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."


Related Northern Ireland Business News Stories
Click here for the latest headlines.

23 August 2002
Conference highlights £1.27bn SME sector funding
A major European conference next month aims to help small firms to access the £1.27 billion of cash aid available to SMEs throughout the UK.
15 November 2010
European Energy Award Comes To Ireland
An Irish student has won the prestigious European Energy Savings Award. Karimah Gambo - a transition year student at St. Joseph's College, Lucan, Co Dublin - was presented with the accolade in early November in Trieste, Italy, by Fabio Tomasi, Head of International Project, AREA Science Park.
22 October 2013
Minister Launches A Nationwide Network Of Technology Gateways
A nationwide network of Technology Gateways, capable of delivering technology-based solutions for companies in Ireland was launched by Seán Sherlock T.D. Minister for Research & Innovation in Thomond Park, Limerick.
21 March 2003
Boston base forms NI bridge to US
Northern Ireland companies and the University of Ulster are connecting with business opportunities in Boston’s famed Route 128 technology corridor with help from Invest NI.
25 June 2019
Software Firm Brings 100 Jobs To Belfast
An America software firm has announced an operational expansion to Belfast that will create 100 jobs. Dynamic Signal, a leading Employee Communication and Engagement Platform, offers technology that enables companies to engage with staff on any device or channel with relevant targeted news, information and updates.