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08/04/2016
WIT Secures €2.5m Expansion Investment From Enterprise Ireland
Waterford Institute of Technology (WIT) has secured a €2.5 million investment from Enterprise Ireland to expand its incubation facilities in ArcLabs Waterford.
The 1,000m2 extension will be developed on WIT's Carriganore campus.
It will allow the institute to double its capacity to support technology start-ups in the South East region.
The 20-month project will provide new offices as well as a supporting environment for an additional 100 people on the site.
Kathryn Kiely, Manager of Industry Services at WIT, said: "Through this €2.5m expansion we are doubling our capacity to attract entrepreneurs and start-ups to Waterford and the South East. At ArcLabs we support and develop the transformation of ideas and early stage technology into scalable, sustainable businesses.
"Over the past decade we have created an ideas, innovation and technology hub which offers an environment in which entrepreneurs, businesses and researchers can collaborate."
(LM)
The 1,000m2 extension will be developed on WIT's Carriganore campus.
It will allow the institute to double its capacity to support technology start-ups in the South East region.
The 20-month project will provide new offices as well as a supporting environment for an additional 100 people on the site.
Kathryn Kiely, Manager of Industry Services at WIT, said: "Through this €2.5m expansion we are doubling our capacity to attract entrepreneurs and start-ups to Waterford and the South East. At ArcLabs we support and develop the transformation of ideas and early stage technology into scalable, sustainable businesses.
"Over the past decade we have created an ideas, innovation and technology hub which offers an environment in which entrepreneurs, businesses and researchers can collaborate."
(LM)
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