LYIT announced as successful applicant of the Capital Equipment Fund

Photo illustrating the news item

Successful application will enable the purchase of a high-resolution scanner

LYIT is delighted to be announced as a successful applicant of the Capital Equipment Fund administered by Enterprise Ireland through the Technology Gateway and Technology Centre Programmes. Thirty-seven (37) successful applicants from across the Third Level Sector have secured over €6 million in funding.

The LYIT funding is for a high-resolution scanner that will provide a suite of services to manufacturing industry across the island but particularly in the NW region. The scanner provides reverse engineering capabilities for companies who may need to replace parts or modify existing products, particularly where complex geometries are involved.

Minister for Business, Enterprise and Innovation, Heather Humphreys, TD, made the announcement on 4 June and stated: “The Technology Gateway and Technology Centre programmes aim to bring Irish companies together with Irish research institutes.

The Capital Funding Programme provides industry with access to critical, leading-edge equipment and infrastructure which will help them to build resilience and to remain globally competitive.

The 37 successful applicants were selected through a rigorous evaluation process based on eligibility criteria and had to have a strong track record of industry engagement, a significant industrial need for new equipment and space to service and maintain the equipment”.

Dr Jim Morrison, Head of Department of Electronic and Mechanical Engineering, who submitted the funding application on behalf of LYIT, was delighted with the announcement: “The scanner allows very precise measurement of complex objects and will enable industry in the NW to confirm that their designs and processes fit with the highest international quality standards. Companies within NW manufacturing (and across the Technology Gateway Network) will now be able to avail of these services from LYIT with the back-up of skilled mechanical engineers from the Department of Electronic and Mechanical Engineering”.

The Enterprise Ireland Technology Gateway Programme funds interactions between local and national industry and the Institutes of Technology and aims to increase collaboration and enterprise development at both a regional and national level.

LYIT President, Paul Hannigan says: “LYIT enhances enterprise and innovation capacity within the region and continues to work with key partners. The Institute is committed to further develop supports for business through an increased number of project agreements and improved supports in terms of intellectual property licence agreements for commercially relevant technologies. This funding announcement will complement these collaborations”.

10 Jun 2020