Monday 22nd November 2010, ITB were delighted to launch the LINC with Guest of Honour Brian Lenihan, TD, Minister for Finance.
The LINC is the Learning and Innovation Centre at ITB, and links the Institute with the Business Community in the region. Through the LINC local business have access to skills and expertise of the Institute in a professional and cost effective manner. The LINC is being developed as a forum of excellence for innovation, creativity, research and enterprise focussed on developing high technology knowledge based companies.
Assumpta Harvey, Manager, The LINC, ITB, said at the launch “We are delighted to be here today launching the LINC Centre. The LINC has been part of the vision of ITB since the Institute opened in 1999 so it is great to see this vision finally being realised. The early stages of a company’s development can be very isolating. Research shows that businesses starting through an incubator have an 80% chance of survival in comparison to those outside an incubator who have a 50% chance of survival. So we know that the LINC will be a great asset to the local and regional economy assisting technology start-ups through the first three years of their business which can be very isolating whilst continuing to support more established businesses to link in with the academic community of the Institute.”
The LINC currently has 11 businesses inhouse including Íompar Logistics, Safefood 360o, Cloudium Systems, BH Consulting and Saticon.
Martin Lyes, Head of Research and Innovation at Enterprise Ireland said; “I would like to congratulate the LINC Centre on its success to date. Business incubation facilities like the LINC are a radical step in enabling companies in Ireland to achieve the kind of transformational change that is required to re-boot our economy. Enterprise Ireland is delighted to support this centre and its provision of an innovative environment for emerging Irish companies that they might otherwise be unable to access”.