New structures were announced last week to make it easier to commercialise ideas developed through publicly-funded research, and ultimately create jobs.
The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, together with the Minister for Research and Innovation Mr Sean Sherlock TD, presented new structures which are aimed at giving businesses easier access to state funded research and development (R&D) results. This will enable businesses to commercialise their ideas more easily and, consequently, should lead directly to more jobs.
The idea is to enable private companies to access R&D results that are partly or even up to 100 per cent state funded. That way the private sector can take advantage of a magnitude of research and development, but without having to bear the full costs and risks connected with having to do the R&D in in-house departments.
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