In the last 15 years CIT’s Rubicon Centre in Cork Institute of Technology has nurtured 250 companies that have gone on to create more than 2,500 jobs.
Graduate companies from the Rubicon Centre have outperformed their international peers with 70% of them still trading. These companies have also attracted more than €100m in investment during this time — €750,000 alone was invested in the past month.
Manager of the Rubicon Centre Paul Healy said that, despite all of the economic turmoil over the past 15 years, the facility has fulfilled its brief, namely to support entrepreneurs.
“Tremendous credit is due to the sterling work of the entrepreneurs who pursued their dreams over the past 15 years and have since gone on to create over 2,500 jobs.
“These accelerator programmes that deliver practical hands-on assistance are having a profoundly positive impact in the early stages of development of these companies.
“I hope that 15 years hence we will have many more international success stories to applaud and celebrate in the region,” he said.
The president of CIT Dr Brendan J Murphy said that it was the bravery of the entrepreneurs, who took “the path less travelled,” that had contributed to the growth of the whole region.
“I am delighted to mark the successes of our past programme participants and the contribution that these entrepreneurs have made to the economic development of this region and, in many instances, further afield.
“The statistics over the years demonstrate the value-added nature of the enterprise activities that have been undertaken by the entrepreneurs that have completed CIT’s programmes,” he said.
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