The EU Commission is providing funding to 9 Irish SMES to help bring their innovations to the market faster. Three of the Irish SMEs are receiving funding under the SME Instrument Phase 1 while one is receiving funding under the SME Instrument Phase 2. The remaining 5 Irish SMEs are receiving funding under the Fast Track to Innovation strand of the European Innovation Council. Ireland is the 6th most successful country under this particular round of Fast Track to Innovation funding with five Irish participants out of a total of 60 being awarded funding. The total value of this funding is about €6.7 million.
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