More than €4 million in finding has been announced today for the Pairc na Mara and Portershed innovation hub in Galway city.
Galway West TD Seán Kyne announced €2 million in funding for the Údaras na Gaeltachta-led Pairc na Mara project planned for Cill Chiarain in Connemara.
The money will be used to create an 1,800m² dedicated marine development campus to incubate business enterprises that focus on the marine economy.
Through collaboration with regional stakeholders and the HEIs, the project will provide specialist training and business development supports.
Pairc na Mara will be Ireland’s first dedicated Marine Innovation Park with the development centre at the heart of the project.
Údarás na Gaeltachta are leading this development working with partners at GMIT, NUI Galway, BIM, and the Marine Institute.
A further €2.487 million in funding has been announced for the Portershed co-working and innovation hub in Galway city.
The Galway City Innovation District plans to use the money to refurbish the adjacent Stables building.
It will also be used to build three new floors providing co-working and event space for Technology and MedTech companies that are scaling up and graduating from the Portershed.
Residents of the Stables will benefit from access to customers, support from a broad community creators and innovators and links to funding agencies and investors in Ireland and globally.
This dynamic new workspace will also have state of the art facilities and a packed calendar of events.
These two projects are being funded under the second round of the Regional Enterprise Development Fund.
Deputy Kyne said that they were chosen for their, “clear potential to drive innovation and creativity in Galway and the West and encourage, nurture and sustain start-ups and employment which is fundamental to a successful economy and healthy society.”