Enterprise Ireland Approves ARE+ status for Shannon ABC
The Applied Research Enhancement (ARE) Program was established by Enterprise Ireland in 2004 and is also supported by the National Development Plan; the first Centres were established in 2005.
The programme provides funding to Institutes of Technology for the establishment of dedicated core research teams led by an industrially experienced Centre Manager with dedicated lab space and provision of specialised equipment.
The objectives of these centres are to enable regional development by introducing innovative technological solutions through collaboration with industrial partners and to develop the next generation technology platforms for the benefit of Irish based industry through a dedicated applied research strategy. The centres can be divided into 3 technology clusters: ICT & Software Bio-Medical Devices & Materials and Bio Life Sciences & Pharmaceutical. Shannon ABC is part of the latter cluster.
Progress of the Centres proceeds from ARE seed funding through to ARE+ status should the Centre possess substantial commercial viability.
ARE+ status is only conferred following a rigorous commercial and research review based upon the success of the Centre. Shannon ABC is the first ARE centre in the country to be awarded
ARE+ status and is a reflection of the hard work, dedication, expertise and commercial emphasis of the Centre.
Shannon ABC’s focus is now to build on its already well established reputation. Collaborations and Partnerships with some the country’s most innovative companies – both large and small – have built solid foundations that the Centre will continue to benefit from.