Business Irish

Saturday 20 January 2018

€300m investment in research will be a game-changer, says Bruton

Jobs Minister Richard Bruton
Jobs Minister Richard Bruton
Fionnan Sheahan

Fionnan Sheahan

THE Government is rolling out the largest ever joint fund for research, paid for by both the taxpayer and the private sector.

The €300m research and development package will be invested in seven research centres, described as “world class”, over six years.

€200m of new funding is coming from the exchequer with another €100m from industry.

The Government says it the largest ever combined state and industry co-funding announcement of its kind in the research field in the country.

Among the research areas to be funded are:

* “Big Data”;

* food research around microbes which live in the gut;

* marine energy;

* screening and diagnostic tests for perinatal and neonatal conditions.

Jobs Minister Richard Bruton said a key part of the Action Plan for Jobs was to build on achievements in scientific research over the past decade “and turn more good ideas into good jobs”.

“Today’s announcement will lead to the establishment in Ireland of world-class centres of research excellence and scale which will be game-changers for Irish scientific research,” he said.

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