2019
UCC research centre generates €1.2m a week for Irish economy
To highlight 15 years in operation, University College Cork-based APC Microbiome Ireland (APC) today (Thursday, January 10th) publishes a report, which outlines the impact of APC research on society and on the Irish economy.
Research indicates that the vast ecosystem of organisms that lives in our digestive systems might be as complex and influential as our genes in everything from cancer to obesity, and for the past 15 years, APC has been advancing global knowledge on the understanding of our insides. APC is ranked #1 globally for research in antimicrobial and therapeutic microbes and is in the top 5 institutions in the world for microbiome research.
UCC research centre contributes €1.2m weekly to Irish economy - report https://t.co/H1wkJ2SbIl via @IrishTimes
— UCC Ireland (@UCC) January 10, 2019
Launching the report, Prof Fergus Shanahan, Director APC, said “APC placed Ireland on the map as a global leader in microbiome science and has expanded the R&D capabilities of Ireland in an area of immediate relevance to the food and pharmaceutical sectors of industry. When economic hardship struck Ireland a decade ago, our scientists delivered and APC flourished.”
Key findings of the report - “Mining Microbes for Mankind - 15 years of Impact” - published today highlight that:
- For every €1 investment by Science Foundation Ireland (SFI), APC has attracted another €1.84 of inward investment for APC research
- APC helps to generate €1.2m for the Irish economy each week, including expenditure and taxation impact.
- In analysis of the multiplier effect of investment, the report showed a return of €5.60 return to the economy for every €1 state investment in APC
- 10 APC Principal Investigators were included ranked in the top 1% of researchers in the Clarivate Analytics 2018 Highly Cited Researchers List
- APC scientific discoveries have contributed to global health challenges such as antimicrobial resistance, obesity, mental health, successful ageing and inflammatory diseases
- APC works closely with industry. In the last 5 years, 56 collaborative projects with industry have secured over €30million in R&D funding from industry for APC research.
- APC has produced over 2,500 publications in its 15-year history, which have been cited 80,873 times, equating to an average of 32 citations per paper. 40% of the APC publications have been from international collaborations with co-authors based in 59 different countries.
- APC papers have a citation rate over twice the world average, and 25% of APC publications are among the top 10% most frequently cited papers globally.
- APC has developed and trained 550 alumni who have advanced to positions in academia, industry and the healthcare sector across the globe
- APC has a vigorous education and public engagement programme. APC researchers interact with approx. 80,000 members of the public annually.
Commenting on the report, economist Prof Brian Lucey stated “Research institutions in the modern world must increasingly demonstrate both scientific and economic impact. This report demonstrates that APC Microbiome Ireland achieves these twin impacts, convincingly. It goes beyond these indeed, showing social impact. The report underlines the importance of investing in research through national institutes of this calibre and size. In my view, APC Microbiome Ireland is an economic, scientific and research success story and an endorsement of the SFI funding approach which allowed it to grow and expand.”
One of the country’s leading research centres has proven it has an appetite for profit by generating a five-fold economic return on public investment @UCC https://t.co/ki9ocK8IhB
— Irish Examiner (@irishexaminer) January 10, 2019
Tánaiste and Minister for Foreign Affairs and Trade, Mr. Simon Coveney said: “I would like to congratulate APC Microbiome Ireland for its significant impact on the Irish economy and society – a €5.60 return to the economy for every €1 of State investment is a remarkable achievement and demonstrates the importance of the Government’s policy of investing in national research centres of excellence and scale. Who would have thought that our tiny resident microbes can have such a dramatic economic and societal impact?”
Founded in 2003 and headquartered at University College Cork and Teagasc, APC is one of Ireland’s flagship research centres funded, in part, by Science Foundation Ireland (SFI). The report published today was produced in tandem with Cork University Business School.
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For further information or to arrange an interview, contact Eoin Hahessy 086 046 8950/ eoin.hahessy@ucc.ie