NovaUCD believes that 300 highly-skilled jobs will be created through the 37 companies based at its centre over the next two years.
The employment projection figures are based on the results of an annual employment survey of companies in NovaUCD. Some 205 people are already employed there and the companies have raised more than €40m in equity investment to date.
Companies at NovaUCD include social web search firm HeyStaks, Tethras, which provides localisation services for app developers, equine genetics firm Equinome, e-learning company RendezVu and energy-management company Wattics.
“NovaUCD client companies were established to translate innovative ideas into value-added products and services, including companies which are commercialising UCD research outputs,” said Prof Peter Clinch, vice-president for Innovation at UCD.
“The development and growth of such high-tech and knowledge-intensive companies is of critical importance for Ireland’s economic recovery.
“I am delighted that the facilities and supports being made available to the start-ups located at UCD are helping these companies thrive and create quality jobs,” he said.