Waterford News

Crystal Valley Tech

Crystal Valley Tech is ​a new group set up to promote Tech in Waterford / South east and includes founding member WIT President Willie Donnelly. Professor Donnelly, whose vision was to set up the TSSG and create a digital city, is seeing his vision realised. 

This group already has signed up over 20 local ICT companies including, SE2, Routematch, four Theorem, Sunlife, Immersive VR Education, Dataworks, Kyckr, Nearform, Waterford Technologies, Microservices, Bluefin Payment Sytems, Suir Valley Ventures, WIT, 110%, CGM, LiquidEdge Servisbot and Redhat. 

Supported by WIT, Waterford Chamber of Commerce, the IDA and Enterprise Ireland, this group will ​hopefully be a game changer for the Sector and the timing could not be better - there is an energy in ​the city right now that is palpable, from retail announcements and ​city improvements to the magnificent ​greenway, recent sporting successes and Waterford's Tech Meet up in Boxworks every month - it is time people realised that Waterford is no longer a depressed city struggling to overcome the decline in manufacturing. The reality is that Waterford is a transformed City with a phenomenal quality of life for its inhabitants.

A huge transformation has happened in the ICT industry in Waterford. From virtually no companies in 1996 the region now has both an indigenous and FDI cohort of companies trading globally as well as its own Venture Captial Company - Suir Valley Ventures. Our local companies are winning international awards and competing directly with Silicon Valley companies. Thanks to the investment in Carriganore Arclabs and the TSSG the city has established an ecosystem connecting entrepreneurs, high potential start-ups and multinational companies. This has created a young dynamic, creative and entrepreneurial community which is transforming the city.

The EU Innovation Union Flagship emphasises the smart specialisation of regions as key to future competitiveness. Economic growth is increasingly related to the capacity of regional economies to change and innovate. Regions and cities have become the primary spatial units where knowledge is transferred, innovation systems are built and where competition to attract investments and talents takes place.

Continued growth and sustainability of the ICT industry in Waterford and the South East requires a focus on transforming people’s perception of the city. The ICT industry needs to take a lead in promoting their industry to the wider community, students, potential employees, entrepreneurs and investors nationally and internationally. Any fragmentation of effort can be overcome by bringing the stakeholders together to develop and implement an integrated strategy for the development of the sector in the region and an investment plan to attract the best scientists, engineers, professionals and entrepreneurs to the region which will in turn attract multinational industries and high potential start-ups.

​Visit www.crystalvalley.io or contact This email address is being protected from spambots. You need JavaScript enabled to view it. for more information​.

 

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