Irish universities, institutes of expertise and different publicly funded analysis establishments at the moment are spending greater than half a billion euro a 12 months on analysis, in response to Information Switch Eire (KTI).
evaluation of 2021 expenditure from KTI revealed that analysis performing institutes spent €672m on analysis final 12 months, the very best spend on file.
This additionally marked a rise of over one-third since KTI first started the Annual Information Switch Survey in 2013.
There was additionally a slight rise within the variety of spin-out corporations which have been shaped from analysis performing organisations final 12 months. 32 such corporations have been shaped in 2021, a rise of two from the 12 months prior.
In response to KTI, there at the moment are a complete of 143 lively corporations spun out from analysis exercise in Eire which might be three or extra years in existence. The formation of those corporations have additionally led to the creation of 1,218 jobs.
5 spin-out corporations have been acquired in 2021, producing €4m in income to the analysis organisations in Eire.
Irish corporations have been additionally wanting to staff up with third degree establishments for analysis, growth and innovation initiatives final 12 months, forming 80pc of R&D agreements in 2021. 66pc of those have been additionally small and medium enterprises.
“Our 2021 Annual Information Switch Survey reveals that regardless of the challenges of the final variety of years, the connection between Irish publicly funded analysis and enterprise is stronger than ever,” mentioned Enterprise Eire disruptive expertise supervisor Imelda Lambkin.
“We’re seeing a continued geographical unfold of exercise from companies participating with the third degree and different State-funded analysis organisations.”