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 Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Paragraph 410 of the report states that WIT received €520,000 for the use of its facilities and staff between 2010 and 2016. The institute also received €474,000 from third parties for the use of the FeedHenry platform. To some extent, while costs went in, if one pulls it together, that is another €1 million that WIT has received back because of its investment, over and above. We have had a lot of discussion about the €1.59 million but when I look at the subsequent paragraphs, I see that WIT got income of €520,000 and €474,000. That €1 million does not jump out at me-----

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