Trinity launch Innovation Workspace to deliver €6m in investment

Trinity launch Innovation Workspace to deliver €6m in investment

Tangent, Trinity’s Ideas Workspace, a new cutting-edge innovation facility, co-located in the Trinity College Business School, has been officially launched by Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen.

Supported by the university’s Innovation Partner, Bank of Ireland, the new innovation space will invest €6 million in aspiring innovators and entrepreneurs by 2020. The space will be the home to all of Trinity’s world class innovation supports and education programmes and is open to all students, alumni, entrepreneurs and innovators.

The new facility has been specifically designed to foster the creation of ideas, with flexible workspaces and event space providing for co-working and innovation for all.

Trinity’s Tangent programme has already produced many successful student-led entrepreneurs including Foodcloud, Touchtech, Artomatix, Equine MediRecord and Change Donations. Following in their footsteps are 11 start-up companies that are taking part in Trinity’s LaunchBox programme. To coincide with the launch of Tangent, Trinity’s Ideas Workspace, the companies took part in a competitive pitch process this afternoon in front of an expert panel of judges. The winner will receive €3,500 in prize money, office space in Dogpatch labs, and a place on the international accelerator programme Tangent Pioneer.   

Tangent Pioneer allows Trinity student start-ups the valuable opportunity to learn how to operate on a different (more competitive) international market.  The four-day international programme will take place during the first semester (commencing 25th October). Bank of Ireland’s Innovation Lab New York will host the programme.

Speaking at the launch today, Provost of Trinity College Dublin, Dr Patrick Prendergast said, "Cultivating innovation and entrepreneurship is central to our education mission. Trinity is responsible for generating a fifth of all spin-out companies and is ranked number one in Europe for educating entrepreneurs. Trinity is also a proud member of the European Institute of Innovation and Technology (EIT), a unique EU initiative that boosts innovation and entrepreneurship across Europe. Tangent, Trinity’s Ideas Workspace provides a creative home with the right supports and investment to enable budding entrepreneurs to share ideas and succeed."

Source: www.businessworld.ie