Countless Meath students have graduated from Dundalk Insititue Of Technology, (DKIT), and the current intake will be glad to learn that the college has benefited from the latest round of Capital Equipment Fund grants.
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD has announced the successful applicants of the Capital Equipment Fund administered by Enterprise Ireland through the Technology Gateway and Technology Centre Programmes. 29 successful projects from across the third level sector have secured over €6million in funding to assist them in buying world-leading research equipment that will serve the Research and Development (R&D) needs of Irish industry.
DkITs award secured just under €0.5M for the CREDIT Technology Gateway. https://enterprise.gov.ie/en/News-And-Events/Department-News/2021/July/14072021a.html
The €6m fund will provide companies with access to critical, leading-edge equipment that will allow them to engage in R&D activities, pilot manufacturing capability for new products and process development, enhance technology validation and testing capabilities, test bed generation and enhanced training potential for key industry staff on emerging technologies in collaboration with the technology gateways and technology centres across Ireland.
The winners were selected through a rigorous evaluation process based on eligibility criteria for the call which included, but was not limited to, a strong track record of industry engagement, a significant industrial need for the new equipment, and space to service and maintain the equipment according to international standards.
Funding was based on an extensive review process which looked at the number of companies that will benefit and the criticality of the equipment to servicing their R&D needs, how access to the equipment can be shared across the technology gateway and technology centres network and current capability gaps within the collaborative research system that can be alleviated by making this equipment available.