OVER 115 new jobs are expected to be created in the field of enterprise by the University of Limerick over the next five years.
The Minister for Finance, Michael Noonan, officially opened the Tierney building at UL this Monday.
The state-of-the-art campus facility will house UL’s Innovation Centre and Lero – the Irish Software Engineering Research Centre. The UL Innovation Centre is the latest Enterprise Ireland campus incubation centre to be opened and will support the formation and growth of 35 new high potential start-up companies between 2011 and 2016, generating over 115 new high-value jobs.
Minister Noonan said the Tierney building will house “both cutting-edge software engineering research together with a centre that will support the growth of new high potential business start-ups.” T
he Tierney building is supported by Dr Dan Tierney, who is originally from Limerick, and is the chairman of Bimeda Holdings Plc. “The Tierney family are delighted to be associated with this new building that will be home to future generations of entrepreneurs and innovators,” said Dr Tierney.
Eight UL campus companies have been set up over the past five years, attracting in excess of €40 million in investment funding