RDC overview Sept 09

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Overview of Supports available in the Regional Development Centre

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RDC overview Sept 09

  1. 2. RDC – Overall Aim <ul><li>RDC acts as the Institute’s Innovation Support and Technology Transfer Organisation . </li></ul><ul><li>Makes available the skills, expertise and resources of the Institute for the wider benefit of the regional economy. </li></ul>
  2. 3. Range of Activities <ul><li>Research & Development and Technology Transfer </li></ul><ul><li>Entrepreneurial Development Programmes </li></ul><ul><li>Incubation Facilities for Technology Based Businesses </li></ul>
  3. 4. Incubation & Innovation Programme <ul><li>Established in 1989 on-campus </li></ul><ul><li>2005 – off-campus facilities in Drogheda </li></ul><ul><li>Self- Financing - €2m per year </li></ul><ul><li>Main Focus – </li></ul><ul><ul><li>High Tech Start-ups, </li></ul></ul><ul><ul><li>Knowledge Based </li></ul></ul>
  4. 5. Incubation & Innovation Programme <ul><li>15 technology start-ups: ICT, Renewable Energy, Film and Digital Content, E-Learning </li></ul><ul><li>Start-Ups are employing 40 people </li></ul><ul><li>Companies are engaged with DKIT through research, student projects, use of College resource and expertise </li></ul><ul><li>Occupancy Rate: 90% </li></ul>
  5. 6. Business Support Programmes <ul><li>Novation Enterprise Platform Programme (NEPP) </li></ul><ul><li>Pride Project </li></ul>
  6. 7. Novation Enterprise Platform Programme <ul><li>Focus on the Entrepreneur </li></ul><ul><li>Development of novel product/service in knowledge based/IT/Technology Sector </li></ul><ul><li>Comprehensive training in all aspects of setting up a business </li></ul><ul><li>Business Coaching and Mentoring </li></ul><ul><li>Hot-desking, Networking </li></ul><ul><li>Access to Academic Expertise </li></ul>
  7. 8. Novation Enterprise Platform Programme <ul><li>In the past, mostly ‘external’ entrepreneurs </li></ul><ul><li>Need to focus more on the ‘internal’ market </li></ul>
  8. 9. Results to Date – EPP 1st 8 years <ul><li>Across Wide Range of Progs – 430 Entrepreneurs to date </li></ul><ul><li>Flagship EPP: Supported over 80 High Potential Start-ups </li></ul><ul><li>Over 70% still in business </li></ul><ul><li>Employing over 400 people </li></ul><ul><li>Combined Sales in excess of €27m p.a. </li></ul><ul><li>Over €39m raised in Venture Capital Funds (e.g. Redmere and Digiweb) </li></ul>
  9. 10. Pride Project <ul><li>Open to Graduates of DkIT keen to develop their own business in North East Region </li></ul><ul><li>3 Months free business training and mentoring. </li></ul><ul><li>Free access to office space </li></ul><ul><li>Funding to develop their business concept </li></ul><ul><li>Opportunity to graduate to NEPP </li></ul>
  10. 11. Incubation Facilities <ul><li>Flexible Space on very attractive one year lease (€180/sq mt –all in). Max 3 years </li></ul><ul><li>24/7 Access </li></ul><ul><li>Serviced Front Desk </li></ul><ul><li>Free use of meeting rooms </li></ul><ul><li>Broadband –with ‘large pipe’ capacity </li></ul><ul><li>Virtual Incubation available </li></ul><ul><li>Resident Mentor /Advisor </li></ul><ul><li>Quality Public Space </li></ul><ul><li>Gives Residents a professional image </li></ul><ul><li>Satellite in Drogheda . </li></ul>
  11. 12. Incubation Programme <ul><li>Incubated 59 companies in RDC since 1989 </li></ul><ul><li>Currently: 15 companies employing 40 staff </li></ul><ul><li>8 start-ups in Hot-Desking at RDC </li></ul><ul><li>Incubated 5 companies in Millmount off-campus incubation </li></ul><ul><li>Incubation Support programme in place: </li></ul><ul><ul><li>Mentors </li></ul></ul><ul><ul><li>Clinics </li></ul></ul><ul><ul><li>Quarterly Reviews </li></ul></ul><ul><ul><li>Regular contact with ICM </li></ul></ul>
  12. 13. Applied Research with Industry <ul><li>FUSION programme (incremental – 18 Projects) </li></ul><ul><li>Innovation Partnerships (Significant – 20) </li></ul><ul><li>Innovation Vouchers – Enterprise Ireland €5,000 (20 projects) </li></ul><ul><li>Encouraging Academics to Commercialise – early days: Finding the Market? </li></ul>
  13. 14. ACE Project <ul><li>Strategic Innovation Fund Cycle 11 – HEA Preparing students for self-employment </li></ul><ul><li>Embedding enterprise modules into technology programmes </li></ul><ul><li>Student Enterprise Internship Programme – Peer to Peer Learning </li></ul><ul><li>Real Engagement of Industry </li></ul><ul><li>Strong Links between Academic Schools and Incubation Facilities </li></ul><ul><li>€ 3.9 million proposal: DKIT (Lead), ITB, CIT,ITS & NUIG. Matched funding secured from Higher Educational Authority and County Enterprise Boards </li></ul>
  14. 15. Innovation for Competitive Enterprises (ICE Project) <ul><li>Innovation Network </li></ul><ul><li>Building the innovation capacity and capability of existing SMEs </li></ul><ul><li>Northern Ireland, the Southern Border Region of Ireland and Western Scotland </li></ul><ul><li>Increasing their competitiveness. </li></ul>
  15. 16. Innovation for Competitive Enterprises (ICE Project) <ul><li>€ 2.5 million proposal: DKIT, University of Ulster and University of Glasgow </li></ul><ul><li>Aim to support 90 companies in 3 Regions over 3 years </li></ul><ul><li>Funder: EU Interreg IVA </li></ul>
  16. 17. Developmental Areas <ul><li>Digital Media – UU, NI Screen, Skillset and Adam Smith College in Scotland – Research, Enterprise Development and Skills Development </li></ul><ul><li>Innovation for micro- enterprises – cross border basis CEB and HEIs in East Border region </li></ul><ul><li>Family Business – Succession Planning </li></ul>
  17. 18. Thank you

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