Peter Burke (Longford-Westmeath, Fine Gael)
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It is an important fund. We can see how it was put to good effect by some smaller companies. If there are companies that have significant control of markets – almost all the market in some cases or a significant proportion of it – the fund is key at funding new enterprises that can innovate or offer an alternative product that could try to get in and seek market share in already established markets. Currently under the disruptive fund call, a total of €370 million was awarded to 104 projects. I launched a seventh call of the fund on 7 May. The call was opened on 30 April. This current call is open-ended. Previously, we had closing dates on them but, as far as I know, we have not put a closing date on the current call. It is a significant fund. In respect of some smaller companies, for example, one exceptional company in the midlands has produced stoma bags that will be more patient-friendly and easier to use and will not have the difficulties that many patients get with them. It can try to break into a very established market. This gives smaller companies a chance like that to break into those markets. As I said, the fund is very significant.