€5m BioConnect grant award
As a proud founding member of the BioConnect Consortium, MBio are delighted that Heather Humphreys, Minister for Business, Enterprise and Innovation, has confirmed a €5m grant from Enterprise Ireland’s Regional Enterprise Development Fund to create a biotechnology innovation centre in Monaghan. This will bring the MBio team, currently housed in four facilities, together for the first time in a single biotechnology cluster – an exciting fillip for our future success.
MBio’s CEO, Peter Corcoran, comments, “The members and board of BioConnect are delighted with this grant, which will bring the Innovation Centre to life. The award comes at a crucially important time for companies operating in the border region, who face the challenge of BREXIT head on. BioConnect will firmly position this region as a vibrant centre for biotechnology. The centre is industry-led, and the growing cluster of businesses will use its facilities to accelerate the commercialisation of innovative high value products. Working with its academic partners, BioConnect will also create a centre of gravity to attract more exceptional biotechnology graduates to the region. The centre will support 250 jobs, which will create a further 1,000 jobs downstream.”
Read the full government announcement: Minister Humphreys announces €29m in Government funding through the Regional Enterprise Development Fund (REDF)
Published 14 December 2018