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……….
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.”
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