GEC 25 Year Impact Report 2026 - Flipbook - Page 11
A Dynamic and High-Value
Economic Model
A key feature of the GEC model is its continuous
enterprise renewal. With a typical company lifecycle of
approximately 3 to 5 years, the Centre maintains a
dynamic pipeline of startups and scaling businesses,
ensuring ongoing economic contribution and efficient
recycling of resources within the innovation system.
Taken together, these impacts demonstrate that the
GEC operates not only as a physical hub for enterprise,
but as a system-level driver of economic activity
supporting jobs, generating public revenues, and
sustaining long-term growth across the Irish economy.
Taken together, these impacts demonstrate that the GEC operates not only as a physical
hub for enterprise, but as a system-level driver of economic activity supporting jobs,
generating public revenues, and sustaining long-term growth across the Irish economy.
Innovation & R&D
Innovation at the Core
GEC companies are defined by their focus on innovation
and knowledge creation. On average, firms invest
approximately 9% of turnover in research and
development, significantly above national benchmarks.
This level of R&D intensity reflects the Centre’s role in
supporting high-potential startups operating at the
frontier of technology, science, and services innovation.
The GEC environment enables access to networks,
expertise, and collaborations that accelerate innovation
and commercialisation.
Kathy Hochul, New York Governor, Serving 2021 - 2026
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