| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


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.


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


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


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Innovation Last Updated: May 30, 2014 - 7:19 AM

Innovation Ireland: Knowledge Transfer Ireland. service launched
By Michael Hennigan, Finfacts founder and editor
May 29, 2014 - 7:40 AM

Email this article
 Printer friendly page

Innovation Ireland: The latest announcement from Richard Bruton, enterprise & innovation minister, of the launch of Knowledge Transfer Ireland, provides the possibility of "making it easier to commercialise, and ultimately create jobs from, ideas developed through publicly funded research, which currently receives total funding of over €800m per year."

Knowledge Transfer Ireland (KTI) - - claimed to be the first resource of its kind in Europe - - is the State-funded central technology transfer office, located in Enterprise Ireland and operated collaboratively by Enterprise Ireland and the Irish Universities Association.

The key service offered is a web-portal that enables companies to identify experts, research centres and technology-licensing opportunities to benefit their business.

Graphene: Discovered in UK - commercialisation gains maybe elsewhere

As usual, hard facts are scarce but there is a misleading claim:

Ireland is already scoring top of the class in Europe in terms of knowledge transfer - the European Commission Knowledge Transfer Study published in June 2013, ranked Ireland first (out of 23 countries) in terms of knowledge transfer performance of public research organisations in individual countries, and we have also been ranked third in the EU in the "Indicator of Innovation Output”, which measures the extent to which ideas from innovative sectors are able to reach the market, providing better jobs and making Europe more competitive. In addition, Ireland is ranked 10th in the WIPO Global innovation Index 2013."

There are about 6,000 full-time equivalent researchers at third level in Ireland and in 2012, the Department of Enterprise said licensing fees were less than €1m annually.

In Europe total license income amounted to €436.5m. Out of the total, approximately €256.5m was earned by universities and approximately €180m by other research organisations. Average license income was €741,285 at universities and €2,535,857m at other research organisations.

Most of the license income is earned by a small percentage of PROs (public research organisations). The top 10% respondents to a European Commission survey showed that universities (35 PROs) earn 86.5% of the total license income earned by all universities in the sample.

Israel produced the most patent grants with an average of 35.9 patent grants per 1,000  research staff. Latvia ranks second with 26.7 patent grants on average per 1,000  research staff and France ranks third with 18.7 patent grants per 1,000 research staff. Croatia, Bulgaria and Hungary produced the least patent grants per 1,000 research staff (see chart above).

According to the European Commission report, the Czech Republic is the most productive country in generating license income with on average €3,130,000 per 1,000 research staff. Israel ranks second with on average €2,081,000 of license income per 1,000 research staff and Belgium ranks third with on average €2,035,000 of license income per 1,000 research staff.

Ireland's level is below the EU average at €352,000 but given the researcher level is at 6,000, the number appears exaggerated and does not tie in with teh Department's total of less than €1m.

Why is there no data on the number of Irish spinouts and their performance?

As for the Global Innovation Index, the biggest Irish R&D spenders are only Irish because they have placed their headquarters in Ireland.

According to a recent Brookings Institution paper, in 2012 a year very much in line with the ten-year trends in this sector, the top 5% of US third level technology earners (8 universities) took 50% of the total licensing income of the university system; and the top 10% (16 universities) took 70%, nearly three-quarters of the system’s income. 

130 universities from 155, did not generate enough licensing income in 2012 to cover the wages of their technology transfer staff and the legal costs for the patents they file. What is more, with 84% universities operating technology transfer in the red, 2012 was a good year because over the last 20 years, on average, 87% did not break even. 

Most spinouts do not grow. 

Read the views of Bart Clarysse, professor of entrepreneurship at Imperial College London Business School, on challenges faced by tech startups.

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

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