Search Results for 'Disruptive Technologies Innovation Fund'

Galway medical device company Ceroflo has closed out an investment round which has raised €6.4m to advance its disruptive technology to revolutionise the treatment of intracranial atherosclerotic disease (ICAD), a leading cause of stroke.

MBRYONICS Ltd, a Galway-based company which specialises in developing advanced optics for the space industry, has just secured €4.1 million in funding through the Disruptive Technologies Innovation Fund (DTIF). The company is planning a significant expansion and aims to create a ‘Silicon Valley’ for earth-orbit communications technology in the west.

Galway-based MedTech company Versono Medical has opened its newly-expanded laboratories and offices over two floors at its current facility in Parkmore Business Park. The company, founded in 2018 by CEO Finbar Dolan and CTO Hugh O’Donoghue, has grown from just two people to 22 since it opened.

Galway is emerging as Ireland’s “innovation capital”, according to a government minister, after more than half of the €40 million allocated to disruptive technology projects nationwide this week was awarded to consortia based in the county.

825 new full-time jobs were created in Gaeltacht companies in 2021, the highest number of jobs created in one year since 2008. When job reductions are taken into account, there is a net increase of 446 in overall employment – the largest annual net increase since 1996.

A €2.9 million project aimed at tackling plastic packaging pollution has been launched by Technological University of the Shannon: Midlands Midwest (TUS).

ÉireComposites, an innovative design, manufacturing and testing company based in Inverin last evening announced a partnership with Manna Galway that will see it design and develop an aerospace grade carbon fibre airframe for Manna. Alongside NUI Galway (NUIG) the two companies also announced that they received €2.44 million for the MI-DRONE project. The funding comes from the Department of Enterprise, Trade and Employment under its latest round of the Disruptive Technologies Innovation Fund (DTIF).

NUI Galway researchers and company partners have been awarded over €10.3 million in Disruptive Technologies Innovation Fund (DTIF). The Disruptive Technologies Innovation Fund was established under Project Ireland 2040 and is run by the Department of Business, Enterprise and Innovation with administrative support from Enterprise Ireland.

Three companies from the WDC Investment Fund’s portfolio companies have secured €6.7 million in funding from the first round of the Government’s Disruptive Technologies Innovation Fund (DTIF). Another two companies have received awards in the InterTradeIreland Seedcorn Competition.