UL were among the winners at the annual Knowledge Transfer Ireland (KTI) Impact Awards held in Dublin on 26th April.
MACSI, the Mathematics Applications Consortium for Science and Industry, won the “Consultancy Impact” award for its role in the development of a software application for Xtract 360 Ltd to re-create a car crash in real time to deal with undetected fraudulent insurance claims.
The awards were presented by John Halligan, the Minister of State for Training, Skills, Innovation, Research and Development, who said the Government has taken a “pro-active approach” to encouraging and supporting research-based innovation.
Dr Alison Campbell, director of Knowledge Transfer Ireland, said the winning projects were “addressing societal challenges, as well as creating economic value” in Ireland.
Xtract is an Irish start-up that has developed a connected claims platform for all Internet of Things (IoT) crash data. The company aggregates and visualizes data for motor claims handlers at the moment of impact which empowers them to determine liability, deflect fraud and automate vehicle damage triage.