A new 30,000 square foot life sciences incubation and acceleration facility has been officially opened at The Campus, Cherrywood in South Dublin.

The centre will provide specialised lab, office and collaboration space for over one hundred life science and health technology professionals, entrepreneurs, and researchers.

The new facility will be just one part of a new cluster at Cherrywood amid plans to make The Campus Ireland's 'Silicon Docks' for life sciences.

It is already home to companies including APC, Genuity Science, Dell, Zoetis, Accenture and Elavon.

The new facility includes 5 premium laboratories, 12 starter laboratories and a co-lab where early stage companies can rent an individual bench as well as 14 office units to accommodate approximately 15-20 life science companies creating over 100 life science jobs.

The facility was officially opened today by Dara Calleary, Minister of State for Trade Promotion, Digital and Company Regulation.

"The life sciences sector in Ireland has been nothing short of transformative for our economy," Mr Calleary said.

"As a small, advanced economy, we are uniquely exposed to global changes and shifts. Our best protection is to continue developing our little island as a world-class destination to invest and grow business," he added.

The Campus at Cherrywood is being developed by Spear Street Capital and the new life sciences facility launched today is part of the Pioneer Group, the largest community of scientists, technologists and entrepreneurs in Europe which is already present in Glasgow, Nottingham, Cardiff, Edinburgh and Manchester amongst other locations

Among the companies that will take up space at the new facility are Irish firm VLE Therapeutics and
Australian biotech company Inventia which works in the area of 3D cell biology.