Dáil Éireann Debate, Tuesday - 22 June 2021
144. Deputy Rose Conway-Walsh asked the Tánaiste and Minister for Enterprise, Trade and Employment the projects funded under the disruptive technologies innovation fund; the areas of research involved; the amounts awarded; and if he will make a statement on the matter. [32961/21]
View answerThe Disruptive Technologies Innovation Fund (DTIF) was established in 2018 to encourage collaboration in the development and deployment of disruptive innovative technologies, on a commercial basis, targeted at tackling national and global challenges. It is managed by my Department with administrative support from Enterprise Ireland.
DTIF focuses on the ability of Irish enterprises to drive disruptive innovation through collaboration on industrial research with other enterprises and research institutions. The Fund is open to partnerships working together on projects that have the potential to significantly alter markets or the way businesses operate. It encourages private co-investment by lowering the risk profile associated with investment in high-risk, high-reward innovations. Applications to the Fund are required to, inter alia, demonstrate the potential to develop and deploy novel and disruptive technologies in line with the Research Priority Areas 2018-2023.
A total of €235m has been allocated to 72 projects over the three DTIF calls to date. This funding will give the companies involved opportunities to grow their business, even when trading in increasingly competitive markets, through the development of innovative products and services. These enterprises will be in a strong position as the Irish and global economies rebound once the pandemic ends.
Details of the projects funded under calls 1-3 of the Disruptive Technologies Innovation Fund are set out in the table below.
