| 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

Follow Finfacts on Twitter

 
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.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

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 : Innovation Last Updated: Feb 25, 2013 - 3:13 PM


Irish Innovation: €300m for 7 'world class' research centres to boost failed policy
By Michael Hennigan, Finfacts founder and editor
Feb 25, 2013 - 3:07 PM

Email this article
 Printer friendly page
Richard Bruton, minister for jobs, enterprise and innovation

Irish Innovation:  The Government today announced the investment of €300m in what it termed 7 'world class' research centres to boost what we view as a  failed policy.

What George Orwell described as "euphemism, question-begging and sheer cloudy vagueness" can be found in the common use of the term 'world-class' in Ireland, which was vividly illustrated by an Irish Times report on 10 Oct, 2010 titled: "Fás board to agree plan for new 'world-class' skills body".

So while 'world class' is part of the spin lexicon of Irish policymakers, there was a goal set in 2006 to be recognised as a 'world class knowledge economy' by 2013.  The failure to reach the target has been ignored and 2020 is now the date of a new aspiration to have the most productive research output in the world.

Ireland was at 27th in the 2012/2013 World Economic Forum competitiveness index compared with 11th in 2001. In 2011, patent filings at the Irish Patents Office fell to a 30-year low.

Irish Economy: Innovation, a failed enterprise policy and inconvenient facts for 2013

Irish Innovation: Foreign firms accounted for 71% of claimed R&D business spending in 2011

Multinationals in Ireland do not do significant research in the country and few patents are filed. See paper via first link above.

€200 million of Irish exchequer funding will be invested in seven 'world class' research centres of scale. The new funding will be delivered through Science Foundation Ireland’s (SFI) Research Centres Programme coupled with over €100m in cash and in-kind contributions from industry partners, making it the largest ever combined state/industry co-funding announcement of its kind in the research field in Ireland. The funding will be provided over the next six years with a mid-term review.

There is a 25% R&D spending tax credit available to companies that is claimed via self-assessment.

Science Foundation Ireland said 156 industry partners are connected to the centres, spanning multinationals and SMEs, including Cisco, Hewlett Packard, Microsoft, Medtronic, GSK, Pfizer, Eli Lilly, BT, Kerry Group, The Irish Times, ESB, Alere, RTE, Intune Networks, Intel, IBM, Roche, UTRC Ireland and many more.

Among the research activities funded are:

  • “Big Data”, a sector currently growing at up to 40% per annum;
  • Advanced food research based around microbes which live in the gut;
  • World-leading research to take advantage of Ireland’s natural advantages in marine energies;
  • Research to develop screening and diagnostic tests for perinatal and neonatal conditions

The seven centres involve a collaborative partnership across research institutions in Ireland with participation from University College Cork, University College Dublin, Tyndall National Institute (UCC), Trinity College Dublin, University of Limerick, NUI Galway, Dublin City University, Cork Institute of Technology, Teagasc, the Marine Institute, Geological Survey Ireland, Royal College of Surgeons and CSO Cork amongst others.

Check out our subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

Related Articles
403 Forbidden

Forbidden

Execute access is denied.


© Copyright 2011 by Finfacts.com

Top of Page

Innovation
Latest Headlines
US funds raise funding of European tech startups; Few $1bn firms so far
Google to launch accounts for children?; Facebook facing baby blackout
Smartphone owners’ demand for new apps falls
Education & Jobs: Austria has low unemployment, low third level graduate numbers
Dreams of European Silicon Valley & 1685 Revocation of Edict of Nantes
Ireland: Third OFFSITE digital event to be held in West Cork next month
Venture capital is exception as funding source for tech startups
Computer coding is a trade that doesn't need college degree
Irish resident patenting not suggestive of 'world class knowledge economy'
Irish Patents Office breaks the law - - Update
Google paid little corporate tax in Ireland and UK in 2013
Facebook surges on mobile ad revenues; Irish services exports to rise
Microsoft said Tuesday that its quarterly profit fell 7.1%
Many high growth firms either fail or fade - Part 1
Apple iPhone sales rise with China's help but iPad sales dip
Switzerland, the UK and Sweden top Global Innovation Index 2014
Google's second quarter revenue growth beat market estimates
Almost three quarters of US STEM graduates do not work in STEM occupations
Microsoft to cut 18,000 jobs in next 12 months with 12,500 from ex-Nokia unit
Irish Software Industry Report: Plea for public help but nobody wants to pay
Shire recommends £31.4bn takeover bid - "Irish" drugs firm run from Boston, listed in London
Google Ventures opens European unit to invest in startups
Germany's lessons in football and business
Top 1% of entrepreneurial firms in 10 countries account for 40% of job creation among startups
World’s 14bn online electronic devices waste US$80bn each year
The innovation slowdown at the US tech giants
The boot camp helping Swiss startups break into the US
Irish Digital Technology Index 2014: Superlatives a plenty but...
High-growth UK startups 'debt-shy'; Micro tech firms that do not grow get funding
Europe Entrepreneurship: Micro firms up 370,000 in 2008-2013; No growth in other firm numbers
The Uber app economy and disruptive innovation - Part 4
Half trillion dollars cash offshore as 14 US tech & pharma groups cut foreign tax rate to 10%
European Commission set to open probe of Apple's Irish tax breaks
Entrepreneurship: Are clusters within city-regions needed for innovation?
Killer robots: Coming soon to a battlefield near you?
London's Silicon Roundabout area top location for startups in UK
Slash & burn owner of Bausch + Lomb seeks jobs and pay cuts at Irish plant
Innovation: Today's scheme is a €500,000 startup fund for graduates
Apple agrees to buy Irish tax-linked Beats for $3bn
Innovation Ireland: Knowledge Transfer Ireland. service launched