Disruptive Technology Image

The Taoiseach Leo Varadkar and the Business Minister Heather Humphries have unveiled 27
new projects that will share funding of over €75 million until 2021 as part of the Disruptive Technologies Innovation Fund.

The Disruptive Technologies Innovation Fund is a €500 million fund which will run under Project Ireland 2040. This initiative is run by the Department of Business, Enterprise and Innovation with support from Enterprise Ireland.

What is Disruptive Technology

Disruptive Technology can be seen as any form of technology that displaces an established technology. Generally, Disruptive Technology can be seen as technology that changes an industry and can often be new technologies that look to
the future. While it involves a new product or process, it can also involve the emergence of a new business model. It is the combination of technology and business model innovation.

Successful Projects

The successful projects, who have been unveiled, represent a number of different sectors in Ireland including health, food, manufacturing and ICT. Many of these projects have been led by starts-ups and SMEs.

Some of the winning projects include:

  • Irish Lasers for the internet of the future;
  • Advanced Environmental Decision Support System for Coastal Areas to tackle coastal pollution and flooding;
  • Beyond Food Labelling’ led by IdentiGEN with University College Dublin as partners.

The Disruptive Technologies Innovation Fund is a key part of the Government’s Future Jobs Initiative.

This initiative gives a great insight into the possible direction the jobs market could take in the future.