€17 million for groundbreaking projects in Limerick to future proof economy – Byrne

€17 million for groundbreaking projects in Limerick to future proof economy – Byrne

Limerick based Curran Scientific Ltd project receives highest allocation of €8.4 million

Some €17.2 million funding has been secured for groundbreaking projects in Limerick to futureproof the local economy, a Fine Gael senator has said.

“Amryt Pharma, Curran Scientific Ltd (based in Limerick), UCD, DEBRA Ireland project has received €8.4 million for a project which aims to disrupt the Viral Gene Therapy Market using a new Polymer-based Delivery Platform”

“Cala Medical, Curran Scientific, UL has received €5 million for research into the treatment of sepsis”

“SEAM Research Centre, Schivo Medical, Graph Treatments Ltd, STRYKER, DIT have received €1.9 million for a project to develop Additively Manufactured (using 3-D printing), Biocompatible, metallic components for the medical device industry. HookeBio Ltd, CIT, CAPPA, NUIG have received €1.9 million to research allowing pharma companies and clinicians to develop more accurate and responsive disease models for drug testing”

Senator Maria Byrne said : “This Disruptive Technologies Innovation funding, part of the Project Ireland 2040 Fund, is a key part of the Government’s Future Jobs initiative, a new whole-of Government plan to secure Ireland’s economic success.

“This Fund is about ensuring that Ireland – and Limerick – can stay ahead of the game to secure the jobs of the future.

“Disruptive technologies will significantly change the way that we work and live, and we need to embrace the changes coming our way.

“This Fund is one of the first funds of its type in the world. It is targeted towards tackling national and global challenges to future-proof our economy.

“The Government already has plenty of support programmes through SFI, the IDA, Enterprise Ireland and InterTrade Ireland. But never before have we had a Fund to support company-to-company collaborations working with public research bodies.

“I am delighted Limerick will benefit from such an excellent initiative.”

Minister for Business, Enterprise, and Innovation Heather Humphreys said: “All projects involve at least one SME and many are led by an SME.

“Disruptive technologies will significantly change the way that we work and live and we need to embrace the changes coming our way.

“A recent OECD study estimated that the average Irish worker faced a 46 per cent probability of being automated by the 2030s so we cannot afford to stand still.

“We are lucky in this country to have amazing companies that are doing amazing things in technology, both indigenous and multinational. We also have world-class researchers so there is a lot we can achieve by working together.”

 ENDS

Contact  

Maria Byrne

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