| 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


Finfacts changes from 2015

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

Global Cost of Living

Irish Tax - Income/Corporate

 

Feedback

 

Content Management by interactivetools.com.

News : Innovation Last Updated: Sep 21, 2015 - 2:54 AM


Irish Innovation: Taxpayer to fund more than 70% of €300m joint public-industry project centres
By Michael Hennigan, Finfacts founder and editor
Oct 24, 2013 - 3:16 PM

Email this article
 Printer friendly page

Irish Innovation: Richard Bruton, minister for jobs, enterprise and innovation, claimed today that a new Advanced Materials and BioEngineering Research (AMBER) Centre joint public-industry research project involving an investment of €58m "positions Ireland as a global leader in the areas of materials and medical device development for industry." This is part of a €300m Science Foundation Ireland (SFI) research centre programme with an initial budget of €300m that will see €200m of Irish exchequer funding "matched by €100m in support from industry invested in seven world class research centres of scale, one of which is AMBER."

Ministerial announcements with superlatives like 'world class' are not new and in Ireland, to achieve bog-standard is often the best outcome.

Professor Stefano Sanvito of AMBER said, “AMBER will strengthen Ireland’s reputation for research, create new intellectual property; and support industrial collaborations and the commercialisation of research."

“The AMBER Centre will deliver world-leading research into engineered materials and interfaces for applications in a number of priority sectors in Ireland, most notably in ICT, medical devices, and industrial technology. By delivering research of global quality, AMBER will support the development of advanced manufacturing in Ireland, and they will work with industry to attract additional foreign direct investment, thus supporting a research mandate for Irish-based companies.“

The AMBER Research Centre is led by Trinity College Dublin in collaboration with University College Cork and the Royal College of Surgeons of Ireland. AMBER will directly support 99 jobs and there is potential for further job creation.

Industry partners include Intel, DePuy, Medtronic, Merck Millipore and SAB Miller from a total of 18.

'Research of global quality' and delivering  'world-leading research' seems a far cry from the real world when patent applications in Ireland in 2012 were at a 30-year low and European patenting by Irish residents was also low.

There is a striking truth about the AMBER project: the industry partners haven't much confidence in it. Each wishes to have a stake but not much and it is not very impressive that 18 are needed to fund €23m.

Richard Bruton said:  "Nanoscience and materials science are areas where we rank well inside the top ten internationally for research. The scale and ambition of this centre means that we can attract 18 industry partners and leading international researchers who can turn these good ideas into good jobs. I commend all involved and wish them every success with this crucial project.”

The funding of  €23m is a headline figure as is the total of €100m. However, the 25% R&D (research and development) tax credit reduces that; grants would also and it's unlikely that the full overhead costs of the entire budgets are included in the allocation -- we will check that with the Department.

Bruton claimed: "More than 45% of multinational jobs wins are connected to SFI research" - -  this claim has no credibility.

What does 'connected' mean? IDA Ireland told us last year that there is no criteria for what it terms an 'R&D component' in a project.

In its Annual Report 2012 the inward investment agency said that the number of client companies spending at least €100,000 on R&D was 293 -- 28% of the total.

Wonder when Richard Bruton as a government minister, will give attention to rescuing the shambolic apprenticeship system?

Finfacts: Irish Innovation: Evidence of science policy failure mounts -  - see section on nanotechnology at lower-end of page

Check out our subscription service, Finfacts Premium , at a low annual charge of €25.

Related Articles


© Copyright 2015 by Finfacts.ie

Top of Page

Innovation
Latest Headlines
Digital Taylorism: Amazon's chief rejects depiction of "soulless, dystopian workplace"
Most surviving startups do not grow; Tiny number powers jobs engine
Despite euro dip China & US remain most competitive manufacturing nations
Business startup rates up in most OECD countries led by Australia and UK
NASA's Kepler mission has confirmed the first near-Earth-size planet
Energy subsidies at 6.5% of global GDP; Commodity prices to remain weak
US startups rely on personal savings, debt; Venture capital funds less than 1%
Europe produces 13 $1bn+ "unicorn" startups in one year; London is Europe's digital capital
Irish-based firms raised €120m in VC funding in Q1 2015; Some top recipients Irish for tax purposes
Ireland: Fourth highest 25-34 year old ratio of third-level graduates in developed world: So what?
Business dynamism/ employer firm startups in US secular decline
Innovation Union Scoreboard 2015: Sweden, Denmark, Finland and Germany are on top
Education systems failing to provide students with skills for success in 21st century
US, Switzerland, Denmark, Sweden, Finland have best higher education systems
Handbook of Service Innovation: Ireland moving up the value chain?
Switzerland revives silk industry that thrived for two centuries
Sales of Irish tech firms create 300 millionaires in 15 years and no scaleups
Apple warns of 'material' tax payments from EU's Irish tax investigation
Apple earnings surge 33% on higher price and iPhone sales jump in China
Big Pharma's internationalisation of R&D to China
The dangers of romanticising entrepreneurs despite key role
UK and Irish business R&D heavily reliant on foreign-owned firms
Silicon Valley and the development of the silicon microchip - Part 2
Ireland: Innovation with or without R&D/ scientific breakthroughs
UK government most open/ transparent in world; Ireland & Greece lowest ranking in Europe
10 questions about Switzerland's Solar Impulse aircraft – answered
Silicon Valley loses its silicon; Typical household income stagnates - Part 1
21st century skills are 18 century skills + a computer
Growing ICT sector in Europe accounts for 5% of employment
Should Ireland copy Singapore's scientific research investment plan?
Startups vs Scaleups: 4% of UK startups have 10+ employees 10 years later
Irish patent filings at European Patent Office fell in 2014
Facebook's maze of privacy settings maybe in breach of European law
Apple to invest €1.7bn in Irish and Danish data centres
Silicon Valley insider warns of dodgy $1bn valuations of private companies
Israel's Startup Nation not a jobs engine; Nor is Irish high tech
Established industries often beat new technology investment returns
Ireland: Noonan said EU to drop Apple tax case; Now expects court case
Irish R&D Tax Credit: No evidence of rising business innovation; Facts don't matter
Apple reports biggest profit of a public company in history