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    US-based Irish tech group signs deal with UCD, Trinity

    By Noreen Bowden | June 17, 2009

    The Irish Technology Leadership Group (ITLG), a Silicon Valley-based group of has signed an agreement with Trinity College Dublin and University College Dublin aimed at driving Irish innovation and creating new business opportunities in the US for emerging Irish companies.

    According to a press release, TCD Provost John Hegarty, UCD President Hugh Brady and ITLG chair John Hartnett announced a memorandum of understanding on Monday, 15 June to promote technological innovation, and the goals of the recently announced Innovation Alliance between UCD and TCD, through this partnership.

    The group also announced a summit meeting at the Irish embassy in Washington DC on 10 September, 2009. This meeting will be aimed at devising a programme of collaboration around a number of areas set out in the memo of understanding:

    • To explore and advance new mechanisms for business creation and scaling for Ireland
    • To explore creation and management of a dedicated technology venture capital fund
    • To partner on the delivery of innovation training to the student body of the Innovation Alliance, through case study presentation and mentoring of project work within the Innovation Academy.

    ITLG chair John Hartnett said, “In the midst of Irish and US economic turmoil, there has never been a more important moment to foster and invest in technological innovation. ITLG is delighted to seize the opportunity to pursue that objective in partnership with Ireland’s premier research universities through the Innovation Alliance”.

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