Eeolas Institute
Encyclopedia
The eEolas Institute was a joint venture between Dublin City University
Dublin City University
Dublin City University is a university situated between Glasnevin, Santry, Ballymun and Whitehall on the Northside of Dublin in Ireland...

, the family of Tony Ryan
Tony Ryan
Thomas Anthony "Tony" Ryan was an Irish multi-millionaire, philanthropist and businessman.He was a founder of Guinness Peat Aviation as well as co-founder of Ryanair with Christy Ryan and Liam Lonergan...

, and Davy Hickey Properties, intended to develop the relationship between academic institutions and enterprise in Ireland. It was located in a landmark building at Citywest
Citywest
Citywest is a business park and golf resort in the Saggart area, just north and northwest of Saggart village in South Dublin. The nearest major town is Tallaght. The business park has developed a modest residential population in recent years...

 business park, near Saggart
Saggart
Saggart is a suburban village in South Dublin County, Ireland, south west of Dublin city. It lies between the N7 , Rathcoole, and Tallaght.-Name:A monk called Mosacra founded a settlement on the site of the village in the 7th century...

 in southwest Dublin.

DCU Ryan Academy

The DCU Ryan Academy for Entrepreneurship, the first, and ultimately only, component of Eeolas, opened in October 2005.

The DCU Ryan Academy was home to the Entrepreneurs’ Organisation in Ireland, and also hosted the Irish arm of the US-based National Foundation for Teaching Entrepreneurship
National Foundation for Teaching Entrepreneurship
The Network for Teaching Entrepreneurship , also referred to as NFTE , is an international non-profit organization providing entrepreneurship education programs to young people from low-income communities.Through entrepreneurship education NFTE helps young people from low-income communities build...

(NFTE), which helps young people from less well-off backgrounds to build skills.

It appointed 174 leading professionals as Fellows in 2007.

Closure

The Institute, campus and the Academy were closed during 2008, after the 10 million euro initial investment was followed by 1.3 million euro of losses. Eeolas Institute Ltd. was dissolved, and the website, and current references on DCU's website, were deleted.
The new Academy re-opened in early 2009 and began to establish its reputation in the area of Entrepreneurship in Ireland. Under the guidance of a new CEO, Ann Horan, the Academy is now developing a number of proposals in entrepreneurship and innovation. The new Academy exists to promote entrepreneurship and innovation and to use its iconic building in Citywest as a dynamic hub for entrepreneurs and researchers to develop ideas, learn new skills and network. There is widespread agreement in business, political and academic circles that the key to Ireland’s recovery and future is the development and exploitation of our best and brightest people who have developed world class ideas to fuel world class competition. The Ryan Academy is working with researchers and entrepreneurs to help them achieve their potential. The Academy believes that the Social Economy will play a key role in Ireland’s economic recovery and we are committed to providing leadership and support to this key sector.

Areas of Focus include Education & Networking (Innovative, superior quality programmes relevant to the needs of existing and future entrepreneurs and supportive of the Government’s Smart Economy and social policies), research (Providing leadership in the fields of research and policy development for selected areas of entrepreneurship and innovation), collaboration (Promote entrepreneurship and innovation by forming and coordinating national and international partnerships with universities, state agencies, social sector, Corporates, multinationals and Small and Medium sized companies). The Academy also works in collaboration with others in innovation, for example working on the Your Country Your Call project that was launched by President Mary McAleese in February 2010.

The new Academy also delivers short term modules in subjects such as Social Enterprise Development, Foresight, Entrepreneurship for Engineers and New Product Development, and longer term courses for post-doctoral students in DCU under Academy's Director of Programmes Gordon McConnell.

Reopening of Ryan Academy

A new Director was appointed in early 2009, and the Ryan Academy recommenced operations, with the website restored, in February 2009; there was nó further news on the eEolas Institute.
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