Marine Institute

The Marine Institute is the national agency in Ireland tasked with providing expert advice and implementing marine research initiatives. It plays a crucial role in supporting the sustainable development of marine resources and ecosystems. The institute engages in various research projects that focus on oceanography, fisheries, and marine biodiversity, aiming to enhance knowledge and inform policy decisions related to marine environments. Through its activities, the Marine Institute contributes to the overall management and protection of Ireland's marine and coastal resources, ensuring they are utilized responsibly for future generations.

Rick Officer

CEO

12 past transactions

W1Da Experience

Grant in 2019
w1Da is a company focused on enhancing the sailing experience and making the sport more accessible to a broader audience. With a team that includes award-winning designers and experienced sailors, w1Da specializes in the development of racing and cruising yachts that are both electrically propelled and battery-driven. These yachts are designed to generate energy from renewable sources, allowing sailors to enjoy their time on the water while minimizing environmental impact. The company aims to combine innovative engineering with a passion for sailing, promoting a 'fuel for life' concept that encourages exploration and accessibility in the sport. By offering the capability to sail in diverse conditions, w1Da seeks to empower sailors to "sail everywhere."

Marine Materials

Grant in 2019
Marine Materials Ireland is an engineering company that develops floating substructures for the renewable energy sector. The company aims is to promote rapid growth in the floating offshore wind sector through cutting-edge innovation, with a primary focus on reducing the cost associated with the floating substructures. It was founded in 2017 and is headquartered in Ireland.

Bio-Marine Ingredients Ireland

Grant in 2019
Bio-Marine Ingredients Ireland (BII) is a marine bio-tech company based in County Monaghan, Ireland, approximately one hour from Dublin Airport. Formed as a joint venture between Irish fishing vessel owners and Norwegian marine ingredient experts, BII specializes in the production of high-quality marine ingredients derived primarily from blue whiting found near the Irish coast. The company provides natural marine-based proteins, lipids, and calcium that are free from chemical additives. By utilizing quality food-grade enzymes and natural antioxidants, BII enables fisheries and marine product wholesalers to offer consistent, premium-quality ingredients to their customers. The main shareholders of BII are fishermen who control the essential quotas that supply the bulk of the raw materials processed by the company.

Gavin & Doherty Geosolutions

Grant in 2019
Gavin and Doherty Geosolutions Ltd. is a specialist geotechnical engineering consultancy established in 2011 by Paul Doherty and Kenneth Gavin. The firm provides innovative geotechnical solutions across various civil engineering sectors, leveraging a strong foundation in geomechanics and applied geotechnical research. With expertise in infrastructure, renewables, structures, offshore projects, and research and development, GDG offers comprehensive services including concept design, detailed design, in-situ monitoring, and general geotechnical advice. The company is actively engaged in international infrastructure initiatives, encompassing harbours, offshore oil and gas installations, windfarms, and commercial structures. Their clientele consists of major civil and building contractors, project developers, and engineering consulting firms. Additionally, GDG supports the insurance and legal sectors through forensic engineering and expert witness services, ensuring the delivery of progressive, reliable, and efficient geotechnical designs tailored to diverse project needs.

Subsea Micropiles

Grant in 2019
Subsea Micropiles is a specialized foundations company that focuses on innovative micropile technology for subsea applications. The company develops advanced micropile foundations and anchor systems tailored for the renewable energy and offshore oil and gas sectors, as well as for high-value assets such as vessel anchorages. Their engineering team emphasizes alternative geotechnical strategies inspired by natural biological systems, like tree root structures, to address the challenges of working in complex environments. By leveraging their technology, Subsea Micropiles offers solutions that can support substantial loads while minimizing site disruption and environmental impact. This approach allows clients to effectively access challenging sites, reduce costs, and fulfill project requirements efficiently, with a strong commitment to meeting client objectives.

Resolute Marine

Grant in 2019
Resolute Marine Energy, Inc., established in 2007 and headquartered in Boston, Massachusetts, specializes in developing wave energy converters. These devices harness the power of ocean waves to generate clean electricity and transport seawater for on-shore desalination, producing drinkable water. The company's technology caters to off-grid areas, serving applications such as open-ocean aquaculture, seawater desalination, and ocean observation systems. Resolute Marine Energy has received support from the U.S. Department of Energy and was recognized as the 2010 winner of the Global Entrepreneurship Week's Startup Open competition.

Ocean Energy

Grant in 2019
Ocean Energy, which is the trading name of New Wave Technologies Limited, is a specialised commercial company developing wave energy technology. The company is developing technology which has been extensively tested and is now at a stage where it is now one of the most commercially viable technologies for harnessing the power of the oceans. The device, through careful development, has the advantages of a robust and practical design, one moving part and proven survivability having withstood over 3 years of live sea trials in Atlantic waves. To date no other Wave Energy systems can claim success in these areas to a similar or greater extent.

XOCEAN

Grant in 2019
XOCEAN Limited is a company that specializes in providing Data Collection-as-a-Service through its innovative uncrewed surface vessels (USVs). Founded in 2017 and based in Greenore, Ireland, XOCEAN focuses on delivering comprehensive ocean data solutions for surveyors, government bodies, and various offshore industries. The company's USVs are designed for unmanned operations over the horizon, utilizing satellite communications for real-time data acquisition, processing, and interpretation. XOCEAN also offers its CyberDeck, a secure cloud-based platform that enables remote monitoring and control of USVs, ensuring high-quality data collection while allowing adjustments to sensor parameters as needed. Their services encompass a range of applications, including seabed mapping, environmental monitoring, fisheries, bathymetry, and met ocean data. By leveraging proprietary technology, XOCEAN provides a safe, economical, and carbon-neutral approach to meeting the ocean data needs of its clients.

SolarMarine Energy

Grant in 2019
SolarMarine Energy Ltd specializes in providing comprehensive floating solar energy solutions that support photovoltaic (PV) panels in both inshore and offshore environments. The company designs and constructs innovative floating solar systems that deliver clean, renewable energy. These floating power plants are adaptable for various applications, including direct energy feeds to local industries and connections to the grid. Additionally, SolarMarine Energy offers installation services for site-specific energy plants tailored to water treatment facilities, lakes, pumped storage facilities, and nearshore fish farms, showcasing its commitment to sustainable energy solutions.

Technology From Ideas

Grant in 2019
Technology From Ideas Ltd. is a Dublin-based seed investment and commercialization company established in 2005. It focuses on proof of concept development for early-stage, technology-driven ideas submitted by academic researchers. The company provides comprehensive support in technology search and development, intellectual property assessment and protection, contract research, and maximizing the value of non-core intellectual property assets. By evaluating and further developing intellectual property in its own laboratories, Technology From Ideas facilitates the licensing of these innovations to end customers, either directly or through industry partners specializing in product development. Serving businesses and research groups across Ireland, the company plays a crucial role in bridging academic research and market application.

Exceedence

Grant in 2019
Exceedence Ltd. is a company that specializes in developing financial planning, evaluation, and optimization software tailored specifically for the renewable energy sector. Founded in 2014 and headquartered in Ringaskiddy, Ireland, Exceedence's software facilitates comprehensive evaluations in marine renewable energy areas, including wind, offshore wind, wave, and tidal technologies. The platform offers decision support services that empower clients to create financial plans based on project implementation and provides actionable data on the energy sector, ultimately enabling effective future investment planning. By adhering to international standards, Exceedence aims to foster the commercialization and investment within the renewable industry through its credible and robust software solutions.

IDS Monitoring

Grant in 2019
IDS design, manufacture and support state-of-the-art data acquisition systems and integrate these with high performance instrumentation to provide reliable cost-effective monitoring solutions. They supply single components or complete end-to-end solutions that include versatile on-line data management and visualization.
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