UCD Food for Health Ireland receives €21.6m funding boost
RDJ advised University College Dublin (UCD) on legal arrangements for the third phase of Food for Health Ireland, a Technology Centre based in the university that aims to improve global health through innovation in functional food.
The research centre, which is based in UCD is to receive €7.2m over the next five years from Enterprise Ireland, funding that will be matched by €7.2m from Irish industry partners and a further €7.2m from competitive sources.
The funding will help to build competitive advantage in the food sector and ensure that Ireland is recognised as a global leader in the €250bn market for functional food. This latest round of funding comes on the back of the centre’s 10-year collaboration with research and industry partners to produce peer-reviewed market-led research that supports innovation in the functional food space. Food for Health Ireland’s human-intervention trials have already produced results that can be translated into innovations in food for use in tackling the key health issues that underpin diabetes, obesity and heart health, as well as supporting healthier ageing.
The RDJ team was led by Partner, Diarmaid Gavin and associate Marie Gavin from the firm’s Intellectual Property team.
For more information, see here.