual event last year.
The overall winner, Stim OxyGen, took home a prize package of £26,000 from a total prize fund of £47,000.
RELATED: INVENT winners: What happened next?
Stim OxyGen’s technology enhances the effects of cancer treatment by overcoming the problem of hypoxia in solid tumours. It uses oxygen generating nanoparticles to generate transient oxygen within solid tumours and has the potential to improve the efficacy of many cancer treatments and transform patient outcomes across the world.
Sian Farrell, co-founder and chief scientific officer of Stim OxyGen, said: “Six years of research and development has already gone into our technology, so we are delighted to have its potential recognised by INVENT. Our team is passionate about changing the outcomes for cancer patients and delivering higher standards of care worldwide."
Ms. Farrell also added: “Our ultimate ambition is to revolutionise cancer treatment and improve outcomes for patients on a global basis and winning INVENT will help us take the next step towards achieving that goal.”
INVENT Awards category winners on the night were:
Business software – Anneal
Consumer software – Stable Manager
Health & Wellbeing – Stim OxyGen
Greentech – Tankcube
Product – Excavator Forklift
In addition to the main awards, the 10 finalists took to the stage at ICC Belfast to give a live one-minute elevator pitch to win £1,000, with the audience voting Stim OxyGen the winner of best pitch.
RELATED: Tech entrepreneur Brendan Monaghan wins Catalyst’s innovation founder award
The winner of the Student INVENT competition was announced as Gabrielle Feenan from Ulster University, who has developed Korkki, a business that designs and makes innovative cork furniture.
Kerry McGarvey, programme manager at INVENT, said: “The finalists are all companies that are trying to solve real world problems and the variety of different ideas that were covered in this year’s competition has shown, if proof were needed, that innovation continues to be in the DNA of people here in Northern Ireland, which bodes well for the future of our economy.”
More information on all of the finalists can be found here.
Source: Written from press release.
