Home > innovation, Research Impact and Quality, Returns on R and D Investments, Spin outs > National Competitiveness Council report: Research, Development Innovation…

National Competitiveness Council report: Research, Development Innovation…

The National Competitiveness Council report is out. Lots about R and D in it. Report available here:

via ncc100114-competitiveness-challenge.pdf (application/pdf Object).

From the ToC:
4. Increasing Productivity
4.1 Restructuring the Economy and the Enterprise Base
4.2 Improving Ireland’s Skills Base and the Delivery of Training Services
4.3 Promoting Investment in Research, Development and Innovation
4.4 Incentivising Capital and Technology Deepening
4.5 Prioritising Infrastructure Investment to Support Enterprise
4.6 Enhancing Competition and Regulation
4.7 Enhancing Delivery of State Supports
4.8 Promoting Workplace Development

From the Executive Summary:

Promote Innovation: Responsibility to innovate rests primarily with enterprises and individuals themselves; however, public policies that support and enable innovation are also important.The NCC recommends that the following actions are prioritised to support a vibrant innovative exporting base:
 Continued investment in research and development is critical to the development of the smart economy. Given the need to reduce Government spending, the NCC recommends that public R&D funding prioritise programmes which have strong business relevance and participation, leverage private sector investment and drive consolidation in existing research infrastructures and centres;
 The NCC favours the development of a funding stream which encompasses a statutorily guaranteed, multi-annual funding package for science research, covering all State funded scientific research. Strategic R&D and innovation funding priorities should be agreed every 2-3 years by Government and provide the framework for the coordinated funding stream;and
 Under the current R&D tax credit system, the credit in foreign owned companies often accrues to the corporate headquarters and is therefore not captured in the costs and revenues of the Irish plant. Reforming the operation of the tax credit so that it is applied to the cost of employment in Ireland could increase the volume of R&D activity taking place here without changing the value of incentives offered.

5. Enhance Productivity Growth through Technology Deepening: Improving productivity growth across all sectors of the economy – private and public, locally and internationally trading, manufacturing and services, indigenous and foreign owned – is central to the future success of our exporting sectors. The NCC has identified the following priorities:
 Investment in technology can play a key role in reducing costs and improving productivity growth. Given the increasing limitations at EU level on government aid for capital investment, it is critical that tax incentives are reviewed to incentivise investment in productive sectors to support sustainable economic activity and employment rather than in property; and
 Access to high quality, resilient and competitively priced, advanced broadband in key regional centres is essential to enable many exporting sectors to exploit future growth opportunities. Better use of technology can also play a key role in enhancing the productivity of the wider economy. Recommendations are set out in section 4.5 which would incentivise private sector provision of advanced broadband and ensure the best use of State infrastructure and funds to deliver advanced broadband access.
6. Improve Ireland’s Skills Base and the Delivery of Training: A strong emphasis on skills development can support the competitiveness of existing firms by enhancing their capabilities and increasing productivity growth. It will also keep unemployed workers close to the labour market and help prevent the drift to long term unemployment. The NCC recommends the prioritisation of the following actions:
 Target education and training funding to address pressing enterprise skills demands which can support immediate improvements in competitiveness – see Appendix I for specific skills needs. Given the high returns from education and training, further funding for relevant training would yield significant benefits as compared with basic job subsidy schemes.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: