Randox Founder is 2013 Innovation Founder Award Winner
Award recognises global success of NI diagnostic company
The 2013 winner of the Innovation Founder of the Year Award was today announced as Dr Peter FitzGerald, Managing Director of Randox Laboratories Ltd, one of the fastest growing diagnostic companies in the world.
Innovation Founder of the Year, part of the 25k Awards made by NISP CONNECT, recognises the efforts of entrepreneurs whose unique ideas and positive contribution to the community have helped put Northern Ireland innovation on the map.
The award, made following public nominations and a subsequent judging panel of previous Award winners, salutes Dr FitzGerald’s extraordinary contribution to biochemical research and the local economy.
Dr FitzGerald was working in the research department of Queen’s University Belfast when his passion for science and his observation of the ‘brain drain’ of young talented scientists prompted him to set up a local manufacturing facility for diagnostic products.
Starting in 1982 with six people, including three family members, he has grown the business to employ over 1,200 staff across headquarters in Northern Ireland and in Randox offices distributed worldwide.
The focus has been on the development of better, more sensitive tests for existing diagnostic parameters, and keeping abreast of new trends and developments by devoting 30% of the company’s revenue to research.
Dr FitzGerald will be formally presented with his award at this year’s 25k Awards Gala, being held at Titanic Belfast on September 26.
In honour of this year’s Innovation Founder the Award sponsors, Bank of Ireland, was today hosting a lunch in Belfast for Dr Fitzgerald and the ten 25k Awards finalists.
At the Gala, Dr Fitzgerald will join other special guests among an audience of around 500 executives, entrepreneurs, investors, service providers, and academics.
A few tickets for the event are still available by contacting Peter Edgar, tel: 028 9073 7809 begin_of_the_skype_highlighting 028 9073 7809 FREE end_of_the_skype_highlighting or email Peter.Edgar@nispconnect.org
Peter Edgar, NISP CONNECT programme manager, said: “Dr FitzGerald is a very worthy winner of this year’s award, which celebrates those who have successfully engaged in the commercialisation process to transform ideas into profitable science and technology business.
“By recognising Dr FitzGerald’s contribution to our knowledge economy, we hope to inspire others to begin their own entrepreneurial journey. Randox is a shining example of the talent, skill and drive which Northern Ireland can bring to the rest of the world.”
Ciaran McGivern, Head of Business Banking, Bank of Ireland UK, said: “This award is a wonderful opportunity for the Northern Ireland Business community to recognise an individual and position them as an inspiration for both current and future generations.
“Bank of Ireland is proud and delighted to support programmes like these, which encourage Northern Ireland to unearth, nurture and celebrate its entrepreneurial talent. These programmes provide tangible support for innovation and act as a catalyst for future economic development.”