Funding of up to â¬3m for the Institute of Technology, Tralee was recently announced by the Chairman of Enterprise Ireland Mr Hugh Cooney. The announcement coincided with a visit to Tralee by the Chairman, CEO and board members of Enterprise Ireland on Wednesday 10th April where they held their board meeting for the first time at the Institute. Â The visit also included a tour of Kerry Technology Park, The Tom Crean Business Centre and research centres located at the South Campus.
The visit culminated in a lunch hosted by the Hotel, Culinary and Tourism Department which was attended by some of Kerryâs leading entrepreneurs as well as the wider enterprise community.
The funding includes â¬1.4m for Shannon ABC (Applied Biotechnology Centre), an industry focussed Research, Development and Innovation Centre that is a collaborative response from the IT, Tralee and Limerick IT to the needs of industry.Â The research group Intelligent Mechatronics and Radio Frequency Identification (IMaR) benefits from an investment of â¬1.2m.Â IMaR Technology Gateway is an amalgamation of two applied research centres located at the Institute, the Centre of Intelligent Mechatronics and Sensor Systems (CIMSS) and the Centre for Innovation in Distributed Systems (CIDS) each with complementary industry focused technology capabilities and a strong track record over a number of years of industry partnerships. The IMaR Technology Gateway will serve a cross section of industries including Automotive, Telecommunications, Pharmaceutical, Production / Manufacturing, Logistics, Aeronautical, Environmental and Agri-business.
The New Frontiers entrepreneur development programme funded by Enterprise Ireland and delivered at a local level by the Institutes of Technology has been secured at IT, Tralee for the next three years with funding of â¬750,000. The programme, run in collaboration with and Limerick Institute of Technology (LIT), aims to support the creation of 100 high value, knowledge based, Irish owned businesses, each year by equipping participants with the skills and contacts to help them start and grow a company. The New Frontiers programme provides budding entrepreneurs and start-ups with a package of supports including, â¬15,000 in funding, office space, mentoring and workshops, to help accelerate business development and equip the entrepreneurs with the skills and contacts needed to successfully start and grow a company.
Commenting on the announcement Dr Oliver Murphy, President at the Institute of Technology, Tralee said, âThe Institute is delighted to announcement this significant funding which will enable our research areas continue to benefit companies across the region in a number of sectors, while the New Frontiers funding will support local entrepreneurs set out investor-ready plans and financials associated with developing and commercialising their businesses on international markets. Â Shannon ABC, IMaR and New Frontiers support the Instituteâs vision of seamless integration of education and enterprise and a commitment to harnessing the synergies created to greatly enhance regional impactâ.
Jerry Moloney, Regional Director, Enterprise Ireland stated that these new funding streams will further enhance an already strong strategic partner relationship with IT Tralee, in delivery of research and entrepreneurship supports to the local and regional business community in Kerry and the South West & Mid-West Regions .