Minister Martin Announces €50 Million in Regional Enterprise Funding

28 February, 2008

The Minister for Enterprise, Trade & Employment. Micheál Martin TD today announced details of Enterprise Ireland's €50 million boost to the development of enterprise in the regions through the Institutes of Technology.
He made the announcement as he officially opened Synergy Centre, a campus incubator that provides office space and business support to start up businesses at the Institute of Technology in Tallaght which was funded by Enterprise Ireland.
The €50 million will support enterprise-focused activity in three ways;
  • Funding the purchase of industry-relevant research equipment
  • Providing more incubation space for start-up companies 
  • Establishing market-focused research groups in the Institutes
Welcoming the Minister's announcement Feargal Ó Móráin Executive Director, Enterprise Ireland said;
"Enterprise Ireland has invested over €100 million in enterprise-focussed programmes delivered through the Institutes of Technology. Synergy Centre at IT Tallaght is an excellent example of how this investment supports high technology and knowledge intensive enterprises that have real potential to foster innovation, create jobs and generate export potential. We see IT Tallaght and the other 13 Institutes around the country as key partners in our effort to increase productivity, exports and jobs in towns around Ireland".
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