An Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan T.D officially opened the CoLab centre at Letterkenny IT on 21 September 2009.
CoLab, part of the Campus Incubation Centre programme provides dedicated office space, business mentoring, access to specialist equipment and research teams for client companies including the 12 start-up companies that have already moved into CoLab and which employ a total of 28 people.
The incubation facility was funded under the National Development Plan 2007-2013, and part financed by the European Regional Development Fund. The Enterprise Science Technology and Innovation Sub Programme of the National Development Plan supports the construction and development of campus-based Business Incubation Centres in all Institutes of Technology and Universities.