Research Triangle Park Life Science Consulting Firm, Innovalyst, Wraps-Up Phase One Engagement with Government of Northern Ireland

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Innovalyst, a life sciences consulting firm, today announced the completion of the first phase of the Global Life Science Innovation Program with Invest Northern Ireland. Invest Northern Ireland (Invest NI) is part of the Department of Enterprise, Trade and Investment which provides strong government support for businesses by delivering the Government’s economic development strategies in Northern Ireland. In the course of this two-year engagement, Innovalyst’s efforts have led to significant direct investment to date and promise to deliver millions of pounds in R&D collaborations, licenses, and spinouts between Northern Ireland and organizations in the U.S. and Europe.

“Assisting Northern Ireland in generating significant monetary investments for their intellectual property continues to build our Research Triangle Park-based global outreach.” stated Paul Domanico, Managing Partner, Innovalyst.

Innovalyst, a life sciences consulting firm, today announced the completion of the first phase of the Global Life Science Innovation Program with Invest Northern Ireland. Invest Northern Ireland (Invest NI) is part of the Department of Enterprise, Trade and Investment which provides strong government support for businesses by delivering the Government’s economic development strategies in Northern Ireland. In the course of this two-year engagement, Innovalyst’s efforts have led to significant direct investment to date and promise to deliver millions of pounds in R&D collaborations, licenses, and spinouts between Northern Ireland and organizations in the U.S. and Europe.

“We were incredibly impressed with Innovalyst’s wide-range capabilities. Using their ICaN (Intellectual Capital Network) they were able to bring the right expert to each project; whether it was in drug discovery, devices or diagnostics. Clearly, their leadership, fit-for-purpose teams, and project management provided Invest NI great value through-out our engagement. We are very much looking forward to the next phase of the programme,” explained Sam Kinghan, Technology Manager of Health & Life Sciences, Invest NI.

Phase One, which started in July, 2009 included advising and assisting various university, medical institutions, and businesses to accelerate the asset commercialization process to stimulate foreign direct investment in the Northern Ireland life sciences community. Innovalyst screened and prioritized over 180 new technologies, helping to catalyze 11 R&D co-development or licensing agreements between pharmaceutical and biotech companies.

“Innovalyst was thrilled to participate in Phase One with Invest NI. Our people and approach clearly demonstrated excellence managing a program of this breadth and complexity.” stated Paul Domanico, Managing Partner, Innovalyst. “Assisting Northern Ireland in generating significant monetary investments for their intellectual property continues to build our Research Triangle Park-based global outreach.”

About Invest Northern Ireland
Invest Northern Ireland is Northern Ireland’s economic development agency. Its overall goal is to help create wealth for the benefit of the whole community by strengthening the economy and helping it grow. Invest NI supports business development, helping to increase export levels, attract high quality inward investment, and stimulate a culture of entrepreneurship and innovation. Invest NI is part of the Department of Enterprise, Trade and Investment (DETI). It is tasked with effectively and efficiently delivering the Government’s economic development strategies. For additional information please visit http://www.investni.com.

About Innovalyst
Innovalyst was founded in 2007 in the heart of Research Triangle Park, NC. Innovalyst is a life science consulting company focused on catalyzing innovation in product research, development and commercialization. Acting as a virtual accelerator, Innovalyst provides an extensive suite of capabilities that support our client’s asset commercialization goals. Innovalyst’s agile workforce includes four Managing Partners, eight Principals, and over a hundred Affiliates. Through its Intellectual Capital Network (ICaN), Innovalyst creates fit-for-purpose teams of industrial experts committed to aiding organizations develop competitive products, attract strategic partners, and overcome commercial barriers. Innovalyst’s pioneering business model, ICAN and proven methodologies distinguish it from other consulting companies. Innovalyst’s clients range from the world's Fortune 50 companies to those that are new to the business of health care, pharmaceuticals, or biotechnology. For more information please see http://www.innovalyst.com.

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Jack Perez
Innovalyst
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