Dempsey considering research facility

COMMUNICATIONS Minister Noel Dempsey is considering establishing a new research facility of the site of the defunct Media Lab Europe.

MediaLab Europe (MLE), which was based in south inner city Dublin, was placed into voluntary liquidation last month after swallowing €35.5 million of taxpayers’ money and causing the loss of 50 jobs.

The joint venture with American university, the Massachusetts Institute of Technology, also raised €12m in funding from private investors. A rescue plan by the board, which sought another €9 million to save the project, was rejected by the Government.

However, replying to parliamentary questions in the Dáil on Tuesday, Mr Dempsey said he was looking at new options for the site including a new research venture.

“I am considering the options for a new research entity at the MLE facilities. Issues being addressed

include the need to secure the following: greater focus on sustainable research and more directive research in a new business model; better links to Irish universities and third level institutions generally, along with improved corporate governance in accordance with general guidelines for State bodies and effective management.”

Mr Dempsey said there was a need for a major research and development facility in Ireland given the importance of the technology sector to the Irish economy.

Mr Dempsey also outlined plans to initiate a consultation process which the Government will then consider before making a decision on a research entity.