Galway Bay fm newsroom - Two Galway medtech firms are set to receive up to €5m in EU funding.
Capri Medical and Vivasure Medical were among 3 Irish enterprises selected for funding in the latest round of allocations.
Capri Medical - based at NUI Galway, and Vivasure Medical - based at Parkmore, are two of three Irish enterprises selected for funding under the latest round of allocations from the European Innovation Council.
EIC accelerator grants are worth between €500 thousand and €2.5m.
The allocation to Capri Medical will fund a new project to treat patients with chronic post-operative pain, allowing for earlier discharges from the healthcare system.
While Vivasure Medical will use the EIC funding for a project to develop the worlds first absorbable percutaneous closure device for large holes in veins.
As well as financial support, the two Galway med-tech firms will have access to coaching, networking and business acceleration services to help build and expand their businesses.
