Bord Iascaigh Mhara Launches New R&D Fund

10 Oct 2017 | 02.08 pm

Bord Iascaigh Mhara Launches New R&D Fund

100% grant aid fund of €400,000

10 Oct 2017 | 02.08 pm

Bord Iascaigh Mhara has launched a new Research and Development fund to support innovation in the seafood sector and help grow the industry in line with stated government targets.

The funding was announced at WEFTA, the West European Fish Technologists Association’s annual conference taking place in the Aviva Stadium from October 9 to 12.

With sales valued at €940m and representing 5% of total food and beverage exports, Ireland’s seafood sector has been ear-marked by government as a key area for growth and investment.

BIM CEO Jim O’Toole commented: “Through the launch of the new research and development scheme for seafood producers and our facilitation of access to research and development insights for seafood companies, BIM is addressing the gap between translating research into commercial products.”

Marine minister Michael Creed added: “This fund will continue to support the seafood sector into 2018 and beyond and will be crucial to helping the industry realise its potential.”

 

Photo: Michael Creed (left) with Jim O’Toole. (Pic: Jason Clarke)

 

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