Friday, January 10, 2020

The Western Development Commission (WDC) approved almost €7m in funding across the region in 2019.

In total, the WDC Investment Fund approved new investments for 44 businesses and community projects across Mayo, Donegal, Sligo, Leitrim, Roscommon, Galway and Clare. The WDC is a statuory body was established to promote both social and economic development in the seven western counties. The investments were across a wide range of high-tech sectors from artificial intelligence, fintech, medical devices, ICT as well as more traditional sectors like food and tourism.

In Co Mayo, the fund supported Ovagen Group Ltd in Ballina, a biotechnology company providing the world’s first commercially produced Germ-Free eggs.

It also approved funding for the production of a feature film, Wild Mountain Thyme, which stars Jamie Dornan, Emily Blunt and Christopher Walken and was shot last autumn in North Mayo.

Commenting on the record level of investment in the region, Tomas O’Siochan, chief executive of the WDC, said: “The investment in 2019 builds on more than 20 years of investment in the region.

“In 2020, we have committed to additional investment in key sectors over the long term to ensure the region continues to grow.

“Creating opportunities for those who live in the west and want to move or return to the west remains a core focus for the WDC.”

Other investments included Arigna Fuels in Co Roscommon and Cerebreon Technologies in Co Donegal. The latter offers an enterprise software solution that uses artificially intelligent algorithms to assess document content, extract important information and automatically carry out financial and administrative processes.

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