July 19
Irish SMEs feature strongly among businesses who have secured funding from an EU research fund
The Irish Examiner says that Irish SMEs feature strongly among businesses who have secured industry funding from an EU research fund. More than EUR55 million has been awarded to businesses here out of a EUR213 million dividend received by Ireland to date from the seventh framework programme (FP7) for research and technological development. Higher education colleges secured 61 percent of the funding, but 26 percent went to industry. “SMEs account for over 69 percent of the funding to private industry, funding that is enabling Irish SMEs to collaborate with world-class research teams across Europe,” said the Department of Enterprise, Trade and Innovation.