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News : Innovation Last Updated: Aug 20, 2010 - 10:05:25 AM


Government announces additional €37m in funding for Irish academic research
By Finfacts Team
Aug 9, 2010 - 6:15:28 AM

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Batt O’Keeffe, TD, Minister for Enterprise Trade and Innovation on July 26th officially opened the new headquarters of SolarPrint in Dublin and announced the creation of 80 new jobs by the Irish energy technology company. Pictured at the announcement were: Maja Sourdaine, Materials & Printing Engineer, SolarPrint and the minister.

The Government today announced an additional €37m in funding for Irish academic research which it said will facilitate the creation of jobs in Ireland’s so-called “smart economy”.

The €37m investment, will be spread over six years and takes the funding of the Government’s competence centres programme to €90m over that period. Minister for Enterprise, Trade and Innovation, Batt O’Keeffe, said the €37m six-year investment boost will underpin the development of an environment that allows academics and business people to work together in producing market-friendly products that meet consumer demand and create jobs. At the start of this year, five competence centres were added to the initial pilot centre, Food for Health.

These are the Centre in Nanotechnology (Tyndall Institute, UCC); Centre in Composite Materials (UL); Centre on IT Innovation (NUIM); Centre in-Bioenergy (NUIG); and Centre in Microelectronics (Tyndall Institute, UCC).

Each centre will receive up to €5 million over five years.

O’Keeffe said Enterprise Ireland and IDA Ireland are working to develop a number of other centres in the pipeline.

Collaborative company-led research will get under way in the research centres which will rise from six this year to 15 in 2016.

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