Tyndall National Institute plans to launch 30 start-ups

Digital Hub based Tyndall National Institute plans to launch 30 start-ups. The Cork tech research centre aims to bring its headcount to 1,000 as part of its plan to double in size and impact over seven years.

The Tyndall National Institute in Cork aims to “double in size and impact” over the next seven years by creating hundreds of jobs and launching 30 new start-ups.

The institute is a leading European research centre focused on the information and communication technology (ICT) sector and is one of the largest research hubs in Ireland. As part of its ambitious new plans, Tyndall is aiming to prioritise not just the research side of its mandate but also the commercialisation of its work in order to create more jobs and businesses.

William Scanlon, chief executive at Tyndall National Institute, said its goal of launching 30 new start-ups over the seven years represented a significant uptick on the rate at which it had produced them so far.

“We’ve been tracking the number of new ventures since 2010, and three or four have been acquired by multinationals, some have graduated from here and are still trading and only two of them have ceased trading. “But it’s something that we need to do more of and it’s something that we’ve highlighted in the strategy and something I’m very focused on.”

This article originally appeared in The Sunday Business Post, you can see it in full at: https://www.businesspost.ie/technology/tyndall-national-institute-plans-to-launch-30-start-ups-57f2a0a9