Cork’s Tyndall National Institute and PCH International sign Memorandum of Understanding to support high tech start-ups, increased FDI and established indigenous industries


Fine Gael Cork South Central Deputy, Jerry Buttimer TD, has today (Wednesday) welcomed the signing of a Memorandum of Understanding (MoU) between Cork’s Tyndall National Institute and PCH International which aims to support 500 new jobs in Ireland over the next five years.

The MoU, which was signed this morning at the launch of Tyndall’s five year strategic plan and attended by Deputy Buttimer, will support new high tech start-ups, multinationals investing in Ireland and already established indigenous industries to reach their full potential and expand into new markets.

“The coming together of these two giants marks an exciting time for both companies. Tyndall, which is based in Cork and employs more than 460 researchers, is one of Europe’s leading research centres in ICT and is the largest facility of its kind in Ireland. PCH International’s reputation for quality product development has brought it to a point where its portfolio ranges from innovative start-ups to Fortune 500 clients.

“Supporting companies and partnerships such as this is key to building on the job creation progress that we have made in the last two and a half years. Through the action Plan for Jobs we have been seeking out the most effective ways of developing the industries, such as ICT, science, tourism and agri-food that have significant growth potential.

“This agreement comes on the opening day of the Enterprise Ireland Med in Ireland Conference 2013, which sees 340 buyers from medical technology companies coming together, including the global top 10 who represent 50% of the world’s medical tech purchasing power. This indicates the attractiveness of Ireland for big multinational and global enterprises and their willingness to judge Ireland not by our size but by our ability to deliver.

“Budget 2014 introduced a range of tax measures to support industry and to encourage entrepreneurs to start their own business. This MoU between these research and industry leaders will open up myriad opportunities for new high tech start-ups and more established companies which will support them in turning their great ideas into tangible products and ultimately jobs.”