Funding for Hoop Medical

During 2022, Research, Development & Innovation funding of €154,226 was secured from Enterprise Ireland for Wexford Local Enterprise Office (LEO) client Hoop Medical Ltd, Ardcavan Business Park, Wexford, which specialises in the development and manufacture of advanced medical balloon components for the global medical device industry.

This funding will assist the company not only to develop new innovative processes but also to become the knowledge centre of bespoke medical balloon manufacturing globally.

Currently employing 25 people, expansion plans will result in staff numbers increasing to 50 within the next 18–24 months. n

The Local Enterprise Office Student Enterprise Programme for its 21st year this year has added three new awards. See link below for details: https://www.studententerprise.ie