Jobs Minister Richard Bruton and Skills, Research and Innovation Minister Damien English today announced Government and industry funding of €245 million for the establishment of five new world-class SFI Research Centres in Ireland.
The funding of €155 million from the Department of Jobs will be delivered through Science Foundation Ireland’s Research Centres Programme, coupled with €90 million in cash and in-kind contributions from industry partners.
The funding will support cutting-edge research in critical and emerging sectors of the economy which are key for job creation in Ireland. The funding will be provided over the next six years, 2014-2020.
The new funding has been competitively awarded in areas of national importance closely aligned to industry and enterprise needs, job opportunities and societal goals.
As a result of today’s announcement there will be a total of twelve SFI Research Centres in Ireland. Today’s investment marks the second tranche of funding under the SFI Research Centres Programme; last year €300 million (€200 from SFI and €100 from industry) in funding was announced for seven research centres, the largest ever combined Government and Industry co-funding collaboration of its kind in the research field in Ireland.