In December of last year, the Minister for Further and Higher Education, Research, Innovation and Science, Simon Harris TD announced that another three innovative projects have been approved funding of up to €13.3 million in the second tranche of awards under the fourth round of the Disruptive Technologies Innovation Fund (DTIF).
This brings the total allocation of DTIF funding to over €288 million, with over €165 million (57%) of the funding awarded to project partners outside of Dublin.
The Disruptive Technologies Innovation Fund (DTIF) is a €500 million fund established under the National Development Plan (NDP) in 2018. The Department of Enterprise, Trade and Employment manages the DTIF with administrative support from Enterprise Ireland.
The purpose of the Fund is to drive collaboration between Ireland’s world-class research base and industry as well as facilitating enterprises to compete directly for funding in support of the development and adoption of these technologies. The aim is to support investment in the development and deployment of disruptive technologies and applications on a commercial basis.
The then Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD, said:
“Innovation opens the door to future growth, future prosperity, and future jobs…These technologies will help us embrace new opportunities, futureproof our economy and provide resilience for the challenges we face today and for those that lie ahead.”
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