Summary of Key NovaUCD Economic Impact Data (2003-2013)

NovaUCD's key economic impact data for the period (2003-2013) are summarised below.

NovaUCD10_Infographic_Web_2
Infographic - the economic impact of NovaUCD's activities from 2003 to 2013‌

Companies supported

  • 242: Companies and early-stage projects supported
  • 126: Companies incubated at NovaUCD
  • 30:UCD spin-out companies incorporated

Commercialisation activities

  • €6.3 million: Value of R&D collaboration with UCD by NovaUCD-supported companies
  • €5.2 million: UCD’s commercialisation income
  • 445: Inventions disclosed
  • 318: Patents filed
  • 81: Licence agreements concluded

Equity and turnover

  • €91.0 million: Equity funding raised
  • €71.2 million : Current annual turnover of NovaUCD-supported companies

Current employment impact

  • 1,056: jobs (direct & indirect) currently supported by NovaUCD’s activities in Ireland
  • 285: jobs (direct & indirect) currently supported by NovaUCD’s activities outside of Ireland

Current economic value

  • €36.6 million:NovaUCD’s total annual GVA contributionto the Irish economy
  • €11.1 million: NovaUCD’s total annual GVA contributionto the international economy

Expected employment impact by 2016

  • 1,934: jobs (direct & indirect) in Ireland supported by NovaUCD’s activities
  • 593: jobs (direct & indirect) outside Ireland supported by NovaUCD’s activities

Expected economic value by 2016

  • €66.1 million:NovaUCD’s total annual GVA contributionto the Irish economy
  • €21.6 million:NovaUCD’s total annual GVA contribution to the international economy

NovaUCD10_Economic_Impact_Infographic

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