The Synergy Centre at the Institute of Technology Tallaght (ITT Dublin) said today it currently has office space solutions available for knowledge intensive start-up companies who are interested in joining an established entrepreneurial community.
A number of former Synergy Centre tenants have recently expanded to their own premises, creating an opportunity for high-potential new businesses to take up tenancy at the business incubation centre.
In addition to office space, the offices have 25Mbps broadband and free Wi-Fi access in common areas.
Tenants at Synergy Centre, which currently has more than 20 early stage companies located on site, have access to free professional training programmes, a variety of monthly networking events and one-to-one mentoring clinics.
Own door office units at Synergy Centre range from 18sq metres to 46sq metres and are available for rent from €600 per month, plus VAT, including light, heating, security and broadband services, as well as business development support. Alternatively, one-man operations can rent desk space in a secure office environment from just €40 per week, plus VAT.
Virtual tenancy is also available to high-potential start-up companies who wish to grow their business as part of the Synergy Centre’s entrepreneurial community but do not wish to physically locate their company in the venue. Virtual Tenancy costs €250 for a six-month period, plus VAT, and offers access to events, mentoring and support services, as well as limited access to Synergy Centre facilities and meeting rooms.
Applicants must have a viable business concept, embrace innovation and demonstrate that their product or service has export potential.
“Tenants at the Synergy Centre have the opportunity to further develop their business in a structured office environment with excellent facilities, peer support and professional mentoring,” said Pat O’Donnell, manager of the Synergy Centre at ITT Dublin.
“The Synergy Centre is focused on fostering innovation, and we have found that entrepreneurs and high-potential new businesses flourish in our state-of-the-art incubation space. Our business clinics, flexible office sharing facilities and networking events are all extremely popular but our tenants tell us the greatest advantage is sharing their work space with other like-minded individuals with whom they can share ideas, provide feedback and offer support.
“There is overwhelming evidence internationally that high-tech companies based in incubators for the initial years have substantially higher success rates than those based in own-door accommodation. Incubators on third-level college campuses have substantially better results again. Synergy Centre at ITT Dublin has been independently assessed as one of the top campus-based incubators in Ireland,” O’Donnell said.
As well as one-to-one clinics and mentoring, entrepreneurs will also have access to a range range of expertise, facilities and equipment in the research areas of ITT Dublin, including health, biopharma, medical devices, software, wireless technology, design and prototyping on campus.