DkIT Secures €3.7M Regional Development Funding to Drive Major Jobs Boost in the North Leinster South Ulster Region

Posted on January 13, 2020

The Minister for Business, Enterprise and Innovation, Heather Humphreys TD, has confirmed that Dundalk Institute of Technology (DkIT) will receive €3.7 million investment to grow the Connected Health & Wellbeing ecosystem in the North Leinster South Ulster region and to drive significant job creation in this sector.

DkIT was one of 26 successful regional projects announced by the Department this week as part of the results of the third call of the Regional Enterprise Development Fund (REDF) which awarded €40 million to support regional projects that drive sustainable job creation in the regions.

The investment was awarded to the ‘DkIT Connect Project’ which includes partnership with Louth County Council, Dundalk Enterprise Development Company, Dundalk Credit Union and other private sector partners. The project aims to further develop the research, innovation and entrepreneurial landscape within the Connected Health & Wellbeing space in North Leinster South Ulster which has the capacity to create major job opportunities and to drive economic growth in the region. The investment will also support a significant expansion to the Regional Development Centre (RDC), the institute’s on-campus centre for business engagement, innovation and research.

This announcement was the latest in a series of positive news stories in relation to increased funding for DkIT. Over the past two months, the institute has received approximately €9.2M in state investment to support new initiatives. These include €4M to support major boost in computing & engineering undergraduate opportunities for the region via Human Capital Initiative, €750,000 via the Capital Grant Scheme to support ongoing campus minor works, €200,000 via the HEA Impact Assessment Case Studies and Performance Fund to support the scaling of the DkIT Corporate Partnership Programme and €287,928 via the Government’s Regional Technology Clustering Fund to support the development of a Connected Health & Wellbeing Industry Cluster in the North East.