New Facility to Support Innovation - University of Limerick
The Tierney Building, University of Limerick
Minister for Finance, Michael Noonan T.D. officially opened the Tierney Building at University of Limerick in November 2011. This state-of-the-art campus facility will house UL’s Innovation Centre and Lero – the Irish Software Engineering Research Centre.
The UL Innovation Centre is the latest Enterprise Ireland campus incubation centre to be opened and will support the formation and growth of 35 new high potential start-up (HPSU) companies between 2011 and 2016, generating over 115 new high-value jobs.
Speaking at the launch, Minister Noonan said: “The Tierney building will house both cutting-edge software engineering research together with a centre that will support the growth of new high potential business start-ups. It is a tangible example of what we can achieve when Government, industry and our universities collaborate together.”
“Over recent years Ireland has built up a very impressive record in scientific research. If we are to get out of our present difficulties, we must now use this base to commercialise more ideas, create more Irish businesses, and attract and embed more multinational investment. Turning good ideas into good jobs: that is what SFI’s research centres, such as the Lero CSET, and funded teams are about, and that is what I am determined to achieve.” Minister Noonan added.
The objective of the UL Innovation Centre is to increase regional entrepreneurship with an international trading focus. It will provide dedicated business incubation space and support services for start-up companies whose activities are aligned with UL research strengths. The UL Innovation Centre offers dedicated units for supporting new technology based businesses together with two fully equipped research laboratory suites, boardrooms, meeting rooms and ancillary support services. The centre will facilitate the transformation of new knowledge into commercially viable opportunities and become a hub around which regional innovation is driven, organised and supported.