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Norkom gets EUR4m R&D grant from Enterprise Ireland

03 December 2007  |  1762 views  |  0 Source: Norkom

Norkom today announces a €4million research and development grant from Enterprise Ireland (the Irish Government's development agency) to support the company's growth strategy as it seeks to become a global market leader.

In line with its business plan, Norkom intends to invest €11.4 million in qualifying research and development from 2008 to 2010. Enterprise Ireland will support this with a €4 million grant paid at agreed milestones over three years.

Overall, the investment will fund expansion plans in Norkom which will enable the company to significantly scale up its growth.

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