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Project Ireland 2040 Funding

Dáil Éireann Debate, Thursday - 18 April 2019

Thursday, 18 April 2019

Questions (151)

Billy Kelleher


151. Deputy Billy Kelleher asked the Minister for Business, Enterprise and Innovation the number of applications made under the disruptive technologies innovation fund to date; the number of successful and unsuccessful project applications, respectively, that applied for funding; the details of each project approved for funding; the value of funding approved for each such project; when successful applicants will receive funding in 2019; the amount allocated to the fund in 2019; the number of payments that have issued to date by county in tabular form; and if she will make a statement on the matter. [18298/19]

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Written answers (Question to Business)

The Disruptive Technologies Innovation Fund is a €500 million fund launched under Project Ireland 2040. Funding allocated to my Department for the Disruptive Technologies Innovation Fund to 2022 is as follows:

2018: €20 million

2019: €30 million

2020: €40 million

2021: €90 million

My Department launched the first call for Expressions of Interest in the Disruptive Technologies Innovation Fund (DTIF) in June 2018. Information on the fund and how to apply was provided by my Department with the support of Enterprise Ireland, IDA Ireland and Science Foundation Ireland.

Over 300 Expressions of Interest were submitted by the deadline on 17 August 2018 with many of the applications involving collaborations of multiple partners. At least one SME was required to be part of each collaboration in order to be eligible for funding. 27 Successful projects were announced in December 2018.

The successful projects will receive over €70 million to 2021 and they represent the health, food, ICT and manufacturing sectors in Ireland. All projects are currently in contract negotiation stage with Enterprise Ireland. Project start dates are expected to commence in Q2 2019 and grant drawdown will follow thereafter. As such no payments have been made to date.

The details of each of the successful projects including the partners involved in each, a brief description of each project and the value of funding approved is available on my Department’s website and is replicated in the following link.

Successful Projects