THE UNIVERSITY of Limerick has outlined its ambitions to increase their number of spin-out companies by 25% over the next five years.
Minister for Skills, Research and Innovation, Damien English, launched UL’s roadmap for future growth and development to 2020, at the launch of Excellence & Impact 2020 – a research and innovation strategy.
Among its aims over the next five years are to increase in the number of doctoral enrolments by 20%, increase the number of employment-based and part-time doctoral enrolments by 100%, increase the number of publications in top 10 percentile journals by 30% and double its income from European funding sources.
Speaking at the launch, UL’s Vice President Research Dr Mary Shire said that “this is an exciting time for research and innovation at the University of Limerick”.
“Our new strategy focuses on research excellence and leveraging our position as the leader in translational research and partners of choice for industry while extending our global reach. We have a good track record for such a young University and with this strategy we are refocusing.
“Our outlook will be international, our ethos will be excellence with impact and our approach will be innovative,” said Dr Shire.
Other key targets include the desire to establish commercialisation and entrepreneurship training for all staff and students and expanded enterprise boot camp activities for second and third level students.
UL also wants to see a 25% increase in new spin-out companies and a 20% increase in research income from industry.
“UL has for long been regarded as a ‘university of enterprise’ in the Irish university landscape, positioning itself close to the needs of the enterprise base in Ireland, and this new research and innovation strategy is seeking to build on that innate capability,” said Minister English.