Minister Martin welcomes 170 new jobs in ¤50m expansion of Tyndall National Institute, Cork
The Minister for Enterprise, Trade and Employment, Micheál Martin, TD, has announced the Tyndall National Institute, Ireland's largest Information and Communications Technology (ICT) Research Centre, is to create 170 additional research positions as a result of a ¤50 million expansion programme.
The investment at the Institute's facilities at its Lee Maltings location in Cork will create a landmark complex of some c 170,000 sq. ft. including a new laboratories building and a substantial upgrading of the existing infrastructure. Dedicated space for industry researchers and a new incubation facility to provide appropriate accommodation and support to start-up companies in the ICT area are also incorporated.
Minister Martin said: "This expansion will confirm Tyndall as a world class research facility. The institute has a current employment level of 330 researchers (including almost 100 PhD students) and is a significant employer in the area. The new investment programme will allow the Institute to significantly increase its researcher numbers to 500 within the next four years, at which point (2011) Tyndall will be generating over ¤40m of research income annually."
Tyndall is one of Europe's leading research centres, specialising in hardware for ICT. It was established in 2004 as an initiative of University College Cork (UCC), the Department of Enterprise Trade & Employment, and Science Foundation Ireland.
It brings together researchers from the University College Cork, the Cork Institute of Technology and the National Microelectronics Research Centre.
Tyndall undertakes collaborative research and related work for some of the world's leading ICT companies including Intel, Analog Devices and Hewlett Packard, as well as providing vital support to Irish high-tech companies.
Minister Martin said since it was established the Tyndall Institute has moved Ireland up the ICT value chain. "This expansion will ensure that Ireland continues to offer top class research facilities and graduates to companies which are pushing the boundaries in many areas of science. The Institute is playing an important role in ensuring that the goals of the Government's Strategy for Science and Innovation are met. In particular our aim to double PhD numbers by 2013."
ENDS/ETE1760
Minister Martin will be available for media interviews at 11am this morning at the Hibernian Group’s New Cork Office, 89/90 South Mall.
For Further Information, contact:
Department of Enterprise, Trade and Employment - Press Office, Tel: 01- 6312200
Pat Casey - Casey Communications, Tel: 021 4272224 / 087 2483773
Last modified: 29/06/2007
| © 2012 Department of Jobs, Enterprise and Innovation | Privacy Statement |