Dáil Éireann Debate, Wednesday - 25 January 2023
51. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the amount of funding that was allocated to the disruptive technology's innovation fund by his Department in 2021, 2022 and to date in 2023, in tabular form; and if he will make a statement on the matter. [3488/23]
Amharc ar fhreagraThe Government established the €500m Disruptive Technologies Innovation Fund (DTIF) in 2018 as one of four National Development Plan (NDP) 2018-2027 Funds under Project Ireland 2040. It is aimed at encouraging collaboration and innovation in the development and deployment of disruptive technologies, on a commercial basis, targeted at tackling national and global challenges. It is managed by the Department and administered by Enterprise Ireland.
The Fund encourages collaborative partnerships between industry, especially SMEs, and public research bodies in applying industrial research under the six themes of the national Research Priority Areas, in areas such as health, climate action, food, ICT, manufacturing and processes. The Fund is open to projects that seek to alter markets, alter the way business operates or involve new products or the emergence of new business models. SME participation is mandatory for a project to be eligible for funding.
Successful applications under the first four DTIF Calls have been announced to date, with total funding of over €288 million to 86 innovative projects having been approved.
The funding allocations for the Fund under the Revised Estimates Volume (REV) for 2021, 2022 and 2023 are set out in the following table.
|
Year |
REV Allocation |
|
2021 |
€32m |
|
2022 |
€67m |
|
2023 |
€61m |
