MIT is a world-renowned institution. It is still negotiating the contract to set up MIT Europe in Ireland which, hopefully, will be finished this summer. It is looking at locations and there will be a development company to run the institution. MIT is very conscious and anxious to ensure that it has good relationships with Irish universities. In the initial stage, with the equivalence in standards, the standards in the courses will be same as MIT, Massachusetts, in the areas I mentioned. Over time, and I am not sure that MIT has worked out what time that is but it is in the period stated by Deputy Quinn, there will be an MIT Europe degree. Those are the answers to the questions.
The discussions are on going. It does not yet have a location. The development board is not yet in place. We must give the commitments on resources to engage it. Deputies would have read the articles stating that there are several other places in Europe which wanted MIT, and we are lucky that it is coming to Ireland.
The reason the Vote is in my Department is that most Departments have been involved in the preliminary discussions along with the technology foresight programme, Enterprise Ireland and IDA Ireland. It will move to whichever Department will take responsibility for it and whichever development company will answer for it to Government level. That is the present position. As the discussions are finalised and the contract is available, that will become a public document.