Third level raises €6m for R&D equipment

Around 43 applicants from the various Institutes of Technology (IoTs) and the new Technology University (TU) Dublin have secured €6m in funding to acquire vital R&D equipment that in turn could boost the SME economy in Ireland.

They were approved for funding as applicants of the Capital Equipment Fund administered by Enterprise Ireland through the Technology Gateway Network Programme.

“Our aim is to build on our strong enterprise ecosystem from across the wide spectrum of academia, research and business communities”

The Technology Gateway Network Programme funds interactions between local and national industry and the Institutes of Technology and aims to increase the levels of interaction between the IoTs and industry in Ireland.

Adding value for SMEs

“This funding allows our Technology Gateway the opportunity to purchase new technologies in areas such as augmented and virtual reality, mobile robotics and moulding,” Mark Whelan, Technology Gateway Programme manager at Enterprise Ireland explained.

“Successful applicants have a proven track record in industry engagement and the new equipment will assist in increasing their interaction with industry and add value to the SME sector in Ireland.”

The intended outcomes of the Programme include; more companies engaging in R&D, pilot manufacturing capability for new product/process development, enhanced technology validation and testing capabilities, testbed generation and enhanced training potential for key industry staff on emerging technologies.

“Our aim is to build on our strong enterprise ecosystem from across the wide spectrum of academia, research and business communities,” said Minister for Business, Enterprise and Innovation Heather Humphreys, TD.

“This fund directly supports projects that are emerging from the ground up. The successful applicants announced today are housing research projects and initiatives that are at the cutting edge of innovation and I am confident that they have the potential to make a real and lasting impact on enterprise development at both a regional and national level.”

Written by John Kennedy (john.kennedy3@boi.com)

Published: 26 July, 2019

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