Minister for Further and Higher Education, Research, Innovation and Science Simon Harris T.D. has  announced funding of €50 million under the new Technological Sector Advancement Fund (TSAF).

This fund replaces the Technological Sector Transformation Fund, which focused on the establishment of our Technological Universities.

The purpose of the €50 million fund is to move past establishment phase and to embed the five TUs in the regions they serve

Speaking today, Minister Harris said: “The Government has been to the fore in providing a range of funding supports – current and capital – to establish and develop our new technological universities and to support all institutions in the wider technological sector. I am delighted to announce further new funding today to ensure the TUs are embedded in their regions.

Dundalk Institute of Technology has been allocated  €3.2 million in the coming year.
Seven applications for funding were made to the TSAF from institutions in the technological sector.
TSAF allocations for projects commencing 1 January 2024 are as follows.

Institutions

Allocations:

Atlantic Technological University (ATU)          €8,500,000

Dundalk Institute of Technology              €3,200,000

Munster Technological University (MTU)        €7,500,000

South East Technological University (SETU)   €9,500,000

Technological University Dublin
(TU Dublin)                                                              €9,500,000

Technological University of the Shannon:
Midlands Midwest (TUS)                                      €7,000,000

Allocations Total                                                  €45,200,000