An Economic and Spatial Plan for Limerick Appendices

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Limerick 2030 An Economic and Spatial Plan for Limerick the City by taking ownership and responsibility for its future. LLH is based in Arthur’s Quay Shopping Centre and channels its work around four key pillars: Retail: The key aim of this pillar is to encourage retailers to work together in-order to create footfall in the City Centre. Tourism: The key aim of this pillar is to spread awareness of Limerick’s capacity to be a central hub for tourist activity. 3e’s (Enterprise, Employment and Education): The key aim of this pillar is to be a conduit or facilitator to help people find the education, employment and business support provision that they need. Community: The community pillar is a group dedicated to supporting projects that bring people together in a positive, socially beneficial way. It is not the intention of LLH to reinvent the wheel, rather their objective is to act as a conduit between existing bodies and agencies in Limerick who are already actively engaged in positive initiatives for the City. Local Heroes is currently in its early stages but it has held a number of public meetings, out of which emerged the four pillars as stated above. The knowledge Economy and Innovation There are a wide range of organisations across Limerick City and County that are actively involved in R&D and Innovation. This section explores the key organisations and research areas. The University of Limerick is recognised as an established and leading provider of education and skills. Links between UL and businesses are therefore very important to delivering the skills the economy needs and currently lacks. In addition to skills provision, the University of Limerick is also an important source of innovation and is adjacent to the National Technology Park, where over 3,000 skilled and highly qualified personnel are employed on site working mainly in ICT, materials, medi- tech and e-business related activities. The University has established a Knowledge Transfer (KT) Strategy that seeks to share innovations that will advance the economic, educational and social development of the region. A specific focus of the KT Strategy is technology transfer and commercialisation of intellectual property. As part of the strategy, the University of Limerick is home to the Nexus Innovation Centre, where a growing community of international entrepreneurs and start-up businesses are located on the University of Limerick campus. The ambitions of the Centre are to both accelerate the development of innovative business start-ups and to commercialise academic research. June 2013 34
Limerick 2030 An Economic and Spatial Plan for Limerick The University of Limerick Foundation was set-up in 1989 as a research commercialisations initiative with Bank of Ireland. The Foundation has €32m available to invest in and stimulate the growth of high potential start-up companies including research-based spin offs. The University of Limerick has a strong reputation as Ireland’s leading university research & innovation in industry-led research, and in particular in the areas of: Materials & Surface Science: Composite materials; nano-materials; solid-state pharmaceutical materials; catalysis and clean technologies; and bio-mimetic materials. Information and Communication Technologies: Software engineering; telecommunications and networks; and energy efficiency and thermal energy systems. Bioengineering & Biosciences: Micro-fluidics and biomedical engineering. Culture, Diversity and Social Change: Social identities; class, ethnicity and gender inequalities; historical processes; comparative literatures; law-in-action; and public policy and democratic performance. Energy: Biomass and biofuels; materials for energy; energy storage and generation; and evaluation and support of energy systems. Applied Mathematical Sciences: Mathematical modelling of fundamental problems in science, engineering and industry; and financial mathematics. Limerick Institute of Technology hosts a number of programmes designed to enhance and encourage innovation in business and these are explored in detail in the business support section. LIT also has a strong innovation focus amongst its students and awards an ‘Active Leadership in Enterprise Bursary’ of €50,000 each year to LIT students with a strong business idea. The LIT Research & Development Strategy identifies a number of key topic areas in which LIT resources are focused and these include: Biotechnology or Consumer Foods Renewable Energy Control Systems New Technology in Construction Internationally Traded Services Art and Design Within these key research areas and in other identified opportunities, LIT is constantly seeking to develop spin-out companies through the commercialisation of research. June 2013 35
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