- Collaborative projects include household electricity generation, sepsis treatments, coastal flooding supports & medical 3D printing.
- Project Ireland 2040 fund allocating €500m over next 10 years
- Key element of Government’s ‘Future Jobs’ initiative
Taoiseach Leo Varadkar and Business Minister Heather Humphreys have unveiled the 27 innovative projects who are sharing over €75 million in funding out to 2021 under the first tranche of the Disruptive Technologies Innovation Fund.
They include a scheme to help communities generate their own electricity, new treatments for sepsis, a support system for coastal flooding and advanced 3D printing of medical implants.
27 projects from sectors like life sciences, medical devices, ICT, manufacturing, food, agriculture, energy sustainability and the creative industries made successful applications for this first round of funding. All include collaborations between start-ups, SMEs, multinationals and academic institutions. Every project involves at least one SME and many are led by an SME. Over the next ten years some €500 million will be allocated through the fund, which was announced as part of Project Ireland 2040.
The projects can use the funding to develop and deploy their disruptive innovative technologies on a commercial basis. The Fund is a key part of the Government’s ‘Future Jobs’ initiative, a new whole-of Government plan to secure Ireland’s economic success, starting in 2019. It is one of the first funds of its type in the world and is aimed at tackling national and global challenges to secure the jobs of the future.
Announcing the successful projects at a special event at the Royal College of Surgeons in Dublin today, the Taoiseach said:
The creation of this fund is particularly timely when we consider the vast and rapid technological advancements that are taking place. Today everything is faster, more efficient, and more easily accessible. We must adapt to a future of greater digitalisation and automation. Today’s school children will be employed in jobs and industries that don’t exist yet. Technology will eliminate or transform existing occupations.
We are currently developing a new Plan, the Future Jobs Initiative, to meet these challenges and ensure we assist industry to create and sustain good jobs for our people in light of future challenges and opportunities. The Disruptive Technologies Innovation Fund is central to the Future Jobs Programme. It’s our way of stimulating private investment in new technologies and ways of doing business, and building stronger links between higher education, multinationals and Irish SMEs.
Minister Humphreys said:
This Fund is about ensuring that Ireland can stay ahead of the game to secure the jobs of the future.
Disruptive technologies will significantly change the way that we work and live and we need to embrace the changes coming our way.
A recent OECD study estimated that the average Irish worker faced a 46 per cent probability of being automated by the 2030s so we cannot afford to stand still.
We are lucky in this country to have amazing companies that are doing amazing things in technology, both indigenous and multinational. We also have world-class researchers so there is a lot we can achieve by working together.
These 27 projects have devised groundbreaking solutions that will help us to future-proof our economy.
Over 300 applications were made under the first round. Successful projects have made it through a highly competitive process involving screening by a panel of international experts.
The successful projects include:
- ‘Irish Lasers for the Internet of the Future (iLife)’ led by Pilot Photonics with Dublin City University and Trinity College Dublin as partners;
- Advanced Environmental Decision Support System for Coastal Areas to tackle coastal pollution and flooding;
- Cooperative Energy Trading System: a disruptive technology platform where consumers and communities will be empowered to generate their own electricity;
- E-BAMBI: using 3-D printing to develop biomedical implants;
- ‘Beyond Food Labelling’ led by IdentiGEN with University College Dublin as partners;
- Therapeutic enzymes as a treatment for sepsis and other immune disorder diseases;
- Disruptive gene therapy platform replacing viruses in the treatment of genetic conditions, led by Amryt Pharma with Curran Scientific, DEBRA Ireland and Charles Institute of Dermatology, University College Dublin as partners;
- ‘Smart-Cardio – A Paradigm shift in Cardiac Arrhythmia Treatment, led by Atrian Medical with NUI Galway as partner;
- ‘ArtEngine 2.0: Bringing Automated, AI-Driven 3D World Creation to Market’ led by Artomatix with Black Shamrock, Keywords and WarDucks as partners;
- ‘Blockchain in the Technology Product Supply Chain’ led by Exertis Supply Chain Services with Sonalake and CeADAR as partners;
- ‘The Future of Colorectal Cancer Diagnosis and Treatment: Combining Tissue Responsive Probes, AI and Machine Learning to Transform Medical Care’ led by Royal College of Surgeons (RCSI) with Deciphex, IBM Research and University College Dublin as partners.
More information on the Future Jobs initiative is available at: https://dbei.gov.ie/en/News-And-Events/Department-News/2018/November/22112018.html
Details of the Disruptive Technologies Innovation Fund are available at: www.dbei.gov.ie/DTIF