Irish projects receive over €269 million in EU funding

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Researchers from Irish companies and higher education institutions have won funding totalling €269 million since 2007 for research projects in areas like ICT, health, nano-technology and energy, announced Minister for Science, Technology and Innovation Conor Lenihan.

The €50 billion Seventh EU Framework Programme (FP7), the largest European R&D funding programme ever, is seen as a major asset in the EU’s fight against the current economic crisis with its ring-fenced budget growing every year by 13% until 2013.

FP7 runs from 2007 to 2013 and in the period up to November 2010, researchers from Irish companies and higher education institutions won funding totalling €269 million for collaborative research projects in areas like ICT, health, nano-technology and energy research.

Companies have secured €66.7 million of the funding to date. SMEs account for 74% of the funding to private industry, funding that is enabling Irish SMEs to collaborate with world-class research teams across Europe.

Speaking in Brussels after a meeting of EU Research ministers, Minister Lenihan said he was particularly pleased to see the high level of activity of Irish researchers both from academic and industry.

“In the period from the commencement of FP7 up to now, there were 3,523 participations from Irish-based organisations in proposal submissions requesting European funding.

“From these proposals, 847 applicants were successful, receiving €269m, giving an overall Irish success rate of 24.04%, above the European Member State average of 22.47%… The new ideas and innovations generated from these research collaborations will help create new high quality jobs,” the Minister added.

Lenihan discussed with other EU Ministers and Commissioner Maire Geoghegan Quinn the preparation of the next round of European funding for research, due to commence from 2014.

“Ireland has begun work on identifying key priorities for Ireland for the next round. We want to ensure that the next programme will enable Ireland’s researchers continue to participate actively in the programme, in areas which will benefit and grow the Irish economy,” the Minister concluded.

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