Arralis

Three Irish SMEs awarded EU funding worth up to €2.5m

Trade
Pictured: Eamonn Boland, Mike Gleaves, Oscar Gomez, Barry Lunn and Marie Bourke, Arralis

8 September 2015

A further three research-led Irish companies are to receive funding under Phase 2 of the European Commission’s Horizon 2020 SME Instrument.

Arralis , OncoMark and Luxcel will receive up to €2.5 million and 12 days of business coaching to finance and develop their business plans.

This announcement brings to 34 the total number of Irish SMEs funded so far under the instrument – 25 under Phase 1 and nine under Phase 2.

Arralis, based in Limerick, will receive funding of over €1.1 million for its radar technology project: Commercialisation of 94GHz Phase Shifting Radar (PSR94). The PSR94 is a 94GHz Phase Shifting Radar front-end to be commercialised and sold primarily to millimetre wave radar systems manufacturers in the Aerospace sector.

In the aviation sector, landing helicopters in very poor visibility, such as dusty conditions (brownouts), causes GPS systems and infra-red devices to be inaccurate. The PSR94 solves this problem providing the capability for high resolution imagery in these difficult conditions. And high resolution radars are required for runway debris and bird control. In airports, the use of small radars to identify potential danger to aircrafts from birds and debris on the runway would prevent damage to infrastructure.

Dublin-based OncoMark Limited will receive €2.7 million in EU funding over two years for their project OncoMasTR Novel Prognostic Assay for Early Stage Breast Cancer (OncoMasTR).

The company, which employs 10 and plans to double this figure over the next two years, focuses on the development of novel panels of cancer biomarkers to aid treatment decisions and allow more tailored patient management.

Finally, Luxcel Biosciences from Cork will receive an unspecified sum to continue work on ProtectDaity-F2F, which seeks to find more resource effecient ways to produce and process food.

Since the launch of the programme on 1 January 2014, 273 SMEs have been selected under Phase 2 of the SME Instrument, sharing more than €387 million in funding.

TechCentral Reporters

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