Jul 05, 2019

Additional €100m in funding announced for disruptive technologies

State’s Disruptive Technologies Innovation Fund seeking to boost cutting edge solutions.

Irish start-ups and more established tech companies will be able to tap an additional €100 million from a Government fund to work on projects focused on cutting edge technology.

The Disruptive Technologies Innovation Fund is a €500 million fund established under Project Ireland 2040 and is run by the Department of Business, Enterprise and Innovation with administrative support from Enterprise Ireland.

 

Projects have to focused on select areas, such as robotics, artificial intelligence, augmented and virtual reality, smart manufacturing, and sustainable food production and processing. Disruptive technologies are technologies that are seen to have the potential to significantly alter markets and/or the way that businesses operate. While they may involve new products or processes, such technologies can also involve the emergence of alternative business models.

Applications for the second round of funding must be submitted to the department by 3pm on Wednesday, September 18th. Details on how to register are available at: https://dbei.gov.ie/DTIF