Irish Innovation: Richard Bruton, enterprise, innovation and jobs minister, today launched a Big Data research centre known as the Insight Centre for Data Analytics which under the control of Science Foundation Ireland, the State agency, is a joint project between DCU, NUI Galway, UCC and UCD, Insight, and other partner institutions, "brings together more than 200 researchers from these and other higher education institutions, with 30 industry partners, to position Ireland at the heart of global data analytics research." There are lots of aspirations for Ireland to take on the world but no performance metrics.
The Centre will receive funding of €58m from the Department of Jobs, Enterprise and Innovation through SFI’s Research Centres Programme, along with a further contribution of €30m from 30 industry partners.
Insight will work with more than 30 industry partners, ranging from small Irish startups to established SMEs and large multinationals, "on a range of projects to advance data analytics technologies in Ireland. Industry partners include RTÉ, The Irish Times, Cisco, Microsoft, Alcatel-Lucent, Santry Sports Clinic, the IRFU, Avaya, TE Labs, TreeMetrics, NitroSell, Avego, UTRC , Shimmer and many more."
This is another collaboration project where no one firm has the confidence to invest alone and the big number involved is unusual. We have asked the Department for details on what happens when the money runs out and the basis of the investment split?
The Government said Insight will lead to the creation of 300 direct jobs, as well as to the training of the next generation of data analytics experts. "Over the next six years, Insight research is expected to result in 12 new spin out companies, approximately 50 patent filings, and over 50 technology licenses, leading to thousands of indirect jobs in the data analytics sector."
The OECD said in its Economic Survey of Ireland 2013:
This week it was announced that the Cork-based quality management software firm Qumas has been acquired by a US buyer for $50m (€36m) - - this is the typical route for an Irish high tech firm with potential.
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