Two Irish companies included in €307m EIC funding

Enterprise Ireland has welcomed the European Commission’s grant funding for two Irish companies under the EIC Accelerator Green Call.

Sixty-four (64) European start-ups and SMEs will be awarded €307m in funding to support the development of their innovations and the scaling of their companies, the European Commission has announced.

Mullingar-based NVP Energy Limited is to receive funding for its Ambi-Robic technology for treating municipal sewage wastewater, while Galway’s GlasPort Bio Limited will receive funding for its GasAbate N+ technology for removing greenhouse gas emissions from animal manure. Stored manures account for 16 per cent of all GHG emissions from EU agriculture.

The EIC Accelerator pilot supports high risk, high potential SMEs and innovators to help them develop and bring onto the market new innovative products, services and business models that could drive economic growth.

“To date Irish companies and researchers have been awarded in excess of €987.1m in funding under Horizon 2020”

The EIC Accelerator Pilot is part of the Enhanced European Innovation Council pilot, which paves the way to a fully-fledged EIC; it builds on the lessons learnt from the previous EIC pilot launched in late 2017.

The Enhanced EIC Pilot serves as the umbrella for several EU funding instruments: the EIC Pathfinder (FET-Open and FET-Proactive) the EIC Accelerator (former SME Instrument): the Fast Track to Innovation (FTI), and Horizon Prizes, thus providing a ‘one stop shop’ for funding of breakthrough, market-creating innovation across the EU. 

“Today’s announcement is a great news for these companies and is testament to their scalability,” said Garrett Murray, national director for Horizon 2020 at Enterprise Ireland. “This announcement provides significant funding to support these companies to bring their innovations to market and achieve their global ambition.

“To date Irish companies and researchers have been awarded in excess of € €987.1m in funding under Horizon 2020.

“There continues to be many opportunities for Irish enterprises and researchers under the EIC with the remaining call deadline on October 7th and across the Horizon 2020 Programme. Calls for proposals under the European Green Deal, worth circa €1bn will also be issued in the autumn.”

“This shall have a transformative effect on our company”

Following today’s announcement, Ruari Friel CEO of GlasPort Bio noted that the company “is delighted to be awarded €2.5m from the EIC Accelerator program. This is a highly prestigious scheme and acts as a major validation for our company and product.

“This shall have a transformative effect on our company, providing the funding to allow us to complete final stage development of our innovative product, greatly accelerating our path to market and allowing us to grow and achieve our goals.”  

Next Tuesday, July 28th Enterprise Ireland will host a webinar offering expert advice on the application process and how best to approach preparing an application for the EIC October deadline. You can register your interest here.

Horizon 2020

Horizon 2020 is the EU’s Framework Programme for Research and Innovation. It is one of seven flagship initiatives in Europe 2020, the European Union’s ten-year jobs and growth strategy. It has a budget of €75 billion and runs from 2014 to 2020.

Horizon 2020 funding is awarded on a competitive basis to researchers and companies across three main pillars: Excellent Science, Leadership in Enabling and Industrial Technologies and Societal Challenges.

Enterprise Ireland leads the national support network for Horizon 2020, working to increase participation by Irish companies and academic institutions in the EU’s main instrument for funding research in Europe.

Led by Enterprise Ireland, the national support network for Horizon 2020 has 9 member organisations; the Department of Agriculture, Food & the Marine, Enterprise Ireland, the Environmental Protection Agency, the Health Research Board, the Irish Research Council, the Irish Universities Association, the Marine Institute, the Sustainable Energy Authority of Ireland and Science Foundation Ireland.

A full list of selected companies is available here.

By Stephen Larkin

Published: 24 July, 2020