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Creating a North West Regional Ecosystem for Innovation and Jobs

CoLab, the Innovation Centre at Letterkenny IT, has recently outlined substantial funding for 3 innovative projects designed to support the future success of the North West Regional Economy.

In association with IT Sligo, CoLab has secured over €1.2 million to deliver the next 3 years of New Frontiers, the successful Enterprise Ireland funded entrepreneur development programme. The WiSAR Lab at LYIT has been awarded €1m from Enterprise Ireland for a Technology Gateway Programme, building further on their existing Wireless Sensor Research Centre. Furthermore CoLab, in association with Northern Ireland Science Park, are partners in the £12m North West Regional Science Park project, funded by Interreg/SEUPB, this project involves bringing the world renowned and highly successful Northern Ireland Science Park brand, operating model and support programmes to Letterkenny and Derry.

This total funding endorses LYIT’s approach to regional development, combining the successful provision of specialised knowledge, research and enterprise support for technology and life science entrepreneurs at CoLab.  The Innovation Centre opened in 2009 and is currently operating at full capacity.

Twenty eight (28) high-growth, technology-based, internationally-trading enterprises employing 110 graduate knowledge workers are currently based at the centre.

“Our focus at CoLab is to continue to offer a positive innovation ecosystem of supports for technology entrepreneurs in order for their ideas to be commercialised. We have a very high standard of entrepreneurs with world class ideas and talent right across this region ” explains CoLab Manager, Patsy Donaghy. “We are seeing the benefits first hand of how offering relevant knowledge coupled with strong networks with government agencies, businesses, research centres and the NW community is working proactively to help new entrepreneurs achieve success. Many of the businesses located at CoLab are presently expanding nationally and globally.”

CoLab has recently launched a new website with details of the centre, clients and what is on offer, visit CoLab www.co-lab.ie.

For more information contact Patsy Donaghy, CoLab Manager, 074 91 86703, Patrick.donaghey@lyit.ie or visit www.co-lab.ie.

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