Innovative Irish SME-led ideas get €17.8m in funding

€17.8m invested in SME-led ideas under the latest Disruptive Technologies Innovation Fund Call.

Funding of €17.5m for a further five Irish innovative projects under the Disruptive Technologies Innovation Fund (DTIF) has been invested.

Two projects have been approved funding of up to €9.6m in the third tranche of awards under DTIF Call 4 and three projects have been approved funding of up to €8.2 million in Call 5 of the Fund.

“It is noteworthy that over 88% of this investment is by our indigenous SMEs”

This brings the total allocation of DTIF funding to €306m, with over €173m (56%) of the funding awarded to project partners outside of Dublin.

SME innovation revolution

All five projects are being led by an SME, who are collaborating with seven other enterprise partners and seven partners from our research institutions.

“It is noteworthy that over 88% of this investment is by our indigenous SMEs, thereby making a significant contribution to closing the innovation gap with the higher R&D performing foreign owned multinational enterprises,” said Minister for Enterprise, Trade and Employment Simon Coveney, TD.

“The three Call 5 projects are focused on advanced manufacturing, which is crucial for every industrial ecosystem across Europe. Such advanced industrial technologies help to sustain our economic resilience and competitiveness and will also facilitate the shift to a circular economy and a rapid decarbonisation of industry.”

Disruptive Technologies Innovation Fund (DTIF) – Awards under Call 5 (2022)

 

Project Description Consortium Members Research Priority Area Regional Location Total DTIF Award
The FreeForm-OPTIX project will produce affordable, high specification, low mass, freeform mirrors for new and emerging high technology markets. 1. Mbryonics Ltd;

2. EireComposites Teo;

3. Irish Manufacturing Research Centre (IMR);

4. National University of Ireland, Galway (NUIG).

Manufacturing & Materials 1. Galway

2. Galway

3. Westmeath

4. Galway

€4.1m
Aerospace Disruption – Ablative surface treatment to revolutionise adhesion of

composite materials.

1. ÉireComposites Teo

2. PlasmaBound Ltd

3. Technology University Dublin (TUD)

Manufacturing & Materials 1. Galway
2. Dublin
3. Dublin
€2.5m
Sustainable production using intelligent tooling 1. iSentioLabs Ltd;

2. Croom Precision Tooling Ltd TA Croom Medical;

3. DePuy Synthes Ireland Unlimited Co;

4.  Schuf Valve Technology GmbH;

5. Trinity College Dublin (TCD);

6. Irish Manufacturing Research Centre (IMR).

Manufacturing & Materials 1. Dublin
2. Limerick
3. Cork
4. Cork
5. Dublin
6. Westmeath
€1.6m

 

Disruptive Technologies Innovation Fund (DTIF) – Third Tranche of Awards under Call 4 (2021-2022)

Project Description Consortium Members Research Priority Area Regional Location Total DTIF Award
ATHENA: Migraine Therapy and Diagnostics 1. Capri Medical Ltd;

2. Silansys Semiconductor Ltd;

3. Tyndall National Institute

Health and Wellbeing Dublin and Cork €7.5m
PRO-ACTIVE: Prostate cancer active surveillance via urinary monitoring 1. Epicapture Ltd;

2. Eurofins Biomnis Ireland Ltd;

3. National University of Ireland, Dublin (UCD).

Health and Wellbeing

 

 

 

Dublin €2.1m

 

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.

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