Start-ups supported by UCC's innovation centre have raised €50m in investments over the past nine years and are contributing €25m a year to the local economy through the salaries they pay.

GatewayUCC, which is part of UCC Innovation, helps companies that are trying to commercialise intellecutal property created at the Cork university.

It says it has worked with and supported 70 firms since 2012 - which employ a combined 450 people.

The figures come as GatewayUCC announced the winners of the latest awards from its accelerator programme, SPRINT.

The awards seek to recognise some of the best performers from the latest cohort of start-ups involved in the programme.

"We are delighted to return to an in-person awards on campus this year to celebrate the wonderful work of UCC researchers that is being supported in the SPRINT programme," said Myriam Cronin, head of GatewayUCC and director of SPRINT Accelerator Programme. "With the 2022 new intake of researchers, this brings to 80 participants to date through the programme, all looking to start technology based new ventures."

GatewayUCC said 40% of this year's participants are female founders, representing its largest intake in the programme's history.

"SPRINT accelerates the movement of research out of the labs and into commercial application, bringing new medical devices and technologies into clinicians' hands and improving outcomes for patients," said Prof John Cryan, vice rresident for research and innovation at UCC. "Today we see just a sample of what is happening here in UCC research, exciting developments in disruptive technologies resulting in potentially game changing impacts."