EU to increase Ireland's research and innovation funding

Ireland is to get more than €370m from the EU for research and innovation.

Higher Education Institutes will receive €198m, companies €104m, and SMEs will get €74m.

The funding - which will last up to the end of September - is an increase of €85m on the previous funding.

It is part of Horizon 2020, the EU's €75bn programme for research and innovation.

Ireland is aiming to secure €1.25bn of this fund by 2020.

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