Business innovate mainly for return on investment, society must innovate for social return and transformation.
implements an integrated, cross-border investment strategy; and combines infrastructure projects with support for innovative services and open access. 4. Innovative fi nancing models:
with the European Investment Bank (EIB) becoming a European Innovation Bank. We propose a major development of the European Investment Fund (EIF) to create a pan-European Innovation Fund;
develop an EU wide market for trading and sharing Intellectual Property; and broker bolder investment readiness initiatives. 5. New places for new types of collaborations.
Innovation feeds on collaboration, the spark and confrontation of diff erent ideas, perspectives and experiences.
investment, quality of ideas and stance to the future matter more than ever. This excellent report represents a landmark shift towards an integrated strategy
Therefore the EU is called on to give a concrete commitment, through further social investments and cooperation with civil society networks.
Private fi nance mainly backs the same low risk investments. Thus people, entrepreneurs and companies with ambitious and creative ideas fi nd limited support and numerous barriers.
from business innovation to business and social innovation Businesses innovate mainly for return on investment,
like the new US fund (see opposite) 3 through a new partnership between the European commission and European Investment Bank (EIB) and through the EU structural funds and EU level recognition.
Europe is still putting its infrastructure investments as it did in the 19th and 20th centuries, like bridges, roads and buildings.
Moreover, such infrastructure investments fail to realise the disruptive nature of new technologies or to capitalise on how emerging technologies interact with
or growth Investment in infrastructure can be a real enabler of innovation but important to recognise that the value comes from the services that come from it
Assuring access and providing signifi cant investment in digital infrastructures are necessary to realise the vision of lifelong learning as well as to increase the competitive environment necessary for advanced learning in universities and colleges.
and fails to mobilise private sector investment effi ciently or consistently. There is no pan-European risk capital market
and investments made using these models in Europe risk being lost unless these models can be reinvented rapidly.
with the European Investment Bank (EIB) becoming a European Innovation Bank failures are a necessary aspect of innovation processes.
A major development of the European Investment Fund (EIF), in partnership with the European Investment Bank (EIB) and European commission with a mandate to create new models to fund transnational partnerships,
BASF's initial investment was €200 thousand together with in kind contributions http://www. basf. com/group/pressrelease/P-09-155 23 Accelerate pan-European venture capital funds
Such funds must attract sustainable co-investment from the private sector across Europe, including corporate venture funds,
An EU market for Intellectual Property Caisse des dépôts (CDC) is owned a state holding company that makes long-term investments in pursuit of public policy objectives and in order to foster economic development...
A fi nancial market place for intellectual property investment and coverage, in line with a similar initiative forecast in Chicago next year being spearheaded by Ocean Tomo, a US merchant bank specialised in intellectual property.
and fi nancial coverage products to hedge risks or investments. This project is under construction
An investment Fund for intellectual property rights dedicated mainly towards public research patents in the fi rst instance.
and CDC maintains regular contacts with European actors in particular the European investment Fund of which CDC is a founding shareholder. 25 2. 5) New places for new types of collaborations:
investments in human capital and training, promoting the update of green and energy effi cient technologies,
and support innovation investments. Similarly, OECD countries are working to stimulate entrepreneurship. Measures include tax breaks for companies,
such as the Frescati and Oslo manuals, can be 9 This is the same rationale underling public investment into basic science.
‘Structural crises of adjustment, Business cycles and Investment behaviour'in Dosi, G. 1988. Technical Change and Economic theory.
Moreover, the European commission has made smart specialisation a prior condition for investment in research and innovation cofinanced by European funds.
Moreover, the Digital Strategy of Catalonia for 2020 establishes the framework for investment and action in the ICT field.
Europe 2020 Job creation and poverty reduction More efficient investment in researchand innovation Promoting a lowcarbon economy and competitiveindustry 1. Framework 12 Within this framework, Innovation Union, one of the seven
-Support for financial instruments to boost private investment and multiply the effects generated by public funds.
and fish-farming 1. Framework 16 A new element introduced into cohesion policy for the 2014-2020 period is the requirement to make smart specialisation a prior condition for investment in research
in order to ensure the coherence of investment in research and innovation and to optimise the impact on economic and social development in the regions and in Europe as a whole.
and research and innovation (both technological and non-technological) investments and activities planned for the 2014-2020 period,
innovation and investment and are engaged in emerging technological sectors or unexplored market niches. Action plans can be very different in type
capitalising on public investment in the research system and promoting its transfer to the economic system.
Financing To set the productive transfer of R&d investment in Catalonia. To provide the Catalan transfer system with specific infrastructure in accordance with companies'needs.
The investment and knowledge of universities and research and technology centres can be capitalized through technology mechanisms such as the establishment of new technology-based firms,
It is vital to provide the greatest possible incentives for investment in new companies through financial instruments that reduce the risk to
To make public investment in the research system profitable. Objectives Main stakeholders Catalan public authorities, companies, business associations, financial institutions, science and technology parks and the education system.
Direct foreign investment has traditionally been an important source of innovation and improved productivity in Catalonia,
if necessary, of RIS3CAT programmes, initiatives, instruments and investment. 4. 1. RIS3CAT Steering committee The RIS3CAT Steering committee de RIS3CAT, established by Government Agreement of 17 december 2013,
Moreover, the European commission has made smart specialisation a prior condition for investment in research and innovation cofinanced by European funds.
Moreover, the Digital Strategy of Catalonia for 2020 establishes the framework for investment and action in the ICT field.
Europe 2020 Job creation and poverty reduction More efficient investment in researchand innovation Promoting a lowcarbon economy and competitiveindustry 1. Framework 12 Within this framework, Innovation Union, one of the seven
-Support for financial instruments to boost private investment and multiply the effects generated by public funds.
and fish-farming 1. Framework 16 A new element introduced into cohesion policy for the 2014-2020 period is the requirement to make smart specialisation a prior condition for investment in research
in order to ensure the coherence of investment in research and innovation and to optimise the impact on economic and social development in the regions and in Europe as a whole.
and research and innovation (both technological and non-technological) investments and activities planned for the 2014-2020 period,
innovation and investment and are engaged in emerging technological sectors or unexplored market niches. Action plans can be very different in type
capitalising on public investment in the research system and promoting its transfer to the economic system.
Financing To set the productive transfer of R&d investment in Catalonia. To provide the Catalan transfer system with specific infrastructure in accordance with companies'needs.
The investment and knowledge of universities and research and technology centres can be capitalized through technology mechanisms such as the establishment of new technology-based firms,
It is vital to provide the greatest possible incentives for investment in new companies through financial instruments that reduce the risk to
To make public investment in the research system profitable. Objectives Main stakeholders Catalan public authorities, companies, business associations, financial institutions, science and technology parks and the education system.
Direct foreign investment has traditionally been an important source of innovation and improved productivity in Catalonia,
if necessary, of RIS3CAT programmes, initiatives, instruments and investment. 4. 1. RIS3CAT Steering committee The RIS3CAT Steering committee de RIS3CAT, established by Government Agreement of 17 december 2013,
5 3. 2. R&d investment in numbers...7 3. 3. Distribution of R&d investments by disciplines...
9 3. 4. Regional and disciplinary presentation of the research infrastructure...12 3. 5. Characteristics of the international and Hungarian scientific fields...
All this can/may result in a significant reduction in the effectiveness of the investment.
which in most cases are not sufficient to fund large investments. 7 prevented the establishment of important and necessary infrastructure.
but cannot be realised without active government participation. 3. 2. R&d investment in numbers The total domestic R&d investment increased from HUF 25 bn to almost HUF 57 bn in nominal value during the period
At current prices, more than twice as much was spent on R&d investment in 2012 than in 2004.
Value of (HUF bn) and share(%)of R&d investments from the total domestic R&d expenditure, 2004-2012 Source:
KSH Machinery, instrument and software investment Statistics distinguishes three types within the R&d investments: machine and instrument investments, software investments and building investments. 13,9%15,5%17,5%11,4%11,4%11,7%11,4%11,3%15,6%0%2%4%6
%8%10%12%14%16%18%20%0 10 20 30 40 50 60 2004 2005 2006 2007 2008 2009
Composition of R&d investments by type of investment and R&d sector in Hungary, 2004-2012 (HUF bn) Source:
It used one-fifth of its investments for construction in the first year of the analysed period,
In 2012, it was close to 16%of the overall R&d investment. The share of software investments fluctuated around 3-8%of the total amount. 61-75%was used for machines
instruments and equipment. The public finance sector used the available R&d investment sources mainly for machinery, equipment and instruments in most of the period under review.
Its share mostly ranged from 70%to 80%.%However, this proportion decreased significantly in two years due to the extraordinary growth in construction sources (to 64.4%in 2010,
In the area of building investments, the data from 2010 and 2012 are outstanding: The HUF 600-900 million expenditure of the previous years increased to over HUF 2. 2 bn in 2010 and then to HUF 5. 7 bn in 2012.
In 2010,31. 8%of all investments has been spent on construction, and the figure rose to 55.2%in 2012.
It used the investment sources primarily for machinery, equipment and instruments in most of the period under review,
there was a sharp increase in the spending for building investments at the end of the period under review and, in particular, in the proportion thereof to the total R&d investments:
muszer beruházás szoftver beruházás egyéb 9 3. 3. Distribution of R&d investments by disciplines As regards the distribution between the various disciplines,
over 80%of the R&d investment is used in natural science and engineering science. They are followed by the agricultural and medical sciences with shares below 10%(with the exception of the 2012,
however, that natural and engineering sciences in the data of both Eurostat and the KSH include investments
Investment ratio of certain branches of science within the total investment value in Hungary, 2007-2012(%)Source:
therefore, the amounts spent on investments differ significantly in the total R&d expenditure. The investment rate specifies how the source spent on investment relates to the total R&d expenditure.
This rate is the highest in the technical sciences, which is followed by the natural sciences and agricultural and medical sciences.
Humanities and social sciences have the lowest rate of investment. A very significant increase was observed in the medical sciences (from 11.5%to 26.4%)and natural sciences (from 11.2%to 16.5%)in 2012.19
R&d investment of the disciplines in%of the total R&d expenditure of the disciplines, 2007-2012 Source:
Types of R&d investment by branches of science in Hungary, 2007-2012 (thousand HUF) Source:
2012 BÖLCSÉSZETTUD TÁRSADALOMTUD AGRÁRTUD ORVOSTUD MUSZAKI TUD TERMÉSZETTUD 11 there is no clear order in respect of the building investments;
however, the impact of a major investment can be seen clearly in the aggregate data: there were such major building investments in the area of chemistry in 2010 and 2012,
and in physics in 2012. As regards technical sciences, it can be concluded that: chemical engineering, pharmaceutical, rubber and plastics industry research is the most infrastructure-intensive sectors in terms of assets in Hungary the second place is held by mechanical engineering, electrical, electronic and IT engineering sciences,
and environmental sciences the chemical engineering, pharmaceutical, rubber and plastics industry as well the electrical, electronic and IT engineering sciences use the majority of investment funds also in terms of the building investments, with a significant jump in the first area between 2007 and 2009, respectively in the latter
the general and clinical medical sciences are the most infrastructure-intensive sectors in terms of assets in Hungary the level of building investments is extremely modest,
with only one significant jump in the field of general medical sciences in 2011-2012 significant constructions are coupled with investment in devices and equipment in this area.
and changes rapidly in respect of building investments: the crop production, forestry and wildlife management areas constantly have a relatively high value,
although the value of the investments in this area decreased continuously, while, in parallel, the budget used for other humanities continuously increased during the period under review certain years are outstanding in terms of building investments in respect of certain disciplines:
2008,2009 and 2011 in the case of historical science, and 2012 in the arts and cultural history disciplines.
economics and management sciences as well as education sciences are the most infrastructure-intensive in terms of assets in Hungary these areas spend the most also for building investment,
but the value of these investments is very low. 12 3. 4. Regional and disciplinary presentation of the research infrastructure An overview is provided of the country's research infrastructures by disciplines based on their geographic location below.
it can be concluded that the investment and operating costs of the infrastructure necessary for carrying out high-standard R&d activities have increased significantly,
Regarding infrastructural investments in Hungary and decision-making on participation in research infrastructure projects listed in the ESFRI Roadmap;
whether the quantity of the investment intensity is tested. From a scientific point of view, the effectiveness of certain infrastructure can be measured best by the publications related to them
From the side of partner countries, the regional RDI institutions and industrial concerns are the suppliers so the in kind activity helps the national developments, investments,
The projects in the ESFRI Roadmap are such European research infrastructure investments that are beyond the possibilities of one country due to their global top-level position (as regards their professional standards) and volume;
and physical sciences may differ in magnitudes, in line with the investment data of the Hungarian infrastructures.
out of which one is built in Szeged as the biggest research and development investment of the country. Our ELI membership is laid down in an 28 international treaty based on a government decision;
The ELI is an investment of three, simultaneously operating European research institutes: the Beamlines Institute in Prague will perform research based on high-intensity X-ray and particle sources;
which will be funded from the budget of the 2014-2020 Programming Period. 15%of the investment amount is financed from the national budget,
They focus policy support and investments on key national/regional priorities, challenges and needs for knowledge-based development.
and aim to stimulate private sector investment. They get stakeholders fully involved and encourage innovation and experimentation.
aimed at ensuring that appropriate institutional and strategic policy arrangements are in place for effective investment.
In relation to research and innovation investment supported by the ESI Funds, an ex-ante conditionality is the existence of a national or regional smart specialisation strategy in line with the National Reform Programme,
After five years of contraction business investment is at a very low level. It has started recently growing again,
Ireland's enterprise policy embraces start-ups, Irish owned firms (both nationally and internationally trading) and foreign direct investment, including greenfield and expansions.
Enterprise policy is focusing on realising the economic benefits of its investments to date in R&d infrastructures,
as has internationalisation by indigenous firms through Outward Direct Investment. are owned foreign, and are generally larger scale entities.
this speaks to the success in embedding the practice of R&d investment in companies in Ireland.
The imperative to maximise Ireland's return on investment in research is emphasised explicitly in the Higher education System Performance Framework 2014-16 under System Level Objective 4:
and the achievement of other societal objectives and to maximise research collaborations and knowledge exchange between and among public and private sector research actors. 3. STI Context The importance of investment in science,
and future economic and social development is reflected in the appreciable allocations for investment in science, technology and innovation by Government in the current and previous National Development Plans,
Prior to a Government policy decision to make a significant investment in science, technology and innovation, research funding in Ireland was at very low levels.
This approach to the investment followed the recommendations of the Technology Foresight exercise7 conducted by The irish Council for Science, Technology and Innovation (ICSTI) in 1998.
These investments have been made to strengthen national research capabilities via investment in human and physical infrastructure.
Cycle 4 in 2012 and the Cycle 5 investment was initiated in December 2010. The aim of the programme is position Ireland as an internationally recognised location with the infrastructure
The Strategy for Science Technology and Innovation 2006-2013 (SSTI) set in train a strong positive trajectory for the STI investment and associated policy.
through substantial public investment, in the SSTI with the result that we have made significant steps in establishing a strong research environment, based on building scientific excellence in a number of key strategic areas.
In the last decade we have trebled the level of investment in research and development, providing enterprise support for R&d, investing in human capital, physical infrastructure and the commercialisation of research.
This investment has contributed significantly to an increase in Foreign Direct Investment (FDI), the competitiveness of indigenous enterprise and to the creation and application of new knowledge and technologies.
In summary the achievements secured from the investment since 2000 place Ireland in a strong position to realise the vision associated with the SSTI of a country renowned for the excellence of its science
Ireland also seeks to leverage the national investment to catalyse all island and international cooperation in priority areas and maximise draw down of non-exchequer funding. 8 http://www. hea
(either hosted or have major partners) in regions where the impact of investment will be most relevant
and societal needs and optimise efficiency to achieve maximum return on investment. With increasing pressures on exchequer resources, a country of Ireland's size is not in a position to develop critical mass in each and every field of science
which future public investment in STI should be focussed over the period to 2017. The group carried out the bulk of its work in 2011.
which need to be underpinned by future investment in publicly-funded STI; 2. Identify and articulate, as far as possible,
Are there other areas where public investment can be leveraged? Infrastructure, human capital 3. Ireland has built
and securing a return on the State's investment. Significant examples of such areas included bioenergy and the discovery and development of therapeutics.
and recommended to Government as areas that would become the focus of future research 17 investment that is oriented towards The irish enterprise base (see Table 3). Detailed descriptions of the priority areas
(i e. total Government investment in research less the research component of the block grant to HEIS and the funding administered by the enterprise development agencies for in-company performed R&d).
An integrated national system of clinical and translational research capacity that can help Ireland capture the local and global benefits of investment in health related research;
and Ongoing investment in the ICT/e-infrastructure that underpins all research endeavours in the country.
a share of future investment will remain untargeted in order to support excellent basic research in new and unanticipated research areas.
and effectiveness of the national STI system. 6. 4entrepreneurial Discovery The NRPE was undertaken to select areas to focus RD&I investment where Ireland had a realistic chance to excel
and therefore maximise impact of RD&I investment on the economy. It was based on a strong evidence base and rigorous analysis combined with stakeholder (broad based) judgement.
of specific economic outcomes from investment in research. In the context of the Government Decision in February 2012 to implement the recommendations contained in the Report of the Research Prioritisation Steering Group,
implementation of research prioritisation is de facto a manifestation of the overarching goal of accelerating the economic and societal return on our STI investment.
and fellowships with industry support for commercially relevant applied research and the development of commercial expertise in the HEI sector investment in research infrastructure focused international collaboration. 22 PRTLI (5th
IDA Ireland IDA Ireland programmes provide the basis for winning new FDI investment projects. The IDA's Research, Development & Innovation (RD&I) Support programme is designed to support companies at all stages of RD&I
and also by securing Ireland as a location for next generation manufacturing. 24 Ireland has made a significant investment in the KETS in the last decade
a framework for monitoring the impact of public investment in Science, Technology and Innovation (STI) has been developed,
in order to maximise the impact of public investment in R&d under Research Prioritisation. 2. To assess the success over time of the implementation of Research Prioritisation.
the human capital and education objectives associated with national R&d investment and the internationalisation of Irish research.
the outputs and outcomes associated with total Government investment in research and development (GBAORD13). The adoption of National Targets also reflects the fact that investment in research contributes directly to performance at the aggregate national level.
The National Targets serve as the basis for establishing some of the targets for the departments and agencies.
A full list of these indicators is available in‘Research Prioritisation, A framework for Monitoring Public Investment in STI'.
State Investment in R&d 2011-2012 Forfás, August 2013 As can be seen from Figure 4,
In relation to the Europe 2020 Strategy Headline Target for Research and development, Ireland has adopted a target of raising combined public and private investment to 2. 5%of GNP (approximately equivalent to 2. 0%of GDP
there will be tight control over investment in the period to 2015. Post 2015, in the context of a return to sustainable growth domestically and a recovered global economy, we anticipate a renewal of the pattern of annually increasing public investment in R&d coupled with a quickening of the average rate of growth of private R&d
investment from the relatively modest rate of 3%forecast to 2014. This growth will be driven through a continuation of a supportive fiscal environment for R&d investment as well as supports for higher education R&d industry linkages with higher education researchers, commercialisation of research results, in-company R&d and start-up companies.
Accordingly, the circumstances expected post 2015 will enable a resumption of progress towards the Europe 2020 R&d target of 2. 5%GNP by 2020 to take place. 528 635 739 784 915 948 909
838 802 796 0 100 200 300 400 500 600 700 800 900 1000 2003 2004 2005 2006 2007 2008
June 2013) Adoption of a Framework of Metrics and Targets to monitor the impact of Science, Technology and Innovation (STI) investment in broad terms and in relation to implementation of research prioritisation;(
They focus policy support and investments on key national/regional priorities, challenges and needs for knowledge-based development.
and aim to stimulate private sector investment. They get stakeholders fully involved and encourage innovation and experimentation.
aimed at ensuring that appropriate institutional and strategic policy arrangements are in place for effective investment.
In relation to research and innovation investment supported by the ESI Funds, an ex-ante conditionality is the existence of a national or regional smart specialisation strategy in line with the National Reform Programme,
After five years of contraction business investment is at a very low level. It has started recently growing again,
Ireland's enterprise policy embraces start-ups, Irish owned firms (both nationally and internationally trading) and foreign direct investment, including greenfield and expansions.
Enterprise policy is focusing on realising the economic benefits of its investments to date in R&d infrastructures,
as has internationalisation by indigenous firms through Outward Direct Investment. are owned foreign, and are generally larger scale entities.
this speaks to the success in embedding the practice of R&d investment in companies in Ireland.
The imperative to maximise Ireland's return on investment in research is emphasised explicitly in the Higher education System Performance Framework 2014-16 under System Level Objective 4:
and the achievement of other societal objectives and to maximise research collaborations and knowledge exchange between and among public and private sector research actors. 3. STI Context The importance of investment in science,
and future economic and social development is reflected in the appreciable allocations for investment in science, technology and innovation by Government in the current and previous National Development Plans,
Prior to a Government policy decision to make a significant investment in science, technology and innovation, research funding in Ireland was at very low levels.
This approach to the investment followed the recommendations of the Technology Foresight exercise7 conducted by The irish Council for Science, Technology and Innovation (ICSTI) in 1998.
These investments have been made to strengthen national research capabilities via investment in human and physical infrastructure.
Cycle 4 in 2012 and the Cycle 5 investment was initiated in December 2010. The aim of the programme is position Ireland as an internationally recognised location with the infrastructure
The Strategy for Science Technology and Innovation 2006-2013 (SSTI) set in train a strong positive trajectory for the STI investment and associated policy.
through substantial public investment, in the SSTI with the result that we have made significant steps in establishing a strong research environment, based on building scientific excellence in a number of key strategic areas.
In the last decade we have trebled the level of investment in research and development, providing enterprise support for R&d, investing in human capital, physical infrastructure and the commercialisation of research.
This investment has contributed significantly to an increase in Foreign Direct Investment (FDI), the competitiveness of indigenous enterprise and to the creation and application of new knowledge and technologies.
In summary the achievements secured from the investment since 2000 place Ireland in a strong position to realise the vision associated with the SSTI of a country renowned for the excellence of its science
Ireland also seeks to leverage the national investment to catalyse all island and international cooperation in priority areas and maximise draw down of non-exchequer funding. 8 http://www. hea
(either hosted or have major partners) in regions where the impact of investment will be most relevant
and societal needs and optimise efficiency to achieve maximum return on investment. With increasing pressures on exchequer resources, a country of Ireland's size is not in a position to develop critical mass in each and every field of science
which future public investment in STI should be focussed over the period to 2017. The group carried out the bulk of its work in 2011.
which need to be underpinned by future investment in publicly-funded STI; 2. Identify and articulate, as far as possible,
Are there other areas where public investment can be leveraged? Infrastructure, human capital 3. Ireland has built
and securing a return on the State's investment. Significant examples of such areas included bioenergy and the discovery and development of therapeutics.
and recommended to Government as areas that would become the focus of future research 17 investment that is oriented towards The irish enterprise base (see Table 3). Detailed descriptions of the priority areas
(i e. total Government investment in research less the research component of the block grant to HEIS and the funding administered by the enterprise development agencies for in-company performed R&d).
An integrated national system of clinical and translational research capacity that can help Ireland capture the local and global benefits of investment in health related research;
and Ongoing investment in the ICT/e-infrastructure that underpins all research endeavours in the country.
a share of future investment will remain untargeted in order to support excellent basic research in new and unanticipated research areas.
and effectiveness of the national STI system. 6. 4entrepreneurial Discovery The NRPE was undertaken to select areas to focus RD&I investment where Ireland had a realistic chance to excel
and therefore maximise impact of RD&I investment on the economy. It was based on a strong evidence base and rigorous analysis combined with stakeholder (broad based) judgement.
of specific economic outcomes from investment in research. In the context of the Government Decision in February 2012 to implement the recommendations contained in the Report of the Research Prioritisation Steering Group,
implementation of research prioritisation is de facto a manifestation of the overarching goal of accelerating the economic and societal return on our STI investment.
and fellowships with industry support for commercially relevant applied research and the development of commercial expertise in the HEI sector investment in research infrastructure focused international collaboration. 22 PRTLI (5th
IDA Ireland IDA Ireland programmes provide the basis for winning new FDI investment projects. The IDA's Research, Development & Innovation (RD&I) Support programme is designed to support companies at all stages of RD&I
and also by securing Ireland as a location for next generation manufacturing. 24 Ireland has made a significant investment in the KETS in the last decade
a framework for monitoring the impact of public investment in Science, Technology and Innovation (STI) has been developed,
in order to maximise the impact of public investment in R&d under Research Prioritisation. 2. To assess the success over time of the implementation of Research Prioritisation.
the human capital and education objectives associated with national R&d investment and the internationalisation of Irish research.
the outputs and outcomes associated with total Government investment in research and development (GBAORD13). The adoption of National Targets also reflects the fact that investment in research contributes directly to performance at the aggregate national level.
The National Targets serve as the basis for establishing some of the targets for the departments and agencies.
A full list of these indicators is available in‘Research Prioritisation, A framework for Monitoring Public Investment in STI'.
State Investment in R&d 2011-2012 Forfás, August 2013 As can be seen from Figure 4,
In relation to the Europe 2020 Strategy Headline Target for Research and development, Ireland has adopted a target of raising combined public and private investment to 2. 5%of GNP (approximately equivalent to 2. 0%of GDP
there will be tight control over investment in the period to 2015. Post 2015, in the context of a return to sustainable growth domestically and a recovered global economy, we anticipate a renewal of the pattern of annually increasing public investment in R&d coupled with a quickening of the average rate of growth of private R&d
investment from the relatively modest rate of 3%forecast to 2014. This growth will be driven through a continuation of a supportive fiscal environment for R&d investment as well as supports for higher education R&d industry linkages with higher education researchers, commercialisation of research results, in-company R&d and start-up companies.
Accordingly, the circumstances expected post 2015 will enable a resumption of progress towards the Europe 2020 R&d target of 2. 5%GNP by 2020 to take place. 528 635 739 784 915 948 909
838 802 796 0 100 200 300 400 500 600 700 800 900 1000 2003 2004 2005 2006 2007 2008
June 2013) Adoption of a Framework of Metrics and Targets to monitor the impact of Science, Technology and Innovation (STI) investment in broad terms and in relation to implementation of research prioritisation;(
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