The Government has allocated additional funding of £4 million in 1996 to begin the process of implementing the STIAC recommendations. These funds will be disbursed through a variety of existing and new schemes operated by Forbairt.
The main features of the £4 million allocation include: a £700,000 boost to applied industry research in third level colleges; an increase of £700,000 in the allocation for the techstart scheme, for small firms taking on college graduates; an extra £500,000 for basic research and £200,000 for strategic research in 1996; allocating an additional £300,000 for the development of technology service centres by the regional technical colleges; a doubling of the PhD student grant to £2,000 a year; the provision of £100,000 to fund five two-year post doctoral fellowships per annum; a further £200,000 for international research collaboration; £200,000 extra for company technology audits and £250,000 for company technology brokerage; £200,000 towards a new programme involving collaboration, in research, among clusters of small firms; and £250,000 to be spent on the promotion of science, technology and innovation to remove the generally negative public perception towards science and technology.