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Fri 02 Feb 2010Big rise in college 'spin-out' companies

THE NUMBER of “spin-out companies” from Irish third-level colleges increased by 250 per cent in 2009, according to new figures from the Irish Universities Association (IUA).

The data shows 35 companies were created directly from campus research last year, compared to 10 in 2008. About half of these are in the information technology sector, and half are in the bioscience or food areas.

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