LONDON: Revenues at Tyndall National Institute research centre remained largely flat last year at €31.6m despite a significant increase in industry funding. The Cork-based centre saw a 65% increase in industry funding, which totalled €8m, while the EU contributed a further €5m.
Expenditure also stayed relatively static in 2015 despite remuneration costs increasing €1.5m to €20.18m. “As a growing innovation hub and leading RTO [research trade organisation], our role is to practically translate excellence for our partners, bringing them to the manufacturing process and proof of concept,” said Tyndall chief executive Dr Kieran Drain.
