Vision 2030 Jan. 2012 | Page 77

Purpose built office buildings such as the Synergy Centre at the Institute of Technology Tallaght (ITT) house a multitude of dynamic start-up companies that have the added advantage of working alongside the Higher Education Institutions (HEIs), offering the opportunity for mutually beneficial project collaboration. According to Nick Mernagh, Manager of the Synergy Centre, ITT Tallaght, Many of the successful new businesses that emerge from these centres have done so on foot of the Enterprise Platform Programme (EPP), funded by Enterprise Ireland. • • • • • • • In order to be eligible for the EPP, entrepreneurs must have a well-thought out innovative business idea or technology that has the potential to be developed into a High Potential Start-Up (HPSU) company. In order to become a HPSU and avail of Enterprise Ireland’s excellent HPSU supports, a company must demonstrate, through an investorready business plan, the capacity to generate either €1 million in revenue or 10 jobs within 3 years. They should also produce innovative products for export or be involved in trading an international service. “Innovation is a real driver of growth in Ireland. The Institutes of Technology are playing a leading role in nurturing innovative start-up projects”. EPP programmes are administered in • • • • • The Synergy Centre, ITT Tallaght The Create Programme, IADT The Hothouse Programme, DIT The South East EPP, Waterford IT The LEAP Programme, Limerick IT The Genesis Programme, Cork IT The Ceím Programme, IT Sligo & IT Letterkenny Midlands Innovation & Research Centre, Athlone IT & Galway-Mayo IT The Carlow EPP, IT Carlow The Novation Programme, Dundalk IT The Endeavour Programme, IT Tralee The LINC programme, IT Blanchardstown The access to training, incubation units and the support networks of mentors, venture capitalists and academics, that the EPP programmes in these incubation centres provide have given rise to a number of internationally successful Irish businesses. 75