Ireland’s investment in European Space Agency expected to double employment in the space sector to over 1,000 high value technology jobs in Irish industry over the next four years
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The jobs announcement was made yesterday (July 21) as Jobs, Enterprise and Innovation Minister Mary Mitchell O’Connor welcomed the director general of the European Space Agency Jan Woerner to Ireland.

The Irish Government’s annual investment in ESA is supporting strong growth in the sector in Ireland with the number of companies in the sector expected to expand to over 80 by 2020, generating annual revenues growing from €76 million in 2015 to €135 million by 2020.

This investment is set to double employment with the creation of over 1,000 high value technology jobs in Irish industry by 2020.  Companies involved with ESA are also projected to increase combined turnover from €274 million to over half a billion by 2020.

As part of Woerner’s visit the European Space Agency and the Tyndall National Institute (as host in partnership with Maynooth University and Athlone Institute of Technology) signed an agreement establishing a Space Business Incubation Centre in Ireland which will target support for 25 Irish start-up companies in space related technologies by 2020.

“Global space economy is undergoing rapid change as more countries enter the 21st century space race. Given the high level of technology innovation we have seen in Ireland, Irish space companies are ideally placed to gain a significant share of the global space market and are already expanding rapidly into it,” said Woerner.

Minister O’Connor described it as an “exciting time” for the space industry in Ireland.

“The Irish space sector is set to expand at an unprecedented rate over the next few years.   ESA has had some remarkable achievements in recent years more recently the Rosetta Mission’s rendevous with Comet 67P last year,” she said.

“Our investment in ESA will manifest itself through new companies entering the space sector, scaling of existing companies and the development of a strong cohort of high technology start-ups, leading to increased sales, exports and jobs.  Investment in ESA space programmes, given the pace of expansion of the Global and European space economies, will put high-tech Irish companies and researchers in a position to exploit this potential to the maximum.”

http://www.engineersjournal.ie/wp-content/uploads/2016/06/ESA.jpghttp://www.engineersjournal.ie/wp-content/uploads/2016/06/ESA-300x300.jpgDavid O'RiordanNewsAthlone IT,European Space Agency,jobs,NUI Maynooth,space
The jobs announcement was made yesterday (July 21) as Jobs, Enterprise and Innovation Minister Mary Mitchell O’Connor welcomed the director general of the European Space Agency Jan Woerner to Ireland. The Irish Government's annual investment in ESA is supporting strong growth in the sector in Ireland with the number of...