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.