Cork life sciences hub gets €3m in funding
CorkBioHub, a new research and development life sciences facility, has been granted €3m in funding through the Regional Enterprise Development Fund (REDF).
The University College Cork-based hub, which can accommodate up to 20 start-ups, aims to attract and retain early stage life science companies in the South West region.
CorkBioHub co-director, Dr Mark Tangney, said: “The funding afforded through Enterprise Ireland will act as a catalytic enabler to the success of the CorkBioHub in supporting the growth of the indigenous biology-based start-up sector in Cork.”
The funding was announced by Minister for Business, Enterprise and Innovation, Heather Humphreys.
University College Cork and Cork County Council are the key founding partners of CorkBioHub, in addition to multiple regional enterprise and academic entities.