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• E359m Investment in Research Fund Announced

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  Helena Deane    Group moderator

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  E359m Investment in Research Fund Announced

  The Taoiseach, Brian Cowen, today announced a E359 million investment plan for research and innovation which will create 379 jobs and drive Ireland's economic recovery.
  
  The Government's Programme for Research in Third-Level Institutions (PRTLI) invests in physical infrastructure and research projects in our higher education institutions.
  
  Under Cycle 5 of the programme, announced today, the Government will invest E296.1 million, with E62.6 million coming from private non-Exchequer sources.
  
  PRTLI Cycle 5 will run between 2011 and 2016 - the period of the revised capital programme.
  
  "During my visit to the United States this week, I emphasised that the recovery in Ireland is underway. We have taken the difficult decisions and we are coming out of the crisis. Our focus now is on maximising sustainable growth and job creation. Over the past decade, Ireland established a strong research environment and built scientific excellence in strategic areas. However, as noted by the Innovation Taskforce, we now need to translate this investment into sustainable jobs and economic growth. We need to strengthen links between our research institutions and industry to ensure that we develop, transfer and apply knowledge in productive ways," the Taoiseach said.
  
  "The E500 million Innovation Fund I launched in New York earlier this week seeks to attract top-tier venture capitalists to Ireland. This is another piece in our strategy to support Irish start-ups and attract overseas entrepreneurs to Ireland."
  
  Construction work under the PRTLI Cycle 5 investment will provide more than 64,000sq/m of research space in new and refurbished buildings on our higher education campuses and create some 2,000 jobs in the sector.
  
  The research projects will create 379 direct jobs and a significant number of research studentships.
  (Bizworld)
  
  • 19 Jul 2010, 10:12 am
  Helena Deane wrote: > The Taoiseach, Brian Cowen, today announced a E359 million investment > plan for research and innovation which will create 379 jobs and drive > Ireland's economic recovery. > > The Government's Programme for Research in Third-Level Institutions > (PRTLI) invests in physical infrastructure and research projects in > our higher education institutions. > > Under Cycle 5 of the programme, announced today, the Government will > invest E296.1 million, with E62.6 million coming from private > non-Exchequer sources. > > PRTLI Cycle 5 will run between 2011 and 2016 - the period of the > revised capital programme. > > "During my visit to the United States this week, I emphasised that > the recovery in Ireland is underway. We have taken the difficult > decisions and we are coming out of the crisis. Our focus now is on > maximising sustainable growth and job creation. Over the past decade, > Ireland established a strong research environment and built > scientific excellence in strategic areas. However, as noted by the > Innovation Taskforce, we now need to translate this investment into > sustainable jobs and economic growth. We need to strengthen links > between our research institutions and industry to ensure that we > develop, transfer and apply knowledge in productive ways," the > Taoiseach said. > > "The E500 million Innovation Fund I launched in New York earlier this > week seeks to attract top-tier venture capitalists to Ireland. This > is another piece in our strategy to support Irish start-ups and > attract overseas entrepreneurs to Ireland." > > Construction work under the PRTLI Cycle 5 investment will provide > more than 64,000sq/m of research space in new and refurbished > buildings on our higher education campuses and create some 2,000 jobs > in the sector. > > The research projects will create 379 direct jobs and a significant > number of research studentships. > (Bizworld)