The president of the newly formed Atlantic Technological University believes it will be of huge economic benefit to the Northwest.
The Atlantic TU encompasses Sligo IT, Letterkenny IT and GMIT and will contribute to around 3% of the region's economy. while just under 10% of third-level students in Ireland will be in enrolled on its eight campuses.
It's expected the university will deliver €700 million to the region's economy every year.
Dr Orla Flynn hopes the University can support the recovery of the Northern and Western region's economy, by increasing the development of innovative products while supporting the creation of new jobs.
She says it will be anchor for communities and businesses in the region.