merrion street

Minister of State for Research & Innovation today welcomed the results of a survey which showed growth in expenditure on Research & Development in Ireland.

Speaking today, the Minister said:

It is very heartening that levels of investment by business in R&D remain high at a time of global economic retrenchment, and even better that indigenous companies in Ireland anticipate an increase in the levels of their R&D investment in 2010.

The backdrop to this survey is that Ireland has significantly increased its investment in R&D over the past decade. Two thirds of Ireland’s R&D is in the private sector, creating new product and service innovations that will drive exports, growth, and jobs.

As a result of investment to date, Ireland has built a strong science base, and has joined Finland, Germany and the US in the world’s top twenty countries for scientific output.