2 weeks Ago By Irishexaminer.com
A startup founder from Macroom in Co. Cork has been selected to showcase the life sciences company he co-founded at this year's Web Summit in November. Engineering and operations specialist Dermot O'Riordan co-founded Reso Health in 2020 with scientist Ken O'Shea to help improve workplace nutrition.
The company is working to provide access to proper nutrition to help with employee well-being and improve cognition, energy and resilience levels. Reso also aims to allow people to personalise health supplements and was born out of Mr O'Riordan's personal experience of struggling to work out which supplements were right for him. Attending this year's Web Summit in Lisbon, the company is currently fundraising ahead of a product launch next year.
Mr O'Riordan, who is chief operating officer of Reso Health, said the company currently has pilot trials agreed with firms across Ireland, the UK, the US, and Japan, with annual recurring revenue of €20m forecasted in the next four years. “We are absolutely thrilled to be selected for the Irish Startup Network initiative and to attend Web Summit this year,” said Mr O'Riordan. “Our goal for the future is to change the role of nutritional supplements and how they are used as part of daily health routines.
"With the ongoing debate of return to office protocols, there is massive pressure on employers to help employees maintain the healthier lifestyles and habits they have created in remote roles." Reso Health is one of 36 Irish startups that have been selected Ireland's tech innovation at this year's Web Summit in Lisbon. The firms, which cover a range of industries from medicine management and software development to femtech and using algae to fight climate change, will be featured at the 70,000-person global tech meet-up next month.
This year's cohort also includes Pillaxia, a Co Louth firm which aims to help patients manage their medication, while also including pharmacies in that process, and The Learning Reservoir, a firm founded by Galway native Dr Fiona Masterson to help people working in manufacturing gain the new skills and certifications required for their profession. Last year, Web Summit brought 24 Irish startups to Web Summit Lisbon as part of the Irish Startup Initiative. Since then, three have raised funding, Web Summit said, citing Crunchbase data, while others have signed commercial partnerships or sales deals.
Speaking on this year's upcoming Web Summit, CEO and Founder Paddy Cosgrave said that bringing Irish startups to Lisbon was a hugely important part of the company’s mission as an Irish business. “Web Summit has the world’s best tech networks, but we’re also an Irish startup ourselves. "I’ve experienced the challenges of growing and scaling an Irish business to global success: so it’s really important for us all here that we use our experience, our networks and our insights to help support future generations of Irish founders too.
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