Telecoms research group envisions 600 new jobs for Waterford by 2020 – the opening of NetLabs, a €5m research building at Waterford Institute of Technology (WIT)’s West Campus, will position the institute to help deliver 600 jobs for the south-east as part of its strategic plan to draw European funding until 2020.

Focusing on opportunities in areas such as the internet of things, the new building carries the potential of more breakthroughs, discoveries and world firsts by taking great ideas from the lab right through to the marketplace.

Opening NetLabs today, Education Minister Ruairi Quinn said, “Over the past 10 years, WIT has been successful in securing more than €130m in research funding from national, EU and international sources and, in particular, in leveraging that funding to create real job opportunities in strategically important industries such as ICT, pharmaceutical and healthcare and advanced manufacturing.”

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