LIMERICK could be set for a twinning arrangement with a town in California, following the signing of an agreement.
The city’s relationship with some of the most influential business executives in the world has been copperfastened following the signing of a ‘Memorandum of Understanding’.
Limerick City Hall was packed for the formal signing between the Irish Technology Leadership Group (ITLG), Limerick’s local authorities, the Chamber of Commerce, LIT, Shannon Airport and UL.
The purpose of the agreement is to provide Limerick with a gateway to America’s Silicon Valley through trade and business opportunities.
On top of this, Limerick and the Californian technology zone will share resources, and allow a swapping of resources and expertise.
According to the agreement, Limerick will be promoted as a European technology cluster.
Corbally businessman John Hartnett, who signed the agreement as ITLG president, said: “This is a combined effort, and it demonstrates how well Limerick works together when it comes around the table to make an event happen.”
He said the talent in the region is “absolutely phenomenal”, something evidenced by a young innovators event which took place in Shannon Airport on Monday.
“It is a delight to see in the Silicon Valley how this can be demonstrated when the likes of the Collison brothers come over and create one of the top companies in the world,” he added.
Also signing the memorandum were Cathaoirleach of Limerick County Council, Cllr John Sheahan, LIT president Maria Hinfelaar, on behalf of the Chamber, Shannon, and UL, as well as Mayor Kathleen Leddin.
She said: “It is very heartening to see an event of the scale and significance of the Global Technology Leaders Summit being brought to the Limerick and Shannon Region. The huge interest shown in this summit is testament to (Mr Hartnett’s) efforts, and indeed, this region’s growing reputation for indigenous talent, entrepreneurship, innovation and investment.”