| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Last Updated: May 11, 2009 - 9:29:55 AM


Coughlan allocates €7 million for investment in industry research initiatives; Claims "Ireland Inc reaches milestone in transition to a smarter, greener economy"
By Finfacts Team
May 11, 2009 - 7:46:08 AM

Email this article
 Printer friendly page

Éire Composites Teo was established in 2006 following the merger of four separate companies and it specialises in the design, manufacture and testing of advanced lightweight composite products. Aerospace customers include Bombardier Aerospace (Belfast), Airbus (UK and France), Eurocopter (Germany), the European Space Agency and several Tier 1 aerospace suppliers.

When a politician uses the term "milestone," it may be advisable to keep the salt cellar within reach. The €8 billion + programme to make Ireland a "world-class knowledge economy" within four years, is still funded and today Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan T.D has announced details of the initial seven industry groups to form research initiatives under the Competence Centres programme, which is focused on research with a direct impact on industry. €7 million in public funds is being allocated according to Coughlan.

The centres are said to be a joint initiative of Enterprise Ireland and IDA Ireland and a "key element of Government plans to build a smarter, greener economy. Government funding is being provided of up to €1 million per initiative for this initial research phase.

The seven research initiatives cover ICT, involving nanotechnology, microelectronics and IT innovation; manufacturing using composite materials, manufacturing process technologies and energy efficiency in factories; and new technologies in bio-energy and bio-refining.

64 companies  - -  both foreign-owned and local companies - - were involved in the planning for these Competence Centres including multinationals like Medtronic, Intel, Xilinx, Seagate, Analog Devices Ltd, De Puy and Bombardier Aerospace and Irish companies such as
Creganna, AER Ltd, Éire Composites Teo, Proxy Biomedical, S3, Aerogen, and Redmere.

Coughlan said it is expected that when fully operational, a further 200 companies in Ireland will be directly associated with the Competence Centres.

“Creating employment through knowledge and innovation in our existing companies is a key Government priority as outlined in our strategy ‘Building Ireland’s Smart Economy’. The Competence Centre initiatives will use collaborative research to address the challenges of making Irish manufacturing more competitive, and exploit the opportunities in the emerging energy, green technologies and IT sectors,” she said.

Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

Irish
Latest Headlines
Irish pension funds increased 3.7% in January following a 2.4% drop in 2011
Vhi health insurance premiums to rise  by 6% - 12.5%
Irish Health Contribution Refunds
Sky announces 800 new customer care jobs in Dublin over next two years
Ryanair announces fiscal third quarter profit of €15m; Raises full-year forecast
High Court cuts Quinn administrators' €2.75m fee by 20%; Irish public sector institutions again shown to be the 'soft touch'
South African financial firm Investec buys Ireland's NCB Stockbrokers
Government announces measures to reform Ireland’s “arcane” bankruptcy laws; Focus on insolvency, mortgage debt and negative equity
ESRI says Ireland in top rich country ranks for per capita spending on pharmaceuticals; State's drugs bill in 2010 was €1.9bn
Irish pension funds index fell 2.45% in 2011
CRH announces investments of €0.4bn during second-half of 2011
Some 5,700 Irish companies collapsed in period 2008-2011; In 2011 unsecured creditors had €1.2bn in unpaid debt
Central Bank imposes record €3.35m fine on Combined Insurance Company of Europe; Also orders refund of €2.15m to customers
Irish pension funds down slightly in November
Survey of Irish SME firms shows 70% of firms that applied for loans got credit approval
Real cost of Irish public sector staff pensions in 2009 was €10.5bn
Irish Public Service Reform: No bonfire of quangos' "organisational zoo"; Slow-motion process is expected
European Investment Bank is lend total of €325m to ESB and UCD
US firm Prometric to create 100 jobs in Dundalk
Bank of Ireland says trading conditions remain tough
Getting Irish Business Online launches new e-commerce tool
Irish pension managed funds recovered some losses in October
Kerry reports rise in revenues in first nine months of 2011
Hedge fund administrator HedgeServ to add 300 jobs in Dublin
Bruton announces 79 jobs to be created at VistaMed - - a Leitrim medical devices manufacturer
Irish companies have reduced balance sheet pension liabilities by more than €2bn
Bord Gáis Energy Index fell 3% in September; Up 21% in 12 months
Bill Clinton to attend second 'Global Irish Economic Forum'
Irish pension fund returns down 10% in 2011; Annual inflation-adjusted returns over 10 years in the red
High Court authorises Quinn Insurance to draw €738m from State insurance compensation fund
Prospects of saving 600 Dublin jobs at online gambling operation recede
Fifty-three Irish public bodies binned survey on €15bn procurement bill; Interest on national debt at 21% of tax revenues in 2015
Chartered Accountants Ireland refers findings on Ernst & Young's audits of Anglo Irish Bank to disciplinary panel
High Court asks European Court of Justice to rule on dispute between Anglo Irish Bank and Seán Quinn/ family
Noonan publishes Bill to levy 2% on non-life insurance policies to fund bailouts required by Quinn Insurance Ltd
Central Bank of Ireland fines Goldman Sachs Bank (Europe) plc €160,000 for breaches of regulations
Emirates Airline to begin new daily Dublin-Dubai service from January
Plunge of 31.2% in new Irish private cars licensed in August following end of scrappage scheme
Irish managed pension fund returns dipped -5.9% in August; Down 8.4% in 2011
Honohan says banks could take stakes in homes with mortgage arrears