Research


23
Nov 13

Ireland is Europe’s Most Entrepreneurial Country: Fact or fiction?

A survey of venture capital per capita suggests that Ireland is “Europe’s most entrepreneurial country.” Is this a fact or a fiction?

Earlier in the week, we reported that the European Commission’s top 1,000 corporate R&D spenders included 16 Irish companies – - which last year was a big factor in Ireland being included in a fantasy ‘Innovation Indicator.’ This issue was easy to explain as most of the companies were American and were nominally ‘Irish’ because of the location of their headquarters in Ireland for tax purposes, while most or all of their R&D was not done in Ireland.    

Last July we reported on an officially financed study: Number of early-stage entrepreneurs in Ireland is low and falling

The Irish Venture Capital Association said [pdf] in a Pre- Budget submission last September, that of course was in a pleading mode: “The shortage of entrepreneurs has reached crisis levels as evidenced by the findings from The Global Entrepreneurship Monitor.”

“Ireland is becoming a ‘development ghetto’ with high growth start-ups doing development here but building other functions e.g. sales and marketing elsewhere. Many of these companies are becoming Irish in name only and the opportunity to build essential skills in Ireland is lost.”

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17
Nov 13

Up to 77 Jobs to be Created at New €29m Research Centre

New marine renewable energy research centre to receive €20.5mIreland could be set for a leading role at the new energy research centre at University College Cork.

A new €29 million research centre could put Ireland at the forefront of the marine renewable energy research sector.

Up to 77 jobs will be supported at the SFI Research Centre, Marine Renewable Energy Ireland (MaREI), at University College Cork (UCC).

It is being funded by €19 million from the Department of Jobs through Science Foundation Ireland (SFI) with a further €10.5 million from 45 industry partners.

Research Minister Sean Sherlock said the investment has the potential to position Ireland at the forefront of the marine renewable energy research sector globally.

He said: “By making Ireland an international focal point for the marine renewable industry, MaREI will help create solutions for the marine energy industry to meet national and international sustainable energy demands, and ensure that jobs created in this sector benefit the national economy.

“MaREI will prepare ocean technologies for market by removing technical and commercial barriers, and will directly create companies and jobs, thereby serving as a catalyst for Ireland to establish a safe, sustainable and profitable energy supply for domestic use and for export.”

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18
Oct 13

€52m Project will Create 220 Jobs

ULA €52m research and teaching project at the University of Limerick has been described as one of the most significant investments in science and engineering ever in Ireland.

More than 220 new jobs in teaching and construction will be created by the Bernal Project which is designed to give Ireland the edge in research in the pharmaceutical, biomedical and energy sciences.

The project was officially launched by Taoiseach Enda Kenny yesterday.

“Today is an exceptional day not for Limerick and the mid-west but for the entire country,” Mr Kenny said.

“This project is exactly the kind of development Ireland needs as we continue to enhance our attractiveness as a location for inward investment and jobs in research and development,” he added.

SKILLED

Some 75 long-term research and teaching jobs will be created and an estimated 150 construction jobs.

The Bernal Project involves the recruitment of 10 leading professors, from some of the top 100 ranked universities in the world.

According to Dr Mary Shire, UL vice president of research, the project will have a major impact in promoting Ireland as a location for investment.

Meanwhile, there was further good news on the jobs front as more than 100 new highly skilled positions are to be created with the opening of a €10m expansion at Alltech.

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16
Jul 13

€3.5 million R&D Campus for Kilkenny.

JJ WorrallPlans for a €3.5 million “innovation hub” redevelopment of a section of the Smithwick’s St Francis Abbey Brewery site in Kilkenny were unanimously approved at a joint meeting of Kilkenny County and Borough Councils yesterday evening.

Kilkenny County and Borough Councils are proposing the transformation of the site’s brewhouse and maturation buildings as part of the project, with the local authorities having purchased 12 acres of the facility from Diageo for €2.1 million last year.

The 5,000 square-metre brewhouse and 1,000 square-metre maturation buildings will undergo the first stages of their redevelopment early next year at a combined cost of €600,000.

Kilkenny county and city manager, Joe Crockett told The Irish Times that the brewery site – parts of which are over 300 years old – occupies a “prime block of land”, with the €3.5 million set to help “transform” the “fine industrial buildings” into the new R&D centre.

Crockett said the facilities will also be open to “major Irish technology companies” and act as “a foreign direct investment location” to boot.

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25
Jun 13

Govt pumps €21m into Enterprise Ireland fund to commercialise third-level research

Govt pumps €21m into Enterprise Ireland fund to commercialise third-level research

Govt pumps €21m into Enterprise Ireland fund to commercialise third-level research

The Irish Government is to pump €21m into Enterprise Ireland’s Commercialisation Fund to support the commercialisation of further third-level research in 2013. The goal of the funding is to speed up the development of innovative new products and services and increase the number of new technology-based start-ups spinning out of third-level institutes.

Ireland’s Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, announced the funding this morning.

According to Bruton, Enterprise Ireland’s Commercialisation Fund will be available to researchers in the third-level sector to commercialise ideas and inventions at all stages of development.

Spawning new Irish start-ups

The ultimate goal is that this research will help to spawn new start-ups and new industries – and ultimately, jobs.

Enterprise Ireland awards such commercialisation funding to projects that are addressing a gap or need in the market by developing innovations that will ideally be ready for licensing to Irish industry or may form the basis of a new start-up company in two to five years.

“Over the past decade, Ireland has built a system of research and innovation that ranks extremely well internationally – the challenge now at a time of jobs crisis is to put in place measures that will turn these achievements into economic growth and jobs,” said Bruton this morning.

“This fund will provide support for projects seeking to take innovations and develop them into commercial products and services that can sustain businesses and ultimately create jobs,” he said.

So far this year, Enterprise Ireland has funded 24 commercialisation projects valued at €5.3m across a wide range of areas, including ICT, life sciences, food, manufacturing, engineering and energy.

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