Government, industry, and colleges raise €250m for research centres

Almost €250m is to be invested in the establishment of five research centres with collaboration from industry, third-level education institutions, and the Government.

The Department of Enterprise will invest €155m in the five Science Foundation Ireland research centres over the next six years while industry partners are to provide a further €90m in cash and in-kind contributions.

The centres, which follow the establishment of seven others last year, will undertake research in areas of national importance closely aligned to industry and enterprise needs, job opportunities and societal goals.