Irish start-up Neosfar has announced the creation of 30 new jobs and a new research and development facility at DCU Alpha, which was formerly known as DCU Innovation Campus.
Indian software company NIIT has also confirmed that it will base its new European delivery centre at DCU Alpha in Dublin.
The announcements form part of the next phase of development for the innovation cluster, which will see it support 100 companies and 800 jobs over the next three years with a focus on the "Internet of Things".
DCU Alpha is already home to more than 30 companies and 350 high-tech jobs since it was founded in 2013 after the transfer of the old Enterprise Ireland site to Dublin City University.
Its companies include internationals like Siemens, Veolia and Fujitsu, as well as high growth indigenous tech firms including Shimmer Sensing, Novaerus and Exergyn.
Speaking at the launch of the development plan, the Minister for Jobs, Enterprise and Innovation said that two thirds of all new jobs are created by start-ups in their first five years of existence.
"Crucial in this is incubator and accelerator spaces and innovation clusters - facilities for companies to locate in their early years of existence where they can have access to supports, mentoring and crucially where they can be close to other entrepreneurs to share experiences and bounce ideas off," Minister Richard Bruton added.
The President of DCU, Professor Brian MacCraith, said that DCU Alpha is rapidly becoming recognised as a cornerstone of DCU’s reputation as Ireland's University of Enterprise.
"It has been encouraging to see the high level of engagement by businesses large and small over the last two years as they leverage the research, talent and support of DCU," the Professor said.
"The next three years are going to be equally as exciting as we look to grow the amount of partner companies from 30 to 100 and continue to expand the number of jobs supported here as well as the number of innovation partnerships between the University and our industry partners," he added.
