Industry & Business

Irish SME’s score €26.5 million with highest success rate in Horizon 2020 project

 Breaking News
  • Grand Canal Innovation District Planned For Dublin A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. [...]...
  • Heiton Buckley Unveils Newly Refurbished Mayo Branch Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished branch in Castlebar, County Mayo . GAA star, Andy Moran, CEO of Grafton Merchanting ROI, Patrick Atkinson, Heiton Buckley Castlebar Branch Manager, Mick Kane, and longtime customer Mick Duane officially cut the ribbon and kicked [...]...
  • Export Sales by Enterprise Ireland Client Companies Hit New Record Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded export sales of €22.71 billion in 2017, representing a 7 per cent increase on 2016. This is the highest level of export sales recorded in the history of the agency and the eighth-consecutive year of [...]...
  • BAM Wins €25 Million Contract to Build New Cheese Factory in Cork TINE Ireland, a subsidiary of the Norwegian dairy co-operative TINE, has awarded the construction of a new Jarlsberg® cheese production facility and administration building at Mogeely, County Cork, to BAM Ireland. The contract value is more than €25 million. TINE is Norway’s largest producer, distributor and exporter of dairy products with 11,400 members (owners) and [...]...
  • HBAN Scoops Major European Business Angel Network Award HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, was crowned Globally Networked Organisation 2018 at the recent EBAN (European Business Angel Network) Awards Ceremony held in Sofia, Bulgaria. HBAN was awarded the prominent European accolade in recognition of the significant [...]...

Irish SME’s score €26.5 million with highest success rate in Horizon 2020 project

Irish SME’s score €26.5 million with highest success rate in Horizon 2020 project
October 11
10:38 2016

New figures released by the European Commission show that Ireland has the highest success rate in Europe for the Horizon 2020 SME Instrument, with SMEs in the country securing €26.5 million from the fund.

Horizon 2020 is a massive EU project that aims to transform research and innovation with nearly €80 billion in funding designed to provide more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market.

Irish SME’s success rate of 16% is far greater than the European average of 6%. Ireland lies in first place for successful participation in this component of the Horizon 2020 initiative.

The largest beneficiary from the programme in Ireland is Radisens Diagnostics, who has received €4.48 million to date.

The SME Instrument Innovators Summit due to take place on the 10th and 11th of October will gather 250 SMEs from across all member states who have received Horizon 2020 funding to meet 142 investors at a brokerage event to initiate steps to commercialise the outcomes of these SME projects.

According to Enterprise Ireland, Irish SMEs are not only more successful than their European counterparts, they are also targeting larger sums of money from the project.

National Director of Horizon 2020, Dr Imelda Lambkin from Enterprise Ireland, says: “Irish SMEs play a vital role in the growth of the Irish economy. Seeing so many Irish companies successful at a European level validates the supports provided by Enterprise Ireland to develop high growth, highly innovative SMEs who have the innovative solutions and capability to win Horizon 2020 funding.”

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4