Funding boost for Dundalk IT

There was good news for DkIT last week as it shared in a pot of €4.6 million as part of the Regional Technology Clustering Fund.

DkIT received €287,928 in funding to support the development of a Connected Health and Wellbeing Industry Cluster in the North East, capitalising on internationally-recognised research, innovation and business development strengths and expertise at the Institute.

DkIT President Michael Mulvey, welcomed this additional government funding, which was allocated on a competitive basis.

‘Driven by global challenges, the science and technology associated with the areas of Health and Wellbeing are creating one of the world’s fastest-growing opportunity markets and our region has a wealth of talent, innovation and research expertise in this space,’ he noted. ‘Increased investment in this area will allow us to build on regional research, innovation and industry strengths and unlock further opportunities to grow this sector to benefit the economic and social development of the region.’

The DkIT was one of twelve successful applicants representing academic institutions from across all regions to have secured funding for their projects.

The €4.6 million fund provides a platform for engagement between enterprise and regionally-based academic institutions, the Institutes of Technology (ITs) and Technological Universities (TUs), in order to drive productivity and competitiveness in and across the regions.

Announcing the successful applicants of the fund in Trim, Co Meath, last week, Minister for Business, Enterprise and Innovation Heather Humphreys TD said: ‘Strengthening collaboration between industry leaders and Higher Education Institutions is a key priority for Government as we work to ensure we have balanced regional development.’