23 October 2013 - Tyndall National Institute today announced the signing of a Memorandum of Understanding (MOU) with PCH International to support the generation and scaling of new high tech start-up companies in Ireland targeting the global market.
The announcement was made at the launch of Tyndall's 5-year Strategic Plan which aims to contribute to the generation of over 500 new jobs in high-tech start-up companies, new multinationals investing in Ireland, and established Irish companies.
The Tyndall National Institute is supported by the Department of Jobs, Enterprise and Innovation.
Welcoming the announcement, Richard Bruton T.D., Minister for Jobs, Enterprise and Innovation, said: "A key part of the Government's Action Plan for Jobs is our determination to build on the major successes in science, technology and innovation we have achieved over the past decade and turn more good ideas into good jobs. Tyndall is a top-class research centre which has established a global reputation over its decade in existence - today's announcement that in the next five years it plans to create at least 500 jobs in industry is an example of what we are trying to deliver across our research infrastructure. I wish Tyndall and PCH International every success with their partnership and look forward to working closely with them as they deliver commercial outcomes and ultimately good jobs over the coming years".
Speaking at the launch, Tyndall National Institute CEO, Dr. Kieran Drain said: "As part of our clear strategy to derive economic impact from research excellence, Tyndall is focused on generating employment and building capacity within the technology space across Ireland. Powerful synergies exist between Tyndall's skill in breakthrough ICT research and product development and PCH's world class design for manufacturing and delivery. Together we aim to provide end-to-end support for high-tech start-ups from concept to shelf, benefiting from PCH's insights as a market leader to extend commercial reach from Ireland to China and beyond."
The MOU provides for close collaboration between PCH's two programmes for startups, Highway1 and PCH Accelerator and Tyndall's international network of over 200 industry clients to identify market opportunities. Potential projects will target the electronics, medical devices, energy and communication industries with research and development at Tyndall's unique state-of-the-art research and pilot-line fabrication facilities in Cork.
Commenting on the partnership, PCH International CEO, Liam Casey said: "We are delighted to partner with Tyndall. The research work we have seen from them is world-class, particularly in the health and wellness market, and we are both focused on promoting successful high potential hardware startups. Tyndall's expertise in ICT hardware research, combined with PCH expertise in getting products to market, means that we are creating huge opportunities for entrepreneurs in Ireland to achieve success on a global scale."
Minister for Research and Innovation, Sean Sherlock T.D. added, "Commercialisation and market reach are key to deriving maximum value from research. The Tyndall-PCH partnership is a prime example of what can be achieved when industry and research institutes work together and will be a flagship collaboration for Ireland, working to incubate start-ups, provide better jobs and drive Irish and European competitiveness."
Established with a mission to support industry and academia in driving research to market, Tyndall National Institute is one of Europe's leading research centres in Information and Communications Technology (ICT) research and development and the largest facility of its type in Ireland. Established in 2004 as a successor to the National Microelectronics Research Centre (NMRC founded in 1982) at University College Cork, the Institute employs over 460 researchers, engineers and support staff, with a full-time graduate cohort of 135 students generating over 200 peer-reviewed publications each year.
With a network of 200 industry partners and customers worldwide, Tyndall generates around €30M income each year, 85% from competitively won contracts nationally and internationally. Tyndall is also a lead partner in European research partnerships in its core areas of ICT, communications, energy, health and the environment worth €44M, including €6M accruing to industry in Ireland (from Framework 7). Hosting the only full CMOS (metal oxide semiconductor) integrated circuit construction, Micro Electronic Mechanical systems (MEMS) and III-V Wafer Semiconductor fabrication facilities and services in Ireland, Tyndall is capable of prototyping new product opportunities for its target industries â€“ electronics, medical devices, energy and communication. Tyndall is a globally leading Institute in its four core research areas of Photonics, Microsystems, Micro/Nanoelectronics and Theory, Modeling and Design. Tyndall is the lead institution for the Science Foundation Ireland funded Irish Photonics Integration Centre (IPIC) www.tyndall.ie
PCH International creates, develops, and delivers the world's best products for the world's best brands. We offer transparent, sustainable product development and supply chain management services to a diverse range of clients, from Fortune 500s to innovative start-ups. Headquartered in Ireland since 1996, with operations in China, we believe geography is history. Our 5000 team members from 16 nationalities share the same purpose: Developing Partnerships Delivering Peace of Mind. www.pchintl.com