Cork's Tyndall National Institute has succeeded in securing more than €56m in funding as it reaches the milestone of its 100th Horizon 2020 award.

It makes the centre one of the most successful institutes in Ireland for European funding.

The awards announcement is due to be made today by the Minister for Higher Education, Simon Harris.

Tyndall National Institute is a leading European research centre in integrated Information and Communications Technology (ICT) hardware and systems. 

The centre specialises in the areas of electronics and photonics.

Horizon 2020 is a European Commission initiative which, according to the EC website, funds a range of prizes to "encourage and recognise the very best research and innovation". 

The Horizon Prizes are described as "challenge" prizes and offer a cash reward to whoever can most effectively meet a defined challenge, as well as recognising achievements in innovation.

Tyndall and its Irish based partners account for 10% of Ireland's overall draw-down from Horizon 2020, according to the institute.

The announcement coincides with the publication of the institute's annual report for 2019 during which it reported income of €42m, up 17% on 2018.

That includes €32m from competitive research projects, as well as €10m in European funding and an industry commitment to new research programmes of almost €6m.

"Our success rate in securing Horizon 2020 funding is over three times the European average, and 2019 brought in over €10m alone," Professor William Scanlon, CEO of Tyndall National Institute, said.

"Tyndall is also the main Irish beneficiary in EU ICT funding as well as the principal contributor to UCC's position in the top five ICT-funded universities Europe-wide," he added.

The institute has also developed a strategic plan "Tyndall 2025", with the objective of doubling the size of the institute to become a significant player on the international research stage and secure a global leadership position for Ireland in deep-tech research.