Fund bonanza for start-ups

The EU is releasing research funding of €11 billion this month, creating huge opportunities for innovators

Start-ups with new ideas are being urged to apply for funding under a multibillion euro EU initiative for research and development.

In a cash poor economy, the EU’s Seventh Framework Programme for Research and Technological Development (FP7) is offering Irish startups and SMEs valuable funding to support new products and technologies.

According to Imelda Lambkin, director of the National Support Network forFP7 in Ireland, the programme has a wide remit with potential relevance ...