Marine Institute

Minister announces €2.4 Million Investment by the Marine Institute in Industry-Led Marine Projects

January 14, 2019

 Minister announces €2.4 Million Investment by the Marine Institute in Industry-Led Marine Projects. Pic Darragh KaneThe Minister for Agriculture, Food and Marine, Michael Creed TD has announced that the Marine Institute is to provide twelve marine businesses (in collaboration with five universities) with investment funding totaling €2.4 million over 3 years. The funding is being provided to drive continued innovation in Ireland's ocean economy, a key requirement of the Marine Institute led, National Marine Research and Innovation Strategy (2017-2021). The twelve grants of up to €200,000 each which are being provided to individual companies and company-led consortia will support novel R&D and the development of new technologies in key growth areas such as marine engineering, renewable energy and the blue bioeconomy.

Minister Creed said, "Ireland's blue economy continues to grow and develop in line with the targets of the national integrated marine plan, Harnessing Our Ocean Wealth. Indigenous small and medium enterprises are identifying new commercial opportunities across a range of marine sectors which can lead to economic growth and new jobs. These industry-led awards provide the opportunity for companies to build their R&D capacity and to innovate towards new products and processes. I look forward to seeing the twelve successful companies develop and grow their businesses with the support of this significant public investment funding."

Marine Institute CEO Dr. Peter Heffernan said, "The Marine Institute is committed to assisting industry-led development through knowledge transfer, capacity building, research and Innovation. This investment in industry-led research is a key deliverable of the Marine Institute Strategic Plan 2018-2022: Building Ocean Knowledge, Delivering Ocean Services. Job creation in the marine sector is increasing as a result of such investment and Irish marine companies have built an excellent reputation internationally for innovation and best practice. The 12 companies receiving funding through this funding call have demonstrated the demand and capability to fuel further growth through marine research,".

Increased economic growth and job creation from small and medium sized enterprises based in Ireland is a key component of several national strategies and regional development plans. These awards will be carried out with the support of the Marine Institute under the Marine Research Programme 2014-2020 funded by the Irish Government, co-financed by the European Regional Development Fund (ERDF).

A diverse range of companies applied to the Marine Institute, following the launch of its Industry-led call in May 2018. Awards have been approved for companies operating in a range of marine sectors including companies such as SolarMarine Energy, Gavin & Doherty Geosolutions, Subsea Micropiles, Marine Materials Ltd, Exceedence Ltd, w1Da Experience and Resolute Marine. Bioresources processing company, Bio-marine Ingredients Ltd, was awarded funding, while advanced technologies companies, Xocean Ltd and IDS Monitoring and marine engineering companies Technology from Ideas and Ocean Energy were also successful in their funding applications. See full list of grants awarded below.

ENDS

Marine InstituteIrelands European Structural and Investment Funds ProgrammeEuropean Union - European Regional Development Fund

Grants Awarded

Project Title

Lead Organisation (Company)

Project Partners

Total Project Funding Awarded

Main Research Theme (National Marine R&I Strategy)

Development of marine functional food to support muscle health and healthy aging in older adults

Bio-marine Ingredients Ireland Ltd

Dublin City University & University of Limerick

€200,000

Bioresources: Processing for Food & Other Use

Aquamoor

Technology From Ideas Ltd

Not Applicable

€199,960

Bioresources: Aquaculture

A Morphodynamic Study of the Irish Sea

Gavin & Doherty Geosolutions

University College Cork

€199,957

Renewable Energy

Development of the next generation fisheries surveys using a "swarm" of Unmanned Surface Vessels

Xocean Limited

Not Applicable

€199,739

Advanced Technologies

Floating Solar Hybrid Energy Project

SolarMarine Energy Ltd

University College Cork

€195,465

Renewable Energy

Eureka-SeaWind: A lighter, more cost-effective solution for floating offshore wind

Marine Materials Ireland Ltd

Not Applicable

€199,816

Renewable Energy

The IDS Smart buoy Project

IDS Monitoring Ltd

Not Applicable

€196,275

Advanced Technologies

OWSC - Designing for Manufacture, Deployment, Operation, Maintenance and Decommissioning

Resolute Marine

Not Applicable

€199,955

Renewable Energy

Development of Micropile Technology for Subsea Environment

Subsea Micropiles Ltd

Not Applicable

€199,902

Renewable Energy

1kW Inline Gator - aquaculture application

Exceedence Ltd

Technology From Ideas Ltd

€199,532

Renewable Energy

Engineering Advanced Materials for Marine Energy and Aquaculture applications.

Ocean Energy Ltd.

NUI Galway

€195,565

Engineering

Marine EcoPowa Project

w1Da Experience Ltd

University College Cork & University of Southampton

€198,763

Renewable Energy

Total Grant-Aid Funding Awarded €2,384,929

National Marine Research & Innovation Strategy 2017-2021 may be viewed here.