Dublin, Silicon Valley cleantech deal to create thousands of jobs
An agreement signed yesterday between leading cleantech organisations in Dublin and Silicon Valley is expected to deliver over 20,000 jobs by the end of 2015. Under the deal Dublin’s cleantech cluster The Green Way and the Environmental Business Cluster (EBC) in San Jose, will lead to a dramatic increase in research and development spending, business development, commercialisation and investment opportunities for Irish and US companies.
According to the Expert Group on Future Skills Needs, the cleantech sector in Ireland employs 18,750 people and is worth over €3 billion to the economy. This figure is set to rise to 29,000 by 2015.
Tony Boyle, CEO, The Green Way, said: "This agreement is a concrete example of our mission to create jobs and international trade opportunities for Dublin cleantech companies, as well as attracting the next generation of cleantech companies from the Valley into Ireland.
"The Environmental Business Cluster, alongside its sister Biocenter facility, is responsible for the largest and most successful private incubator programme for cleantech companies in the US. This bilateral agreement will now offer Irish cleantech companies access to this ecosystem, and enhance Ireland’s standing internationally in this rapidly growing industry."
Melinda Richter, CEO of Prescience International and executive director of the Environmental Business Cluster and San Jose BioCenter, said: "One of the key objectives of the EBC is to provide Silicon Valley cleantech companies with access to global markets including the EU. This agreement with The Green Way will facilitate the linkage of San Jose companies with Dublin’s cleantech cluster and leverage the involvement of Dublin Academic institutions, municipal authorities, the international airport and the business community, in their efforts to commercialise their technology for European markets."