The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, visited Waterford Institute of Technology’s (WIT) ArcLabs Research and Innovation Centre on Monday, 25 June. Mr. Bruton was in the South East to announce 75 new jobs for the Region.
ArcLabs Research & Innovation Centre is a hub for entrepreneurs and early-stage ventures and provides them with the support needed to achieve success in national and international markets. The Centre accelerates their business growth by providing business advisory services and access to the R&D resources of Waterford Institute of Technology.
ArcLabs is also home to leading ICT research and Innovation centre and WIT’s largest research group, Telecommunications Software and Systems Group (TSSG) along with a number spin-ins and spin-outs of the ICT and other industries.
In total, eleven High Potential Start-Ups (HPSU) have spun out of TSSG. The research centre, with 100 full time research staff, ground-breaking scientific research, links with national and international funding agencies and international networks of industry partners and academic research centres, is a world leader in communications networks and mobile services.
Over the last ten years, TSSG has developed a mobile service cluster in Waterford which has had a direct economic impact through collaboration with over 100 Irish companies and the creation of spin-outs which in turn helps create jobs within the South East and beyond.