PhD students will receive a stipend of €28,000 for conducting research in Ireland addressing global and national challenges.

The government is partnering with industry on a new initiative designed to recruit and retain talented researchers.

The Innovate for Ireland scheme was announced today (July 1). It will initially seek to attract up to 400 PhD students to undertake research in Ireland that addresses national and global challenges.

These challenges include the climate crisis, global health and pandemics, water poverty, the digital society and cyber security.

Innovate for Ireland will cover all disciplines from STEM to the arts, humanities and social sciences. It will be open to Irish and international students.

These PhD students will receive a stipend of €28,000, which the Government said is comparable to similar scholarship programs internationally.

The concept of Innovate for Ireland was originally proposed by Dómhnal Slattery, CEO of Dublin-based aircraft charter company Avolon.

“I strongly believe this will be a transformative initiative for this island, one that will not only establish Ireland as the destination of choice for world-class students who will focus primarily on the sustainability challenges it faces around the world, but will also provide a strong pipeline of workplace-ready innovators on our shores over the next decade,” Slattery said.

Minister for Higher Education, Research, Innovation and Science Simon Harris, TD, added that the initiative has “huge potential to transform Ireland’s talent pipeline”.

“By partnering with the private sector, this collaboration will help us ensure our brightest and best standing in Ireland, but also that we continue to attract talent to Ireland,” he said.

Harris added that a competitive call would follow today’s announcement.

Innovate for Ireland will be managed through Science Foundation Ireland, in partnership with the Irish Research Council and the Health Research Board. A competitive call process targeting higher education institutions is also currently underway.

The scheme will be funded by the government with an investment of millions of euros over the next few years to be matched by private investors.

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