Galway Bay fm newsroom – GMIT is to double the size of its Innovation Hub at the Dublin Road campus following the approval of 5 million euro funding from Enterprise Ireland.
Enterprise Ireland will contribute €3m towards the cost of the building extension while GMIT will provide €500,000.
Enterprise Ireland has also approved funding of €1.8m for the New Frontiers Programme up to 2020 which is delivered in GMIT’s two Innovation Hubs.
New Frontiers is Enterprise Ireland’s national entrepreneur development programme for innovative, early stage start-ups.
GMIT’s Building & Estates Office are in the process of appointing a Design Team for the extension works.
It’s hoped that construction work on the innovation hub will start in 2018.