A €5m research, development and innovation building with the potential to create job opportunities for up to 600 people over the next six years has been opened by Minister for Education and Skills, Mr Ruairí Quinn at WITs west campus at Carriganore.
‘NetLabs’, which hopes to draw down European funding until 2020 promises more breakthroughs, discoveries and world-firsts’ by taking great ideas from the lab right through to the market place and that in turn will lead to job creation opportunities.
Opening of the new building at Carriganore Minister Quinn said, “Waterford Institute of Technology (WIT) and Telecommunications Software and Systems Group (TSSG) had worked hard to create an eco-system of education, innovation and creation in the South East and it is heartening to see the dividends of that effort in NetLabs.”
Over the past 10 years, WIT has been successful in securing more than €130m in research funding from national, EU and international sources and in particular in leveraging that funding to create real job opportunities in strategically important industries such as ICT, pharmaceutical and healthcare and advanced manufacturing.”
TSSG is a major driver in the emergence of a telecommunications industry in the South East. In the last five years alone, TSSG has secured funding in excess of €10m under the Seventh EU Framework Programme, making it one of the most successful ICT research centres in Ireland.