Minister for Jobs, Enterprise and Innovation Richard Bruton TD, recently launched a new report which highlights the economic impact of NovaUCD, the Centre for New Ventures and Entrepreneurs, in Ireland and internationally. NovaUCD is part-funded by Enterprise Ireland and works closely with Enterprise Ireland’s Research and Innovation Division in the Technology Transfer and Commercialisation space.

The report, entitled NovaUCD - Celebrating 10 Years of Entrepreneurial Success 2003-2013 was published to coincide with the 10th anniversary of the official opening of NovaUCD.

At NovaUCD new high-tech and knowledge-intensive start-up companies are nurtured and supported to enable them to develop, grow and create jobs. UCD’s technology transfer team, which is responsible for the commercialisation of the intellectual property emerging from UCD’s world-class research programmes, is also based at NovaUCD.

Frank Ryan, CEO, Enterprise Ireland was interviewed as part of the report. He said, “The results of the NovaUCD economic impact survey are very positive and demonstrate that NovaUCD is a key component of Ireland’s technology transfer system and is an example of what we excel at here in Ireland.”

He added, “From Enterprise Ireland’s point of view our objective is jobs and increased exports and we welcome being involved in leading-edge applied science that can be commercialised. This is key for Enterprise Ireland and we believe an ecosystem that includes NovaUCD is very attractive and advantageous for the country.”

A video highlighting the results of the report is below: