A NEW base for sustainable-energy companies could create 500 jobs over the next five years, Jobs Minister Richard Bruton has said.
Mr Bruton opened the Dublin City University (DCU) Innovation Campus on the capital's northside today, and said he hoped it would create 200 jobs in the first year and a half of its operation.
It aims to attract similar companies operating in the 'clean-tech' sector, which develops products and services focusing on water, waste, energy and emissions sustainability.
Mr Bruton said the Glasnevin campus would bring together start-ups and more established companies, as well as the research and development provided by DCU.
A number of companies have already committed to relocating to the campus, including utilities and energy management company Dalkia, whose CEO is former Dublin football boss Pat Gilroy.
Mr Bruton also announced a funding scheme for undergraduate students in DCU who want to start their own companies.
Teams of students can get up to €10,000 in funding from the 'UStart' scheme, which is backed by the Irish arm of investment bank JP Morgan.