Nexus Innovation Centre at the University of Limerick today marked its fifth year in business with the launch of its annual report by Minister for Training, Skills, Innovation, Research and Development John Halligan, T.D.
Since its establishment, Nexus has supported 76 start-up companies while employing over 310 people. In 2016 alone, the Nexus Centre led to the creation of over 149 high quality jobs in Nexus supported companies which have received investment in excess of €7.35 million.
The state-of-the-art campus facility opened in 2011 with support of €1.44 million from Enterprise Ireland and has supported a growing community of international entrepreneurs.
Over the last five years, Enterprise Ireland has provided funding in excess of €6.5m under the Commercialisation Fund, to aid the development and generation of spin-out companies.
Speaking at the launch today, Minister Halligan said, "Nexus has made a significant contribution to entrepreneurship, innovation and job creation in this region. The generation of new ideas and new companies at UL has far-reaching impacts, such as attracting foreign direct investment, driving innovation in our SME sector, attracting talent and contributing to our global reputation."
Source: www.businessworld.ie
