Funding of over €180,000 has been allocated to GMIT for equipment to carry out vital Research & Development projects.
GMIT was one of 37 successful applicants across the Third Level sector to the Capital Equipment Fund which is administered by Enterprise Ireland.
Over €6 million in funding will be provided to the successful applicants, with GMIT receiving €180,477 to secure equipment for their important research project for an Ultrasound System and Associated Transducers.
Minister Ciarán Cannon welcomed the funding, and explained that the winners were selected through a rigorous evaluation process based on eligibility criteria.
The criteria included 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.
“The Enterprise Ireland Technology Gateway Programme aims to bring Irish companies together with Irish research institutes to provide near-to-market innovation and solutions in a range of areas, both regionally and nationally,” said the Fine Gael TD.
“Due to the difficulties presented by COVID-19 to our economy and society, we must ensure that we are doing all we can to support companies and research centres in Galway so that they can continue Ireland’s strong track record of being at the forefront of cutting-edge research and development,”
Announcing details of the funding, Minister Humphreys said: “This fund directly supports innovative projects that are emerging from the ground up, providing the necessary technology to our Technology Gateways and Technology Centres to nurture and develop cutting edge research projects.
“I am confident the successful projects announced today have the potential to make a positive impact for the benefit of wider society including the development of innovative solutions and methodologies to address immediate national and global needs with respect to the Covid 19 crisis.”