funding

Irish firms missing out on €1bn EU innovation funding package

Research company Lira finds not enough start-ups from outside life sciences sector are applying for EIF grant of up to €17.5m apiece

In 2022, just over €1.25 billion was distributed to companies across the continent under the European Innovation Fund

Irish companies continue to do relatively well in securing funding via the European Innovation Fund (EIF) but not enough start-ups from outside the life sciences sector are applying for it.

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That is according to Emmanuele Angione, managing partner at Dublin-based Lira, which has compiled funding figures.

Some 227 European companies out of over 3,000 which applied were awarded funding of up to €17.5 ...