The cabinet accepted a\u00a0report by the Grand Canal Innovation District advisory group<\/a> and its recommendations.<\/p>\n The report provided a strategy and road map to underpin the development and progression of the district to ensure that Ireland has an innovation district<\/a> to rival its computtpetitors.<\/p>\n Trinity College Dublin<\/a> says it will work closely with of all the relevant stakeholders: government departments, multinational technology companies, state agencies, start-ups, universities and members of the local community, to develop proposals for the innovation district.<\/p>\n The Grand Canal Innovation District, with a new Trinity campus at its centre, will act as a connector for Irish and multinational companies, academic researchers from both Irish and international universities, venture capitalists and start-ups as well as members of the local community.<\/p>\n The district will be developed over a 10-year time span, however, early activation will commence on the site in 2020. This will include the opening of an innovation hub that will provide space for early-stage start-ups, research-active corporates, a dedicated programme of activities for people who live in the local community and a meeting space to activate the innovation community in Dublin.<\/p>\n The report calls for support for the Grand Canal Innovation District scheme through both policy measures and financial support. The total cost of the development will be over \u20ac1bn over the course of 10 years, with plans for the majority of the investment to be borne by developers, Trinity and philanthropic and corporate grants and donations. The report recommends that the government invest \u20ac150m in the district over the next decade.<\/p>\n The #GCInnovationDistrict<\/a> with a new Trinity campus at its centre, will act as a connector for indigenous & multinational companies, Irish & international researchers, venture capitalists & start-ups as well as the local community. #Eire2040<\/a> #InspiringGenerations<\/a> pic.twitter.com\/BqyVls4YIS<\/a><\/p>\n \u2014 Trinity College Dublin (@tcddublin) January 3, 2020<\/a><\/p><\/blockquote>\nGrand Canal Innovation District expectations<\/h3>\n
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