Menu
05/03/2003
Invest NI capital growth fund launched
Invest NI has launched a £3 million capital growth fund to finance the commercialisation of research and development within universities and small to medium-sized enterprises.
Speaking at the launch of the £3 million Northern Ireland Research and Development Challenge Fund (NITECH Growth Fund) at the Ramada Hotel, Belfast, Invest NI chief executive Leslie Morrison said Northern Ireland had a "strong reputation" for innovative, scientific and engineering research. This was emphasised, he said, by the province's position as having the highest growth rate across the UK for business R&D expenditure.
He added: “We need new ideas, but more than that, we need the skill to convert the many good ideas that exist into commercial business opportunities. It is vital that we grasp all the opportunities we can muster particularly in the face of a continued global economic slowdown. This has drastically reduced the volume of mobile investment capital and caused deferrals of capital investment by our companies."
The NITECH Growth Fund is intended to assist in the creation and expansion of research-led, market orientated businesses.
(MB)
Speaking at the launch of the £3 million Northern Ireland Research and Development Challenge Fund (NITECH Growth Fund) at the Ramada Hotel, Belfast, Invest NI chief executive Leslie Morrison said Northern Ireland had a "strong reputation" for innovative, scientific and engineering research. This was emphasised, he said, by the province's position as having the highest growth rate across the UK for business R&D expenditure.
He added: “We need new ideas, but more than that, we need the skill to convert the many good ideas that exist into commercial business opportunities. It is vital that we grasp all the opportunities we can muster particularly in the face of a continued global economic slowdown. This has drastically reduced the volume of mobile investment capital and caused deferrals of capital investment by our companies."
The NITECH Growth Fund is intended to assist in the creation and expansion of research-led, market orientated businesses.
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 April 2013
New Website For Busy Mums Launches
An innovative website for busy Mums who struggle to keep their family healthy within budget or time constraints has been developed and launched with support from Invest Northern Ireland. Siansplan.com is a multi-award winning online meal planner which makes it easier for your family to eat well.
New Website For Busy Mums Launches
An innovative website for busy Mums who struggle to keep their family healthy within budget or time constraints has been developed and launched with support from Invest Northern Ireland. Siansplan.com is a multi-award winning online meal planner which makes it easier for your family to eat well.
02 June 2011
'Business Bid For Share Of £950m'
Lord Heseltine has visited York to promote the second round of the Regional Growth Fund and encourage bidders to compete for a share of £950m. During his visit Lord Heseltine spoke about the importance of economic growth and the role of the Regional Growth Fund.
'Business Bid For Share Of £950m'
Lord Heseltine has visited York to promote the second round of the Regional Growth Fund and encourage bidders to compete for a share of £950m. During his visit Lord Heseltine spoke about the importance of economic growth and the role of the Regional Growth Fund.
27 March 2002
BlueChip Technologies complete £1.8m funding round
Belfast-based blueChip Technologies, an award winning market leader in innovative speech recognition and wireless application technology, has announced the completion of a €3 million funding round, and a major alliance with MMO2, formerly BTCellnet.
BlueChip Technologies complete £1.8m funding round
Belfast-based blueChip Technologies, an award winning market leader in innovative speech recognition and wireless application technology, has announced the completion of a €3 million funding round, and a major alliance with MMO2, formerly BTCellnet.
27 March 2013
Northern Ireland Spin Out Funds Topped Up
Enterprise Minister Arlene Foster has announced an extra £4million for two Invest Northern Ireland Access to Finance (NISPO) funds. The funds are managed by E-Synergy. Arlene Foster said: "Both of these funds have received a lot of interest, with all the Proof of Concept grant funds invested ahead of schedule.
Northern Ireland Spin Out Funds Topped Up
Enterprise Minister Arlene Foster has announced an extra £4million for two Invest Northern Ireland Access to Finance (NISPO) funds. The funds are managed by E-Synergy. Arlene Foster said: "Both of these funds have received a lot of interest, with all the Proof of Concept grant funds invested ahead of schedule.
01 August 2011
Omagh Community Development Welcomed
A community building in Co Tyrone that received almost £300,000 from the Department of Social Development (DSD) Modernisation Fund Capital Programme is to significantly increase capacity and facilities for its 13 partner organisations.
Omagh Community Development Welcomed
A community building in Co Tyrone that received almost £300,000 from the Department of Social Development (DSD) Modernisation Fund Capital Programme is to significantly increase capacity and facilities for its 13 partner organisations.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
