Tyndall Institute to launch ten new tech companies
Tyndall Proposed site expansion
The Tyndall National Institute, based in Cork, has unveiled plans to create ten new homegrown companies over the next five years while expanding its workforce by 30%.
These goals form part of its new five-year strategy, “Tyndall 2030,” which is being officially launched today by Taoiseach Micheál Martin. The strategy outlines a clear plan to position Ireland at the leading edge of the global semiconductor industry.
According to the institute, semiconductors underpin virtually all modern technologies, playing a vital role in everything from household electronics and medical devices to artificial intelligence and renewable energy systems.
By 2030, Tyndall aims to increase its annual income to more than €80 million and grow its workforce to over 750 people. The strategy also places a strong emphasis on commercialisation, with plans to launch ten spinout companies and support the expansion of more than 30 Irish SMEs by enhancing their access to facilities, expertise, and international networks.
Professor William Scanlon said the initiative is focused on turning high-quality research into tangible outcomes. He noted that investment in both talent and infrastructure will strengthen Tyndall’s role as a national resource that fosters innovation, connects ideas, and delivers economic benefits.
The launch event, taking place at the institute later today, will also be attended by James Lawless, Minister for Further and Higher Education, Research, Innovation and Science.
Ahead of the event, Micheál Martin said the strategy reinforces Ireland’s standing as a centre for innovation. He highlighted the role of Tyndall and the country’s broader semiconductor initiative, Silicon Island, in maintaining Ireland’s global leadership in technologies critical to areas such as climate action and AI infrastructure.
Minister Lawless described “Tyndall 2030” as an ambitious plan to strengthen Ireland’s research and innovation capacity. He emphasised the importance of developing advanced skills and expertise, pointing to the INSPIRE investment programme as a key driver in upgrading research infrastructure and talent across higher education.
He added that Tyndall’s achievements are built on strong partnerships and sustained investment—principles that also underpin the INSPIRE programme—and said these efforts will support Ireland’s economic resilience, global competitiveness, and progress in areas like digital transformation, sustainability, and public health.
Project News
