Five Irish SMEs have been selected for funding under the latest round of the European Innovation Council SME Instrument (Phase 1). Each SME will receive a grant of €50,000 as well as 3 days free business coaching to help them develop a business plan to get their innovative project to market faster. Four of the five Irish SMEs are working on new health treatments while the fifth is developing a new system to detect and quantify trace level concentrations of metals and materials in water, food, etc.
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