Ireland securing 2.8 million per week in EU R&D funds

Ireland South MEP Deirdre Clune (FG) has said that Irish companies and organisations are now securing 2.8 million per week on average in EU research and development funding and described it as an indication of how much our economy has diversified since 2014. She also said that Waterford can and should fight for a greater share of that funding.
“Ireland has punched above its weight when it comes to drawing down funds under the Horizon 20/20 programme. Horizon 20/20 is the biggest EU Research and Innovation programme that has committed to 80 billion in EU funds over seven years, between 2014 and 2020.
“Waterford companies like Sedicii Innovations have received EU funding under the Horizon 20/20 programme.”
Ms Clune added: “We have a current success rate of 13.98% compared to a pan European average success rate of 13.8%. Much of the 180 million in funds that have come from this programme so far to Ireland have gone to rural Ireland.
“Around €3 billion of the Horizon 20/20 programme specifically targets SMEs that have the potential to develop ground-breaking and innovative ideas for products, services or processes that are ready to face global market competition.
slide1_10761_385“The Government has set a target of getting €1.25bn to Ireland from this fund by the end of 2020 and are currently on track to do so. By investing in such companies, we are ensuring that we have a healthy mix of jobs in the economy and that we are not over dependent on one sector, as we were on construction during the boom years, in particular in rural Ireland.
The Ireland South MEP paid tribute to Enterprise Ireland and officials in Brussels who have been instrumental in driving Irelands applications under the Horizon 20/20 funding scheme. She encouraged companies who think they may be suitable for EU research and innovation funding to get in touch with her office or with Enterprise Ireland directly.

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