€29m funding for Regional Enterprise Development Fund

€29m funding for Regional Enterprise Development Fund

Minister for Business, Enterprise and Innovation Heather Humphreys TD today announced the results of the second round of the Regional Enterprise Development Fund, an open national competitive call to support regional projects, delivered for the Government through Enterprise Ireland.

Twenty-one successful applicants are approved the offer of funding totaling just over €29 million. The winners were selected through a rigorous evaluation process based on criteria which included impacts and value for money, collaboration and participation, viability and sustainability, building regional strengths and significance for innovation.

Successful projects announced at today’s event in the Meath Enterprise Centre include:

• The Boyne Valley Food Innovation District DAC, Meath – €1,580,640 
• Bioconnect Innovation Centre CLG, Monaghan – €4,976,880 
• Galway City Innovation District CLG – €2,487,400 
• Innovate Limerick T/A Hospital Foods DAC – €2,279,073 
• Ludgate Operations CLG, Cork – €1,990,392 
• National Design Innovation Hub DAC Carlow/Kilkenny – €1,843,320 
• Clare MEZ (Maritime Economic Zone) DAC – €1,759,226

Congratulating the winners, Minister of State for Training, Skills, Innovation, Research and Development John Halligan said, "I want to congratulate all those groups that have been approved for funding today and am very pleased that the Regional Enterprise Development Fund is getting behind projects that are emerging from the ground up. In my own region of the South East, a strengthening collaborative mindset is leading to strong initiatives that have today attracted more than €2.8 million in Government investment."

CEO of Enterprise Ireland, Julie Sinnamon added, "The successful applicants represent a broad range of projects across a variety of sectors including food, agri-tech and lifesciences. Our aim is to build on a strong regional ecosystem to include a variety of companies and sectoral clusters with best in class physical and digital infrastructure and appropriate research and technology capability."

Source: www.businessworld.ie