The University of Limerick has been shortlisted in two out of five categories for the annual Knowledge Transfer Ireland (KTI) Impact Awards. The awards recognise top performance in industry engagement and commercialisation of research and pay tribute to the business and research performing organisations involved in knowledge transfer. The awards also acknowledge and celebrate the technology transfer offices and the contribution that staff make to supporting knowledge transfer and commercialisation.
UL was shortlisted for the Collaborative Research Impact Award for their successful collaboration with EJ, a global leader in the design and manufacturing of infrastructure access solutions, whose products are distributed in over 140 countries. In 2013 EJ commenced an Enterprise Ireland funded Innovation Partnership research collaboration with the UL led Irish Composites Centre (IComp). The research goal was to develop an access cover made from composite materials to supplement the company’s extensive range of steel and cast iron products. The research encompassed the full development cycle from concept to production. The outcome was a new high-quality prototype product with improved performance-to-weight ratio and which met the relevant EU standards.
The second shortlist in the Consultancy Impact award category was for the successful collaboration between Mathematics Applications Consortium for Science and Industry (MACSI) at UL and XTract 360 Ltd, an Irish start-up that has developed a connected claims platform for all Internet of Things (IoT) car accident data. Profitability in the global motor insurance market is deteriorating partly due to undetected fraudulent claims, difficult liability assessment and lengthy processing times. XTract 360 was seeking to develop improved ways to determine liability, deflect fraud and automate vehicle damage triage and in 2017, they commissioned a consultancy project with MACSI. MACSI researchers developed mathematical and statistical modelling techniques and worked closely with Xtract's software team to ensure seamless implementation of the mathematical model into the Xtract software. The company now aims to further scale business development across Europe and the US, armed with a robust, production ready model for the motor claims industry.
At the KTI Impact Awards in 2017, MASCI researchers at UL took home the Consultancy Impact Award for a project with Rusal Aughinish Alumina.
The winners will be announced at the KTI Impact Awards ceremony on Thursday, 26th April 2018. Full details of the finalists are available at: http://www.knowledgetransferireland.com/KTI%20Impact%20Awards/Finalists-Winners-2018/