TCD-UCD ‘innovation alliance’ expected to cost over €1bn

Ireland“A joint venture between Trinity College (TCD) and University College Dublin (UCD) is likely to have a price tag of more than €1bn over a period of 10 years. The alliance between the two universities, which was launched last March, was accompanied by claims that it could lead to the establishment of 300 new ‘high-value’ companies over 10 years, creating up to 30,000 jobs by 2018. According to a draft version of UCD’s strategic plan to 2014, obtained by the Sunday Tribune, the cost of realising the UCD/TCD ‘innovation alliance’ project is set at €650m over 10 years. But it could also involve significant extra investment from the private sector during that time …” (more)

[John Downes, Sunday Tribune, 31 May]

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