History of NovaUCD
NovaUCD, which officially opened in October 2003, is located in a magnificent mid-18th century house formerly known as Merville House.
The concept for NovaUCD was to restore the original house as the centrepiece of a complex of subsidiary buildings that surround it. The buildings are bright, airy and open with high-quality shared and circulation spaces that encourage the formal and informal interactions necessary for the development of a community of entrepreneurs.
The conversion to a modern centre for new ventures and entrepreneurs was funded by a unique public-private partnership. Six private sector sponsors - AIB Bank, Arthur Cox, Deloitte, Ericsson, Goodbody Stockbrokers, and Xilinx contributed 75% of the €10 million raised to develop the first two phases (3,750m2) of the complex.
These sponsors were chosen to bring an appropriate mix of expertise and experience to the support programmes offered at NovaUCD. The balance of funds for the first two phases was contributed by Enterprise Ireland and the University.
Additional bioincubation facilities and equipment to accommodate biotechnology start-up companies was funded (€1.3 million) by Enterprise Ireland and UCD.