200 Jobs Created As Innovation Factory Celebrates 2nd Birthday
The Innovation Factory, a flexible, spacious business hub in West Belfast, is celebrating the creation of more than 200 jobs on its second anniversary.
The facility on the Springfield Road opened in October 2016 with the aim of providing support to new high tech businesses, creating jobs and boosting the local economy.
As a centre of innovation and business development, Innovation Factory has exceeded its targets with almost 800 businesses accessing its services through a mix of support, masterclasses, one-to-one mentoring and applied innovation events.
The business community at IF continues to grow and currently supports 70 businesses to share resources, pool talent and collaborate.
The Innovation Factory has engaged closely with the local community, working extensively with colleges organising placements for young people and with schools inspiring the next generation of entrepreneurs. With 96% of IF expenditure taking place in Belfast, it has also developed relationships with West Belfast businesses to stimulate the local economy and increase local supply chain expenditure.
Innovation Factory is owned by Belfast City Council and operated on their behalf by Oxford Innovation. It was funded by Belfast City Council and Invest NI with support from the European Regional Development Fund
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