Business involvement key to Innovation strategy success

Ibec, the group that represents Irish business, today welcomed the launch of Innovation 2020, the government’s new strategy for research and development, science, and technology.

but said it will only succeed if business is closely involved in its implementation. Ibec’s Senior Executive for Innovation Policy Conor Minogue said: “Ireland needs a business environment that attracts and supports R&D, facilitates the growth and scale of indigenous firms and encourages innovation right across the economy. The Government has identified a range of measures to make Ireland a global innovation leader, the challenge now is implementation.“The strategy rightly highlights the need for more investment in R&D, the development of an internationally competitive research system and greater enterprise support. The focus on talent development is particularly welcome. People are at the heart of all innovation and a high-quality, adequately funded and responsive education and training system is crucial. It is vital that the forthcoming National Skills Strategy complements Innovation 2020 and ensures that all parts of government are working together.” Ibec welcomed the strong commitment to increase public investment in R&D, this as part of the national target of 2.5% of GNP for total investment. However, Ibec expressed concerns about aspects of the strategy’s planned implementation: “Given the focus on challenge-centric research and the aim to double private investment in R&D, ongoing engagement with business is crucial. Business will now carefully study the strategy and discuss with Government how industry can play the most effective role in its delivery,” concluded Mr Minogue

For more please click:http://www.ibec.ie/IBEC/Press/PressPublicationsdoclib3.nsf/vPages/Newsroom~business-involvement-key-to-innovation-strategy-success-08-12-2015?OpenDocument#.VmcGT5Wvn4g

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