Randox Technologies plans to create 300 new jobs at its Donegal medical plant by 2020.
World-leading research and development at Randox will receive a significant boost, after the government approved an investment by Údarás na Gaeltachta of €5 million research and development grant assistance to be paid over a five-year period.
The grant will be invested in Randox’s state-of-the-art life science and engineering facility, Randox Teoranta, located in Dungloe, County Donegal.
The funding will be used to support the company’s ambitious research into conditions impacting on human health. It will also bolster the company’s expansion and recruitment programme, known as #Dungloe2020. The #Dungloe2020 project will see Randox Teoranta increase its employment figures to 540 by 2020.
Welcoming the government’s green light for the grant, Dr Peter FitzGerald, MD at Randox, explained how the finance will assist pioneering scientific research.
“Randox Teoranta is a next generation life-sciences, engineering research and manufacturing centre and to further our progress, we have ring-fenced more than €10 million for three special projects; biochip research, disease state research and chemical-mechanical engineering. The €5 million from Údarás na Gaeltachta will also be used to support these vital programmes, which will ultimately improve healthcare worldwide,” he said.
Randox Teoranta was established in 2008 in Dungloe and currently employs 85 people, with #Dungloe2020 recruitment focused on engineering, manufacturing, software development and life sciences.