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€4.5 million investment in research commercialisation to positively impact the economy and society

Thursday February 7th, 2019

Minister for Business, Enterprise and Innovation, Heather Humphreys TD, and Minister for Training, Skills, Innovation, Research and Development, John Halligan TD announced €4.5 million in funding for 38 research projects to support the commercialisation of government-funded research. 47 research positions will be supported through the awards, in areas such as cancer research, preterm infant care, medical devices, agriculture, energy and food technologies, for a duration of 12 months.ireland

The funding is provided through Science Foundation Ireland’s Technology Innovation Development Award (TIDA) programme, which has been running since 2009. The programme provides project development funding and training in entrepreneurship skills to third-level researchers, to support them in exploring commercial opportunities associated with their research. Researchers will demonstrate if an applied research project (that is, research used to find practical solutions to everyday problems, cure illness, etc.), is technically feasible, and has potential for further commercial development.

Speaking of the awards, Minister for Business, Enterprise and Innovation, Heather Humphreys TD, said “I am delighted to announce the recipients of the SFI TIDA Awards and commercialisation support for 38 research projects. The programme is aligned with a number of key Government strategies including Innovation 2020, the National Policy Statement on Entrepreneurship in Ireland and Project Ireland 2040. It will develop important entrepreneurship skills and commercialisation capabilities, ensuring Ireland maintains its position as a leader in cutting-edge research.”

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