€5 million R&D grant confirmed for Randox Teo in Dungloe

first_img Previous articleBloody Foreland thatched cottage saved from destruction after fire outbreakNext articleWest Tyrone MLA Barry McElduff receives death threats admin A €5 million Research and Development grant has been announced for Randox in Dungloe, to be paid over the next five years.The payment was approved at a cabinet meeting attended by Junior Minister Joe Mc Hugh. He says it weill enable Randox to develop its Dungloe facility as a world class R&D centre of excellence for biochip technology and diagnostic equipment.Randox Teoranta was established in 2008 in Dungloe and currently employs 85 people, with #Dungloe2020 recruitment focused on manufacturing, software development, engineering and life sciences.The company has set an employment target of 450 jobs by the end of 2020, and Minister Mc Hugh says today’s decision will help ensure that happens……….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/joeweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Welcoming the government’s green light for the grant, Dr Peter FitzGerald, MD at Randox, explains how the finance will assist pioneering scientific research:“Randox Teoranta is a next generation life-sciences, engineering research and manufacturing centre and to further our progress, we have ring-fenced more than €10m for 3 special projects; Biochip Research, Disease State Research and Chemical-Mechanical Engineering. The €5m from Údarás na Gaeltachta will also be used to support these vital programmes, which will ultimately improve healthcare world-wide.“These projects and the wider #Dungloe2020 programme, are visionary and transformative; by supporting our ambitions, both Údarás na Gaeltachta and the government, have rubber-stamped their commitment to transforming the high-value knowledge economy of the region.” By admin – July 7, 2015 RELATED ARTICLESMORE FROM AUTHOR Twitter Google+ WhatsApp Facebook WhatsApp Facebook Homepage BannerNews Further drop in people receiving PUP in Donegal center_img Gardai continue to investigate Kilmacrennan fire Pinterest Twitter Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry Google+ Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic 75 positive cases of Covid confirmed in North €5 million R&D grant confirmed for Randox Teo in Dungloelast_img

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