Business

Saturday 21 October 2017

Gilmore buys into HiberGene

Earlier this month, a spin-out from Belfast's Royal Victoria Hospital, HiberGene Diagnostics, announced it had raised €2m in funding. The company has developed molecular tests for detecting infections such as Meningococcal Meningitis.

The company is based in Dublin and secured €500,000 from Kernel Capital via the Bank of Ireland MedTech Accelerator Fund. Enterprise Ireland and private investors stumped up the remainder.

Among those who have injected funds into the health firm are the co-founder of OpenHydro, Brendan Gilmore, the well-known financier. His daughter Jennifer, a doctor, has also invested in HiberGene.

Others who've backed HiberGene include the Spollen family behind the Castle Paints business in Tullamore, Co Offaly.

New Yorker Alan Repko has also invested. He moved his telecommunications firm - and himself - to Ireland in the 1980s. He featured in a 'New York Times' piece on the upmarket Dublin suburb of Dalkey, in 2013, where he was selling his home.

Irish Independent

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