Cork Chamber, the voice of business in Cork, has welcomed the announcement of Cabinet approval for €100 million in funding to support the expansion of the Tyndall National Institute at University College Cork, describing it as a transformational investment in Ireland’s national research and innovation capability.
Cork Chamber CEO, Conor Healy, said, “The funding announced today to support the expansion of the Tyndall National Institute represents a highly significant investment in Ireland’s deep-tech research infrastructure and a clear vote of confidence in Ireland’s ability to lead in advanced and emerging technologies at a European and global level.
“As Ireland’s largest deep-tech research centre and one of the State’s five National Research Laboratories, Tyndall plays a critical role in advancing integrated ICT, photonics and electronics, underpinning growth across some of the most strategically important sectors of the future, including AI, semiconductors, quantum technologies and advanced manufacturing. Strengthening this capability is essential to ensuring Ireland remains competitive in an increasingly complex and technology-driven global economy.
“The Cork region is already home to a thriving tech ecosystem; the investment announced today will strengthen the region’s capacity to deliver a highly skilled workforce, ready to drive innovation in new and existing industries. Investment at this scale in national research capacity ensures that both Cork and Ireland as a whole are future-ready, poised to support innovation and growth in a dynamic and evolving tech sector.
“Ireland’s success as a location for high-value, innovation-led industry is built on strong collaboration between the business community and world-class education and research facilities. Today’s announcement reinforces that model and will ensure that Cork and Ireland remain attractive for both emerging and established industries to grow and scale.”