Irish Minister for enterprise, trade and employment, Micheál Martin T.D., has unveiled a new €30m fund designed to build a stronger and more professional technology transfer function within higher education institutions in Ireland. The funding will be provided through Irish state development agency, Enterprise Ireland.
Minister Martin said: “Over recent years the State has committed very significant investment into higher education R&D through various government departments and state agencies. This R&D investment will have a major impact on the development of Ireland’s skill base and is essential to driving the economy forward. It also has the potential to make a more direct economic impact through the commercialization of research results that have real market potential.”
He adds that a positive economic impact will only be achieved if new technology is transferred effectively from the higher education sector to industry, either through the creation of new start-up companies or through the introduction of new products and processes into existing industry.
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