| 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


© Copyright 2011 by Finfacts.com

Top of Page

Innovation
Latest Headlines
World's Tech-Ready Countries 2014: Finland on top again; Ireland at 26th
Research and Development: Germany's 3% target not enough
Swiss pepper patent row heats up
Google reports rising costs in first quarter and reduced profit growth
IBM posts its lowest quarterly revenue in five years
Europe's top ICT Hubs: Munich, London, Paris in lead; Dublin with rank of 16
EU snub leaves Swiss research community in limbo
Apple booked $100bn in sales through Irish subsidiaries in 2013
Ryanair to create up to 200 jobs mainly in technology
Richard Tol dissents on climate change report
CLIMATE AND POPULATIONS: ‘Climate migration also concerns rich countries’
Intel 25 years in Ireland: Employs 2,800 not 4,500
Irish high tech companies predict "major expansion" in 2014; ICT jobs fell in 2013
Facebook to acquire virtual reality firm Oculus for $2bn; It has no customers
Candy Crush owner King's IPO; Dublin registered office and London phone number
Global Tech Clusters: Dublin's Silicon Docks - - marketing label or cluster? - Part 2
Global Tech Cluster Rush: More failures than successes likely - Part 1
Google Glass: The future is coming to your face soon
Japan arrests ex-SanDisk employee in commercial espionage case
Venture Capital 2013: US financing at $33bn; Europe $7.1bn; China $3.5bn; Israel $2.3bn
Horizon Pharma to buy Irish firm Vidara for $660m
Irish Innovation: Israel as Startup Nation, why not Ireland? - Part 2
Facebook's Zuckerberg phones Obama about government spying
Irish Innovation: Startup fever and Ireland's dumb enterprise policy - Part 1
Generational tech angst in Silicon Valley: Young vs old fogies of 35+
World Wide Web @ 25; Internet @ 45 years old in 2014 - See world's first website
Giving dead commuter towns the kiss of life
Missing Malaysian aircraft missing latest technology
Samsung top patent filer in Europe; Switzerland heads patent intensity rankings
EU Innovation 2014: Ireland's assessment based on distorted data
Any country can reach high shares of wind, solar power cost-effectively, study shows
Facebook's Global Vision: 'Free' mobile internet in a tax-free world
Young US firms in high tech down from 60% ratio in 1982 to 38%
Irish Venture Capital: Call for pension investments; Government provides 40% of annual funding
Facebook to acquire 55-employee WhatsApp for $19bn in cash and stock
Irish tech startups may create 1,850 jobs in 3 years; Zero past evidence presented
Google Ireland to host free breakfast briefings to boost online selling
Swiss universities tested by foreign student influx
"Irish" drugs firm Actavis in talks on $25bn takeover of Forest Laboratories
Will more natural disasters help us put a price on nature?