Spin-Out Companies
Xcelerit was established as a CTVR spin-out company in October 2010. The company founders are CTVR researchers who had been conducting research in the field of software radio. Among the many challenges confronting them was the need to process large amounts of radio data in the quickest possible time. This led to the investigation of a variety of compute architectures
(multi-core CPUs, GPUs, CellBE, FPGAs, DSPs) and then the considerable complexity of programming them. As a result of their experiments, they quickly realised there could be a significant market opportunity for a simplified and unified method to leverage the compute power of these platforms for compute-intensive application areas, such as banking, oil exploration and the like ... and so, Xcelerit was born.
Xcelerit has developed a groundbreaking software framework which relieves the user of the complexity of programming multi-core processors by using a single high-level source code and automating low-level tasks.
Xcelerit is an outstanding example of the development of a technology company arising out of unplanned breakthroughs from research conducted in a completely different area. Thanks to the determination of the researchers, along with a little good fortune of course, they have developed a technology capability which is unique and highly desired, and they are well on their way to monetising this capability. They are working very hard to develop and expand their portfolio of service & product offerings - we wish them every success in their evolution.
www.xcelerit.com
More Spin-outs on the way...
We are currently working towards the creation of another two companies. The first will be based on a CTVR patent that enables optical networks to reconfigure on nanosecond time scales while allowing higher capacity channels to be supported. The business plan is in development with the company expected to be formed in early 2011.
The second is in the area of cognitive radio/reconfigurable communication systems. The relevant work is now being funded by Enterprise Ireland (the agency which supports commercialisation of research in Ireland) and a business plan is under development. The goal is to spin-out the company by the end of 2011.