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ICSTI Statement on Nanotechnology - Forfás

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60<br />

Higher Educati<strong>on</strong> Authority; through the Irish Research<br />

Council for Science, Engineering and Technology;<br />

Science Foundati<strong>on</strong> Ireland;<br />

Enterprise Ireland;<br />

European Uni<strong>on</strong>.<br />

The Irish Research Council for Science, Engineering and<br />

Technology has funded twenty-two nanotechnology or related<br />

projects and has allocated €1.97 milli<strong>on</strong>. Science Foundati<strong>on</strong><br />

Ireland has funded 15 nanotechnology or related projects and has<br />

allocated €45.86 milli<strong>on</strong>. Enterprise Ireland has funded forty<br />

nanotechnology or related projects and has allocated €6.47<br />

milli<strong>on</strong>. The European Uni<strong>on</strong> is currently funding sixteen<br />

nanotechnology or related projects and has allocated €7.21<br />

milli<strong>on</strong>.<br />

Another issue, which has arisen in the course of c<strong>on</strong>sultati<strong>on</strong>, is<br />

the lack of a mechanism by which the nanotechnology funding<br />

strategies of the above agencies can be co-ordinated.<br />

7.3 New Indigenous Companies<br />

It is known that there are a number of individuals, generally<br />

based in or associated with the leading nanotechnology groups<br />

referred to above, currently seeking funding to establish a<br />

nanotechnology start-up. It is a stated objective of Enterprise<br />

Ireland, and its growing number of associated investment funds,<br />

to support commercially viable high-potential technology start-ups.<br />

It could reas<strong>on</strong>ably be expected that <strong>on</strong>e new indigenous company<br />

will be spun-out of each of these groups between now and 2010.<br />

Already two indigenous nanotechnology companies, namely<br />

Deerac Fluidics and NTERA, have been spun-out of these groups.

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