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North West Regional Science Park

This project is a proposal by the Northern Ireland Science Park (NISP), supported by Ilex URC Ltd - the Urban Regeneration Company for Derry~Londonderry, and Letterkenny Institute of Technology (LYIT).  This flagship project seeks to develop the North West Regional Science Park (NWRSP) within the context of the North West Technology Business Zone (NWTBZ) and as an extension of the activities and assets of NISP.  Its aim is to stimulate the establishment and development of high quality technology and knowledge based businesses in the North West Region of the island of Ireland, significantly boosting the commercialization of the research capability of the North West, assisting in the expansion of knowledge based indigenous businesses and attracting higher value added inward investment projects and jobs to the region.

It is generally recognised that the North West region already has a small but promising base of knowledge based businesses and assets including CoLab, ISRC,C-TRIC and BMSRI which are located on both sides of the border.  Some of the components necessary to stimulate the expansion of the export concentrated business community, including the excellent Higher and Further Education infrastructure, are also present.  Derry~Londonderry and Letterkenny benefit from a combined population of circa 350,000 people - making it the fourth largest urban conurbation on the island of Ireland, supported by the University of Ulster at Magee and Coleraine, LYIT in Letterkenny and the North West Regional College (NWRC) in Derry~Londonderry and Strabane.  However, key ingredients are either missing or not yet of sufficient scale to create a successful momentum most notably the supply of knowledge economy premises and facilities with associated high quality services. The NWRSP will go some way to providing some of these ingredients.

The NWRSP is in essence, a business support and technology transfer initiative, which will:

  • Encourage and support young innovation led, high growth, knowledge based businesses and those seeking to expand;
  • Provide an environment where larger and international business can develop specific and close inter-relations with the centres of knowledge creation in the North West for their mutual benefit; 
  • Have formal and operational links with centres of knowledge creation such as Ulster and LYIT as well as other higher education institutes and research organisations.

 

Updated: Wed, 11 Apr 2012 16:25:17 BST

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