David Cullinane (Waterford, Sinn Fein) | Oireachtas source

When the Secretary General of the Department of Education and Skills was here last week we discussed spin-off companies and how revenue that accrued from them would go to institutes. This is one of many revenue streams that are open to institutes of technology and universities.

Dr. Love acknowledged in his opening statement that some organisations or institutes are in deficit. Some of them have significant deficits. If there is a potential for revenue to accrue then we need to make sure that the institute is protected at all costs.