To date, 223 SMEs have been awarded funding via the programme, which aims to positively disrupt Ireland’s most critical sectors.
The Minister for Enterprise, Tourism and Employment Peter Burke, TD and Minister for Further and Higher Education, Research, Innovation and Science James Lawless, TD, have today (25 September) announced that an additional eight projects will receive funding of €33.1m under call seven of the Disruptive Technologies Innovation Fund (DTIF).
The €500m fund was established under the National Development Plan in 2018 and aims to drive collaboration between Ireland’s researchers, industries and enterprises, as they work together to develop the next phase of positively disruptive and advanced technologies. 223 SMEs have been awarded funding via the programme to date.
The successful projects include Ecore, a Galway and Dublin-based collaboration between LaNua Medical, Integer Holdings and University College Dublin that received €6m. Together they aim to develop an embolisation device that can deliver targeted therapies for vascular disorders and cancer.
Receiving €7.1m, Dublin and Louth project Duo Max – which is being led by Croi Valve, BlueAcre Technologies, the Royal College of Surgeons and Trinity College Dublin – is also making waves in the healthcare space, with the development of a treatment for patients who are unsuited to a tricuspid valve repair or replacement, including older high-risk individuals, those with poor right ventricular function and those with existing tricuspid devices.
Also benefitting from the DTIF fund is climate project FutureLives, which is a €2.9m project based out of Galway and Kilkenny led by GlasPort Bio, GlasPort Rumen Tech, Agri-IOT and the University of Galway. The goal of FutureLives is to enhance nutrient efficiency and reduce greenhouse gas emissions, contributing to a more climate-resilient agricultural sector.
For a full list of the successful projects go to the Department of Enterprise, Tourism and Employment website.
Commenting on the news, Jenny Melia, the CEO of Enterprise Ireland said: “Enterprise Ireland is proud to support the Disruptive Technologies Innovation Fund, which is driving collaboration between SMEs, multinationals and our world-class research base. The projects announced today highlight the strength of Irish innovation in areas such as healthcare, sustainability and advanced manufacturing.
“By backing these ambitious collaborations, we are enabling companies to develop and commercialise cutting-edge technologies with the potential to transform lives, create new markets and deliver real economic impact for Ireland.”
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