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Minister Bruton announces €21M investment in ‘milk mining’
Jobs Minister Richard Bruton today announced a second term of funding worth €21M for the functional foods Technology Centre, Food for Health Ireland (FHI).
The Department of Jobs, Enterprise and Innovation, through Enterprise Ireland will invest €16M in FHI with the remaining €5M being provided by the companies involved in the research centre; Carbery, Dairygold, Glanbia, the Kerry Group, and the Irish Dairy Board.
There are more than 300 companies in Ireland engaged with 15 technology Centres. They currently focus on developing new technologies in the areas of cloud, analytics and learning technologies; manufacturing and materials; energy; food and health and financial services and business processes.
Making the announcement Minister Bruton said:
The food sector is a key sector targeted as part of the Action Plan for Jobs. FHI is an excellent example of the commercial output that the Government expects from the other centres in the programme, with combination of industry expertise and academic excellence producing a new generation of technologies, products and services.
Read the full press release
here.