This year Ireland was ranked as the 10th most innovative economy in the world by the Global Innovation Index 2018, scoring highly in areas such as tech exports and foreign direct investment (FDI) net flows.
Innovation is a key component in the Irish government’s plan to boost economic growth. Find out about some of the innovative projects happening in Ireland right now.
Research and development is extremely important to the government’s plans for economic and productivity growth in Ireland.
Data from the ‘Research and Development Budget 2017-2018’ publication revealed that the Irish government spent €739.3 million in this area in 2017 and that allocated funding for R&D is estimated at €751.7 million in 2018.
Disruptive Technologies Innovation Fund
The €500 million Disruptive Technologies Innovation Fund was launched in July this year. This fund will contribute to projects until 2027.
Ireland’s Minister for Business, Enterprise and Innovation, Heather Humphreys, has said:
“We’re living in the technological revolution, and we’re looking for proposals for truly game-changing technologies. The world around us is changing and we can’t afford to stand still. The fund is about ensuring that Ireland can stay ahead of the curve”.
The Government are looking to co-fund projects that will focus on areas such as robotics, AI, augmented and virtual reality, advanced manufacturing, and smart and sustainable food production.
DCU Innovation Centres
Dublin City University (DCU) spent €3.75 million on the expansion of its innovation centres in 2017.
DCU Alpha, one of the innovation centres, has been selected to host a Dublin chapter of Europe’s largest co-working and digital innovation campus “Talent Garden”.
The new hub will offer a flexible workspace for freelancers, tech start-ups, and corporate innovation labs.
Find Irish tenders with Supply2Gov
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