Tyndall National Institute have 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”.

The MOU provides for close collaboration between PCH’s two programmes for start-ups, 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.

Minister for Research and Innovation, Sean Sherlock T.D. commented, “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.”