Results 10,121-10,140 of 32,978 for speaker:Catherine Connolly
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Is that on the campus in Cork?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: That is a 100% fully funded public body.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Did it set up a company?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Lovely, and-----
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: It was sold to a company called Oculus.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Oculus is owned by Facebook.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: I know. UCC sold its share.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: How was it decided to sell then? What was the process and what oversight was there that it was the right time to sell and get a good return?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: It was about 12%.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Who were the other shareholders?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: I do not think we are going to get anywhere today. What I mean is Mr. Collins is saying something and at this point I have to accept it at face value. However, I do not. I want evidence that there is a return for the taxpayer in respect of spinout companies. I am not just referring to UCC and these witnesses. Everybody who has come before us has reassured us. However, when we went...
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Yes, there is a disclosure to tell us what it was sold for. However, in the context of what came back and what was sold in the first place, it was set up with 100% of public moneys under the Tyndall National Institute. The intellectual property - whatever that is - is developed and then it is sold on. We are then told it is a marvellous story, there was this return and 100 jobs. I do not...
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Who was the biggest owner of that €10 million?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: There was nobody in particular.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Have they shares in that spinout company that is being sold off?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: There is no connection between the research and development.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: In my limited time, I want to turn to Cork Institute of Technology. There are a number of spinout companies there as well. The first one is Infinite Designated Activity Company, DAC. That was apparently set up in December 2015. Is that trading?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Why not?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: CIT has a 50% share in two other joint venture companies. What are they?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Is that GAC Training and Service Solutions, GTSS?