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IT boost for Cork

Written by Síle Cleary

Thursday, 06 March 2008

The Minister for Enterprise, Trade & Employment, Micheál Martin TD announced on Thursday last (February 28) details of Enterprise Ireland’s €50 million boost to regional economic development which is set to hugely benefit Cork IT.

Cork IT is eligible for a share of the €50 million which will support enterprise-focused activity in Cork and the surrounding areas in from of; funding the purchase of industry-relevant research equipment, providing more incubation space for start-up companies and establishing market-focused research groups in Cork IT.

Minister Martin said, “Balanced regional development is a Government priority and the Institutes of Technology have a unique and critical role to play in achieving this goal.

The Government Strategy for Science, Technology & Innovation recommended that we focus on building up the research and innovation functions of Institutes such as Cork IT so that it can nurture new start-up companies and develop innovative solutions for existing companies in Cork and the surrounding areas”.

In addition, Feargal Ó Móráin, Executive Director of Enterprise Ireland said, “Enterprise Ireland has invested over €100 million into the development of strong companies in locations around Ireland through our programmes in the Institutes of Technology.

“We see Cork IT as a key partner in our effort to increase productivity, exports and jobs in towns around Ireland”.

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