Thursday, 3 October 2019

Questions (114)

Robert Troy

Question:

114. Deputy Robert Troy asked the Minister for Business, Enterprise and Innovation further to Parliamentary Question No. 114 of 26 September 2019, the amount that has been paid to date to each of organisations that have received payments for approved projects in tabular form. [40193/19]

View answer

Written answers (Question to Business)

The  Disruptive Technologies Innovation Fund (DTIF) is a €500 million fund established under Project Ireland 2040 and forms a key part in the delivery of the Pillar 1 goal of Future Jobs Ireland to embrace innovation and technological change. The DTIF has been established under the responsibility of my Department with Enterprise Ireland providing administrative support.

From the start, my Department has indicated that €20 million would be made available in 2019 to commence the first tranche of projects. To date, a total of €5 million in funding has been drawn down by Enterprise Ireland from my Department for payment to the organisations involved in 12 of the 27 successful projects under Call 1. This is in line with the planned profile of drawdown as set at the start of 2019. It is expected that the full €20m allocation for the Fund in 2019 will be drawn down by the end of the year.

Of the €5 million in funding drawn down from my Department, approximately €3.5 million has already been paid to organisations involved in the projects with the remainder to issue shortly. In line with existing practice, higher education institutions and research bodies involved in the DTIF Call 1 projects have received advance payments for some of their project costs. These are set out in tabular form below as requested by the Deputy. Some of the payments made to these organisations represent payments for multiple DTIF projects in which those research organisations are involved. 

For the most part, enterprise partners in DTIF collaborations will receive payments retrospectively following submission of validated claims for vouched expenditure. In addition, some small companies have been approved for pre-finance. The process of issuing those payments to companies is underway and they should receive payment shortly.  

DTIF Call 1 Payments to Organisations at 1 October 2019

Organisation 

Payments to date 

National University of Ireland, Galway

€417,000.00

Trinity College Dublin

€319,934.00

Dublin City University & University of Limerick (Lero)

€309,898.00

Dublin City University

€736,509.00

University College Dublin (UCD)

€275,319.00

CEARDAR Technology Centre (UCD)

€129,330.00

TEAGASC

€106,519.00

MARINE INSTITUTE

€72,328.00

Waterford Institute of Technology

€251,871.00

University of Limerick

€946,577.00

Total

€3,565,285.00