29/11/2013

Funding Announced For Functional Foods Technology Sector

Richard Bruton T.D. Minister for Jobs, Enterprise and Innovation has announced a second term of funding worth €21m for the functional foods Technology Centre, Food for Health Ireland (FHI).

The Department of Jobs, Enterprise and Innovation, through Enterprise Ireland will invest €16M in FHI with the remaining €5M being provided by the companies involved in the research centre; Carbery, Dairygold, Glanbia, the Kerry Group, and the Irish Dairy Board.

Details of the investment were made at the first Technology Centres Expo which was hosted jointly by Enterprise Ireland and IDA Ireland in Leopardstown, Dublin. FHI is one of 15 Technology Centres in the €100M Technology Centre Programme which is supported by the Department of Jobs through Enterprise Ireland and IDA Ireland, and will employ 73 people

There are more than 300 companies in Ireland engaged with 15 technology Centres. These industry-led research centres of excellence operate at the interface between industry and the academic environment to increase the generation of new, commercially viable knowledge. They currently focus on developing new technologies in the areas of cloud, analytics and learning technologies; manufacturing and materials; energy; food and health and financial services and business processes.

Promoting a healthy diet for a healthy life, FHI 'mines' milk to identify novel bioactive ingredients to develop functional foods which will offer health benefits to consumers. FHI is increasing its focus on infant nutrition, healthy cheese, sports drinks, 'healthy aging' drinks and products that can be used to manage Type 2 diabetes and obesity using the €21M it has received for its second research phase.

Minister Bruton said: "The food sector is a key sector targeted as part of the Action Plan for Jobs. FHI is an excellent example of the commercial output that the Government expects from the other centres in the programme, with combination of industry expertise and academic excellence producing a new generation of technologies, products and services.

"My Department is providing €16M in this second term of funding to support the move to human intervention studies and an increased focus in commercialisation of the research outputs of the first phase of the centre. I wish them every success and look forward to seeing the commercial outcomes and ultimately jobs that are created from this initiative."

(CD/MH)

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