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Minister Creed welcomes the announcement of over €5 million in funding for agri-food and marine projects under the Government's Disruptive Technologies Innovation Fund

The Minister for Agriculture, Food and the Marine, Michael Creed T.D., welcomed the success of agri-food and marine companies, in partnership with Ireland’s leading research performing organisations including Teagasc, the Marine Institute, the Universities, and the Higher Education Institutions, who will collectively receive in excess of €5 million in funding under the inaugural Call of the Government’s new Disruptive Technologies Innovation Fund (DTIF).

Speaking shortly after the announcement of the funding earlier today by An Taoiseach and the Minister for Business, Enterprise and Innovation, Heather Humphries, Minister Creed said  ‘this is a huge boost for the agri-food and marine sector and highlights the innovation potential that exists in our SME’s and research performing organisations, particularly when working together in close collaboration. I would like to take this opportunity to congratulate the applicants on their success in what was a highly competitive funding call.’

In recognition of the agri-food and marine sector’s importance and significant role it plays in maintaining rural economies and communities the minister further added that ‘I have been particularly encouraged by the participation and success of rural based SME’s under this Call. These industries are vital to the economic stability of the country as a whole and the opportunity for SME’s to collaborate with some of our leading academic institutions will be of enormous benefit in the safeguarding and future growth of the economy, jobs and rural communities.’  

 ENDS

Date Released: 10 December 2018