North West Regional Science Park (NWRSP) Sarah Kelly – Northern Ireland Science Park Strategic Location – Derry~Londonderry • • • • • • 10 year framework for economic & social renewal – One Plan. Fort George (14 acres / 6 hectares) a former military base. Outline planning permission by December 2012. Location for $50 Million transatlantic telecomms hub (Project Kelvin). Knowledge corridor linking University of Ulster & Letterkenny Institute of Technology. Location for North West Regional Science Park. Prime mixed use development opportunity on a gateway waterfront site. Strategic Location at Fort George Mix use residential/ office with commercial on ground floor Knowledge Hub Multi-storey car park Mix used office / Light Industrial North West Regional Science Park • third generation Science Park at Fort George Derry~Londonderry 50k sq ft (gross) & 20k sq ft (gross) LYIT. • submitted for $18m funding to Special EU Programmes Body (European Union’s INTERREG IVA programme). • Partners: Northern Ireland Science Park Ltd (NISP), Letterkenny Institute of Technology (LYIT) and North West Region Cross Border Group (NWRCBG). • Outcome proportionate to NISP success to date circa $4m to $5.7m pa net GDP and circa 300. Impact of a Science Park • A Science Park is an economic catalyst to drive the Knowledge Economy (eg Silicon Valley). • Growing the Knowledge Economy: 1. 2. 3. 4. Knowledge (Research & IP) Risk Capital (all stages, Angels to IPO) Well coupled business professionals (accountants, lawyers, bankers) Independent Facilitators (the Science Park) Innovation Eco-system pro bono programmes Education//networking: • Springboard; Frameworks; £25K Awards • Enterprise Forum; Frontiers in STEM; IP exchange; Co-Founders • US-NI Mentorship programme; Generation-Innovation Investor Readiness//Access to $$££: • Entrepreneur In Residence; Springboard; Halo*; VC Forum Independent Research: • NI Knowledge Economy Index (the ‘where we are now’ report) • Support to Department of Enterprise Trade & Investment (MATRIX: NI’s Science-Industry panel; Technology Strategy Board; EU) Network Enabler: • Learned societies (Institute of Physics; Royal Society of Engineering;), Education; Research (Universities and Colleges) *Affiliated – business angel network Shipyard to Titanic Quarter from dereliction to Knowledge Economy Titanic Belfast Hollywood in Belfast NI Science Park 2003-2012 ECIT Queen’s University NI Science Park 2012 Outcomes to date • Adding $130m+ gross pa GDP by playing host to 2000 staff in 110 companies, 210,000 sq ft; • Facilitating circa $16m risk capital pa; • Mobilising 1000 business volunteers & 110 Business Angels to help 800 new starts; • Refreshing NI companies with ideas; & • Showcasing to 100+ School visits & 60,000 visitors pa. NWRSP - Economic Catalyst Artist’s impression • replicate NISP and capitalise on the ‘nerd gene’; • increase opportunities to attract local and returning STEM graduates; • attract R&D divisions of large corporates; • increase interest and investment from the global investment community. Knowledge EconomyScience Ambitions North West Regional Park Source: Knowledge Economy Index Baseline Report 2011 – Oxford Economics Contact Details Sarah Kelly Northern Ireland Science Park sarah.kelly@nisp.co.uk o|+44 (0) 28 9073 7800 c|+44 (0) 7905 33 9508