The opening of LIT's new €3.25m Questum enterprise centre in Clonmel is expected to provide a huge boost to the town's economy.
Located at Ballingarrane Science and Technology Park, the centre, which will focus on promising early-stage innovative companies, is a partnership between LIT and Tipperary County Council.
Questum has already begun to generate significant economic benefits, with clients of the centre numbering some of the most innovative businesses in the region, including OneBox Vision; Covectra; Eirchrom; Anu Pictures; Gravitate; Vision ID; A&C Chemicals Europe and Commitas.
The centre was officially opened by Minister of State for Employment and Small Business, Pat Breen (pictured), who described Questum as a great example of what can be achieved through collaboration.
The partnership between LIT and Tipperary County Council has already resulted in in excess of €3.5m in annual economic impact from the 23 high value jobs already created by its new resident clients.
Questum is the first centre of activity on the 300 acre Ballingarrane Science & Technology Park, 50 of which is owned by the IDA, and it is envisaged that there will be spin outs from Questum who will help to further develop the park as they grow.
Clients in Questum have the option to occupy one or more of 16 plug-and-play office suites in the 18,500-square foot building with a co-working space for the new LEAP Startup Programme participants. The centre offers a broad range of services, including access to an intellectual property advisor, mentoring, access to professional service providers, community networking events, investor matchmaking and more.