Eight Irish businesses to receive €31m in EC funds

By: June 9, 2020
EC funding for irish startups 2020

Eight Irish startups and SMEs will receive over €31m in funding from the EC. The money is from the Horizon 2020 European Innovation Council (EIC) Accelerator Pilot.

In total, the Commission is to give 72 European startups and SMEs €314m to support the development and the growth of their companies.

The money for this call was increased by the EC to ensure several Coronavirus relevant innovations were supported.

Horizon 2020 is the EU’s programme for research and innovation. It has a budget of €75 billion and runs from 2014 to 2020.

Garrett Murray, national director for Horizon 2020 at Enterprise Ireland.“To date, Irish companies and researchers have been awarded €907m in funding under Horizon 2020. There are still many opportunities for Irish businesses and researchers across the Horizon 2020 Programme, including calls for proposals under the European Green Deal, worth €1bn that will be issued in the autumn,” says Garrett Murray, national director for Horizon 2020 at Enterprise Ireland (pictured).

For more details on how to apply for Horizon 2020 funding go to www.horizon2020.ie .

The businesses from Ireland
The five Irish SMEs to receive funding worth between €1.2 million and €2.5 million to tackle the coronavirus are:
Exvastat Limited (Dublin) is to receive a grant for Impentri, a pharmacotherapy for ARDS (Acute Respiratory Distress syndrome) to lower mortality and improve quality of life of patients;
Siriusxt Limited (Dublin) is to receive blended finance (i.e. grant and equity support) for Licent, a Lab instrument for cell nano-tomography;
Remedy Biologics Limited (Ashbourne) is to receive blended finance for its Rapid COVID-19 Passive Therapy Response Platform;
Aquila Bioscience Limited (Moycullen, Galway) is to a grant for ABwipe, an innovative, safe and effective bio-decontamination technology for non-toxic removal of biological agents, including coronavirus;
Kastus Technologies Limited (Dublin) is to receive a grant for its Spyglass project – a disruptive antimicrobial coating for the protection of glass surfaces and designed to tackle the emergent crisis of resistant microbes and viruses.

Recovery planners
The three Irish SMEs to receive funding worth between €1.8 million and €2.5 million to help contribute to the recovery plan for Europe are:
Kite Medical Limited (Galway) is to receive a grant for its (first) non-invasive device to detect kidney reflux in children;
Provizio Limited (Limerick) is to receive a grant for its Accident Prevention Technology Platform;
OneProjects Design Innovation Limited (Dublin) is to receive a grant for its Development and clinical validation of novel smart device to provide real-time ablation + tissue analysis through advanced 4D imaging.