The growing status of the life sciences industry has been boosted by Cork company EireChrom which describes itself as a recognised leader in their chosen field.
That field — mass spectrometry — has uses across a range of sectors including the pharmaceutical industry, food and beverage and biopharma and drug discovery.
Since being established in February 2013, EireChrom has gone about growing the business with considerable success.
Year-on-year increases in both turnover and profit have marked its progress over the past two years.
Further expansion into the UK and new markets such as the Nordics is on the cards in 2016.
Another goal the company, led by chief executive, PJ Moloney, is hoping to achieve is to be named among Enterprise Ireland high potential startups (HPSU).
HPSUs are start-up businesses with the potential to develop an innovative product or service for sale on international markets which could create as many as 10 jobs and deliver €1m in sales within three to four years of starting out.
Doing so would be the next step along the road for Mahon-based company which in June 2014 was accepted onto the Cork Competitive Feasibility Fund through Enterprise Ireland.
In August of last year, EireChrom won a share of the IE Domain Registry’s €150,000 Optimise Fund as well receiving €25,000 from the Ryan Entrepreneurship Fund.
The recognition of being named a finalist in the Emerging Category of this year’s Cork Company of the Year Awards is one Mr Moloney and his team of three are delighted to receive.
“It is an absolute privilege to be shortlisted for such a prestigious business award. Just looking at the calibre of companies that have been listed in the emerging category in the past has really given the staff a lift in EireChrom,” Mr Moloney said.
Having added elearning offerings to its website during the year and broadened its presence on social media, 2016 will see the advent of the EireChrom iPhone and Android apps to exploit the growth trajectory mobile now provides.
In the complex world of mass spectrometry EireChrom’s goal remains unchanged in 2016: simply, to be the best.
© Irish Examiner Ltd. All rights reserved