Heard about this in the Irish Times just over a week ago, and was surprised to hear the deadline for applications is next week. The program begins in late March in most of the participating ITs. It's a shame about the notice.
Is anyone applying to it? Being honest with myself I'm probably not going to get enough done on my proposal to have a serious chance at being selected by that deadline, but doing as much as I can on it before then and giving it a shot.