Waterford Institute of Technology (WIT) is a university-level institution in the South-East of Ireland with over 10,000 students and 1000 staff. WIT offers tuition and research programmes in various areas up to PhD level.

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WIT News

Over 1,000 small Irish firms have used a €5,000 Government innovation voucher which allows them to link with college researchers to solve business and technical problems, according to the Minister for Science, Technology and Innovation, Conor Lenihan TD. Minister Lenihan marked the 1,000th innovation voucher milestone at an event in the Government's indigenous job creation agency, Enterprise Ireland, in Dublin on Wednesday, 1 September 2010.

Enterprise Ireland manages the innovation voucher initiative on behalf of the Government. The innovation voucher enables small firms to access skills, knowledge and specialist facilities in Government-funded research institutions. Small Irish firms are now working with research teams in more than 41 research institutions - or so-called knowledge providers - across the island.

Waterford Institute of Technology has completed 144 innovation voucher projects since the initiative was launched three years ago and Minister Lenihan paid tribute to WIT when presenting awards to the top five knowledge providers.

He said the vouchers were an important early bridge between firms and academic researchers. 'The scheme has helped small firms to explore how they can play their part in building the knowledge economy. The vouchers have brought firms and researchers together in finding innovative ways to overcome challenges and give products a more competitive and commercial edge for the marketplace. The knowledge providers offer valuable advice and expertise to small Irish firms that want to scale their output and compete for business by adopting a more innovative approach," said Minister Lenihan.

The executive director of Enterprise Ireland, Feargal Ó Móráin, said: 'WIT has completed a remarkable level of innovation voucher projects with small companies, helping them to solve business and technical challenges and enabling them to move their business on to the next level through innovative practices.

'Enterprise Ireland is working with all the participating knowledge providers to ensure that small businesses in receipt of an innovation voucher get access to first-class human resources and equipment in 41 locations around Ireland.'

How to get involved in the Scheme:

To get an innovation voucher, a firm's project must require an innovative solution, provide additional value for the company and have ongoing benefits.   

Ror more information contact Tom Corcoran in WIT on 051-308975 or tcorcoran@wit.ie or see www.innovationvouchers.ie

The next call for applications opens on 1 October 2010.