Oireachtas Joint and Select Committees

Thursday, 24 January 2019

Public Accounts Committee

Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

These are important items. What I see is a company that is sold at a phenomenal price. All that is very good. However, it was based primarily on public research and the use of public facilities. I want to see what was given back, in addition to the sum which came back of €1.6 million but net was only €900,000. Mr. White jumped in to say it is not the policy to recover the costs, which is interesting. I see that from the documentation. On the other hand, I am being told they paid.

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