CALIFORNIA BUSINESS MINUTE
Irish Open Innovation Center
in Silicon Valley
03-17-10
Hi, I am Tim Johnson and welcome to the California Business Minute
A new business incubator opening in San Jose will provide a base of operations
for Irish technology startups. The Irish Innovation Center (IIC) is the Silicon
Valley launching pad for Irish technology companies. The IIC will provide support
to 30 companies with flexible office space and access to venture capital firms,
banking and legal services.
The facility was dedicated this past weekend by Irish Prime Minister, Brian Cowen.
The center will be led by Gordon Ciochon, the former head of global operations at
Symantec. The center will be closely affiliated with the Campbell-based Irish
Technology Leadership Group (ITLG), which late last year announced plans for a
$100 million venture capital fund, focused on high-potential Irish startups. The
ITLG is chaired by Craig Barrett, the former chairman and CEO of Intel. The ITLG,
will partner with the center to provide residents with access to a built-in network
of successful Silicon Valley business executives from leading technology companies.
“The IIC is a concrete result of the vision embraced by industry and government
participants at the Global Irish Economic Forum in Dublin last September,” said
Barrett.
The IIC will be ready for occupancy in April.
I am Tim Johnson and this has been the California Business Minute.
For further information see: http://www.irishinnovationcenter.com
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