€8m fund for NI research

UK“A fund of £8 million (€9.3 million) to help turn cutting-edge research into profit was launched by Stormont’s new finance minister, Sammy Wilson. The package will support fledgling companies, Mr Wilson said. The initiative includes a £5 million venture capital pot for early stage businesses with high potential. Companies will be able to apply for grants ranging from £50,000 to £250,000. The remaining £3 million will be held in a proof of concept fund for non-university projects …” (more)

[David Young, Irish Times, 6 July]

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