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 biotech company based in County Monaghan, Ireland, established as a joint venture between local fishing vessel owners and Norwegian marine ingredient experts. The company specializes in producing high-quality, natural marine ingredients, including proteins, lipids, and calcium, primarily sourced from abundant blue whiting found near the Irish coast. BII's products are free from chemical additives and are comprised of food-grade enzymes and natural antioxidants. This approach enables fisheries and marine product wholesalers to provide consistent, high-quality ingredients to their customers, leveraging the expertise of its shareholders who hold the quotas for the raw materials essential to BII's operations.

Gavin & Doherty Geosolutions

Grant in 2019
Gavin and Doherty Geosolutions Ltd. (GDG), established in 2011 by Paul Doherty and Kenneth Gavin, is a geotechnical engineering consultancy that specializes in providing innovative solutions across various civil engineering sectors. The firm combines advanced research in geomechanics with practical industry experience to deliver reliable and efficient geotechnical designs. GDG is engaged in numerous international infrastructure projects, including harbors, offshore oil and gas installations, wind farms, and commercial structures. Its diverse clientele includes large civil and building contractors, project developers, and engineering consulting firms. In addition to its core services, GDG offers forensic engineering and expert witness services for the insurance and legal sectors. The company's principal areas of expertise encompass Infrastructure, Renewables, Structures, Offshore projects, and Research & Development.

Subsea Micropiles

Grant in 2019
Subsea Micropiles is a foundations company specializing in subsea micropile technology. The firm focuses on developing innovative solutions for geotechnical challenges in demanding environments, drawing inspiration from natural biological systems, such as tree root structures. Their offerings include micropile foundations and anchors tailored for the renewable energy and offshore oil and gas sectors, as well as for high-value assets like vessel anchorages. By employing micropile technology, Subsea Micropiles provides foundation and anchor systems capable of withstanding substantial loads. Their approach allows for careful site selection, minimizing environmental impact while facilitating access to congested areas. Ultimately, the company prioritizes meeting client objectives by delivering effective and environmentally considerate solutions for various projects.

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 generate clean electricity from ocean waves and also facilitate the transportation of seawater to onshore desalination facilities, producing drinkable water. The company's technology supports off-grid areas, particularly in water-stressed regions, by providing power and water resources. Resolute Marine Energy has received backing from the U.S. Department of Energy (DOE) 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 floating solar energy solutions designed to support photovoltaic (PV) panels on both inshore and offshore water bodies. The company focuses on the design and construction of innovative and durable floating solar systems that generate clean, renewable energy. Their floating power plants can facilitate energy supply through private wire connections for local industries or be integrated into the broader electrical grid. Additionally, SolarMarine Energy offers site-specific installations for various applications, including water treatment facilities, lakes, pumped storage facilities, and nearshore fish farms, thereby enhancing the versatility and accessibility of solar energy generation.

Technology From Ideas

Grant in 2019
Technology From Ideas Ltd. is a Dublin-based seed investment and commercialization company that focuses on proof of concept development for early-stage technology-based ideas proposed by academic researchers. Established in 2005, the company evaluates, protects, and further develops intellectual property within its laboratories. It provides essential support services, including technology search and development, IP identification and protection, and contract research and development. Technology From Ideas aims to help businesses and research groups in Ireland derive value from non-core IP assets and facilitates the licensing of developed technologies to end customers directly or through industry partners specializing in product development.

Exceedence

Grant in 2019
Exceedence Ltd. is a company that develops financial planning, evaluation, and optimization software tailored for the renewable energy sector, including wind, offshore wind, wave, and tidal energy. Founded in 2014 and based in Ringaskiddy, Ireland, Exceedence's software aims to support the commercialization and investment in renewable energy by delivering credible and robust financial solutions aligned with international standards. The platform offers decision support services that enable clients to create financial plans based on various project implementations, providing actionable data to facilitate informed investment planning in the energy sector.

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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