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Dublin: 6 °C Saturday 25 January, 2020

Irish scientists encouraged to chase €80 billion EU fund

The country is targeting up to €1.25 billion in funding over the next seven years.

Immunologist working in lab
Immunologist working in lab
Image: Anna Jurkovska via Shutterstock

OVER 2,000 SCIENTISTS will attend the Irish launch of an €80 billion European science fund.

Horizon 2020 will see the funding paid out in grants to European scientists, research institutions and companies over the next seven years. That figure is a 30 per cent increase on the previous scheme.

Minister of State for Research and Innovation Sean Sherlock last week told that the fund would allow Ireland “meet the grand societal challenges of our time” and was today calling on eligible bodies to go after the funding.

“Irish SMEs can engage in large collaborative projects, or seek support through a new dedicated SME instrument for highly innovative smaller companies.

“The amount of red tape has been slashed and a risk finance support for SMEs is being put in place to generate commercial value from their research, resulting in economic growth and job creation.”

The country is aiming to bring in over €1.25 billion in funding through the scheme over the next seven years.

National director of Horizon 2020, Dr Imelda Lambkin says that it is vital that Ireland attracts new companies to apply for the funding.

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