Funding of €2.487 million for the PorterShed and €2 million for Pairc na Mara, the Udaras na Gaeltachta-led marine innovation park in Cill Chiarain, is included in the second round of the Regional Enterprise Development Fund. This significant funding will support jobs, businesses and innovation in the city and county.
€2.487 million in being granted to the PorterShed, the co-working and innovation hub in the Galway City Innovation District, to support the organisation’s ambition plans concerning the listed Stables building nearby. The PorterShed and the Stables are located on the 8.2 acre site regeneration site known as Project Ceannt for which public consultation is underway. Expansion of the PorterShed, which in recent weeks saw one of its tenant companies, Genesys, relocate and create 200 new jobs, would be an ideal complement to this new urban quarter.
A further €2 million is being allocated to the Udaras na Gaeltachta-led Pairc na Mara project which is planned for Cill Chiarain in Connemara. A dedicated marine innovation hub, Pairc na Mara is a collaborative project involving the Marine Institute, GMIT, NUIG, Bord Iascaigh Mhara, among others, and will be a hub for research and development and innovation for the marine sector for the West.
These projects have been selected because of 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.
The Galway projects are among a significant number of projects across the country that are being supported through the Regional Enterprise Development Fund being launched by my Cabinet colleague, Minister Heather Humphreys today.
Galway City Innovation District – The PorterShed
The GCID intends to refurbish the Stables building and construct on the site three new floors to provide co-working and event space for Technology and MedTech scale‐up companies graduating from the PorterShed and from other incubation hubs in the region. Residents of the Stables will benefit from access to customers, a culture of peer‐to‐peer support, a broad community of creators, innovators and entrepreneurs and links with funding agencies, venture capitalists and innovation hubs, regionally, nationally and globally. They will also benefit from access to mentors, a dynamic workspace, a packed events calendar and best‐in‐class facilities. The project sees the creation of an innovation district in Galway City with planned outreach to other towns and rural areas within the region, while also delivering economic benefits of attracting international investment interest. The project partners include: Galway City and County Councils, Shannon Commercial Properties, NUI Galway and GMIT.
Pairc na Mara
The development of a market‐focused Marine Innovation and Development Centre (MIDC) at the Páirc na Mara, a dedicated marine development campus, at Cill Chiaráin, County Galway. The project will provide 1,800 sq. metres of enterprise and incubation space for marine enterprises. Through collaboration with regional stakeholders and the HEIs, the project will provide specialist training and business development supports. Páirc na Mara is proposed as Ireland’s first dedicated Marine Innovation Park with the Marine Innovation and Development Centre (MIDC) as a key element. MIDC is being championed by Údarás na Gaeltachta. Project partners include Údarás na Gaeltachta, GMIT, NUI Galway, BIM, Marine Institute. The project proposes Ireland’s first dedicated Marine Innovation Park and is of strategic importance to the development of the Marine Sector in Ireland.