Irish companies score in ‘Champions League’ of EU innovation grants

Four Irish start-ups secure EU funding of more than €5m to expand their businesses

Enterprise Ireland chief executive Julie Sinnamon  and Bernd Reichert, head of the ‘SMEs in Horizon 2020’ unit. Photograph:  Chris Bellew/Fennell Photography

Enterprise Ireland chief executive Julie Sinnamon and Bernd Reichert, head of the ‘SMEs in Horizon 2020’ unit. Photograph: Chris Bellew/Fennell Photography

Irish companies are punching above their weight when it comes to securing European innovation grants, with four Irish companies seeing off the competition to secure funding in the latest round of the European Commission’s SME Instrument.

The latest round of funding, which has just been announced, will see Eirecomposites Teoranta and W1Da Experience (in a combined project), Soapbox Labs and Pure Fibre secure funding of more than €5 million as part of the latest round of the instrument.

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