Investments in Research, Development and Innovation play a significant role in building Ireland's Smart Economy. RD&I investments not only embed existing operations and employment but pave the way for future investment and Job creation. 2010 saw IDA win a number of high-value RD&I projects for Ireland with over €500million in new RD&I investment secured. RD&I plays a strategic roles as part of Ireland's FDI landscape embedding existing employment and setting the groundwork for increased future employment.
I am informed by IDA that the R&D Tax Credit Scheme continues to be of interest to companies considering undertaking R&D activities. However, specific expressions of interest are not tracked in relation to any specific amendment to that Scheme. While IDA RD&I grants works to stimulate research, development and Innovation in the economy, a further significant advantage in this area is the productive collaboration between industry, academia and government agencies. All stakeholders work together, building a national team to consolidate Ireland's position as a knowledge-based economy and as a primary location for RD&I.