Technology firm creates 37 new jobs in Cork
Around 37 jobs will be created at a new energy research centre in Cork, it was announced today.
The high-skilled positions will be developed over the next four years as part of a €15m investment from US firm United Technologies Corporation (UTC).
The company, which provides products and services to the building and aerospace industries, is setting up the centre as its European research hub for energy and security systems.
Enterprise minister Batt O'Keeffe said the base at University College Cork (UCC) is an endorsement of the country's talented workforce.
"UTC is among the world's most respected technologically driven corporations and it is a global leader in its field across a range of business sectors," he added.
"Today's investment is a unique opportunity for Ireland to partner with this global leader in advancing our research capability and creating high-value jobs in the clean technology sector.
"I am delighted that UTC has selected Cork's Tyndall National Institute in UCC, which specialises in information communications technology, to host the new centre."
The firm will also become the founding member of the International Energy Research Centre (IERC), a new initiative jointly funded by the Department of Enterprise, Trade and Innovation and the Department of Communications, Energy and Natural Resources.
The IERC will work with leading Irish firms and international researchers of sustainable energy systems.
Energy minister Eamon Ryan said the project is ground-breaking.
"This critical piece of research infrastructure for Ireland's smart economy has the potential to drive sustainability initiatives and lead to substantial future investments in Ireland," he added.
"I wish the project success and I hope it continues to develop in collaboration with universities and companies from around the world."
UTC employs around 200,000 people in more than 70 countries and has corporate research centres in the US and China.
About 74pc of the technical staff hold PhDs or advanced degrees - a profile expected to be replicated in the IDA-supported Cork base.