Aughrim company secures €50,000 in research funds

A SOUTH Wicklow business has been awarded funding to the tune of €50,000 under an EU scientific research programme.

The funding was announced this week and GDG, Aughrim was selected as one of nine SMEs to receive the grant which is awarded under the Horizon 2020 SME Instrument.

Each of the companies receives the lump-sum payment to cover drafting a business plan plus three days of business coaching and free business acceleration services.

GDG will put the funding towards the development of a Decision Support Tool to Manage Earthworks along Road and Rail Networks

Companies can apply for two distinct phases under the SME Instrument, depending on the maturity of their innovation.

Under Phase 1 of the SME Instrument each project will receive a lump-sum of €50,000 to carry out a feasibility study.

Under Phase 2, each project will receive from €0.5 to €2.5 million to finance innovation activities such as demonstration, testing, piloting and scaling up.

Applicants can request higher amounts if duly justified in their application.