The Government recognises that there is a strong link between investment in the research and innovation base of the economy and sustained economic growth and has committed some £1.9 billion to this area over the period of the national development plan. The overall objective in relation to technological innovation and research and development at company level is to ensure companies have access to appropriate technological expertise which helps them to improve their competitiveness and to assist them to absorb and embed such technologies within their companies.
One of the objectives of the measures contained in the national development plan is to increase the level of research activity by Irish companies. It is recognised also that it is important that Irish firms have access to the latest information on developments in research and technology nationally and internationally.
Enterprise Ireland actively assists companies to access and exploit research, development and technology from international sources.
The EU fifth framework programme for research and technological development emphasises the process of innovation, and supports research in areas such as information and communication technologies, food, nutrition and health and technologies for design, manufacturing, control and production. It has a budget of 13.7 billion euros over the period 1998-2002. The programme operates by supporting collaborative R&D between third level colleges, research institutes and companies across the European Community.
The framework programme operates on the basis of an open call for proposals which are then assessed on a competitive basis by an international panel of experts. Enterprise Ireland disseminates information on the programme to companies and assists them to identify suitable partner firms abroad and advises on the content of research proposals.
The operational programme to give effect to the national development plan pays particular attention to the area of access to new technological developments. The technology and innovation partnership, international programme, will link Irish companies and companies overseas for sharing of technology. It will also operate a "technology watch" activity identifying research trends arising abroad and creating new ways of exploiting the results in firms in Ireland.