Thursday, 22nd October, 11am-12pm
- Market Impact
The Disruptive Technologies Innovation Fund (DTIF) is a €500 million fund established under Project Ireland 2040 and is run by the Department of Business, Enterprise and Innovation with administrative support from Enterprise Ireland.
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD, launched the third Call for applications to the Disruptive Technologies Innovation Fund (DTIF) on 24 September 2020.
The deadline for receipt of applications is 17 December 2020 (15.00 Irish Time).
DTIF Call 3 – Main Points
The Disruptive Technologies Innovation Fund (DTIF) Call 3 is about funding collaborations that demonstrate technology-based disruptive innovation, collaborations that can:
- Alter markets;
- Alter the way business operates;
- Involve new products or the emergence of new business models.
Funding applications for Call 3 should be within the Research Priority Areas 2018-2023. We are particularly interested in projects of scale with a strong enterprise agenda to harness maximum medium-term economic impact for Ireland. Ideally, we are looking for enterprise-driven research and development challenges that can demonstrate commercial impacts within 3 to 7 years of project completion.
As with Call 2, each project must have a minimum of three partners: two of these must be enterprise partners, at least one of which must be an SME. Research organisations (including colleges) can be a partner but can receive no more than 50% of the grant funding per project. All projects should be seeking minimum funding of €1.5 million. Small companies (less than 50 employees) that are part of successful applications under the Fund may be eligible for pre-finance subject to meeting conditions as set out in the Guide for Applicants.
Key amendments from Call 2 are:
- Change to one of the Selection Criterion, now called ‘Economic Impact and Sustainability’, to incorporate the commitment in the Climate Action Plan (CAP) for all National Development Plan (NDP) funds to prioritise the selection of low-carbon investments. Applicants are asked to demonstrate, as much as possible, positive contributions to the low carbon / sustainability targets in Ireland’s Climate Action Plan. Proposals funded under the DTIF should neither hinder the achievement of Ireland’s climate objectives nor have other significant negative environmental impacts.
- Economic impact outputs should be demonstrable within a 3 to 7-year timeframe (as opposed to the previous 3-5 years).