The Minister for Jobs, Enterprise and Innovation Richard Bruton TD, together with the Minister for Research and Innovation Sean Sherlock TD, have today announced new structures which they say make it easier to commercialise and ultimately create jobs from ideas developed through publicly-funded research, which currently receives total funding of over €800million per year.
The new structures, which aim to encourage more businesses to commercialise R&D by ensuring that they can access the results of State-funded R&D with greater ease and certainty, include:
- A new Central Technology Transfer Office, to act as a one-stop shop for businesses seeking to use intellectual property deriving from publicly-funded research
- Standardised intellectual property terms, which will facilitate easy-to-set-up agreements between businesses and researchers
- Generous commercial terms to encourage businesses to engage with researchers, and to use the results of research to develop new products and services
- Improved management of Intellectual Property
Over the past ten years, Ireland has built up a substantial infrastructure, expertise and international reputation for scientific research and innovation. In 2003 Ireland was ranked 36th in the world for quality of scientific research output; in 2010 we were 20th. In 2000 our total spend on publicly-funded R&D was €290million; in 2010 it was €872 million.
Speaking at announcement at UCD in Dublin Mr Bruton said “Today’s announcement marks a major evolution of the relationship between industry and publicly-funded research. It will create a world-class new system that will make it easier and faster for entrepreneurs and companies to negotiate a commercial arrangement with researchers. It will provide a significant improvement to Ireland’s international offering and encourage more companies to locate here. It will encourage more multinationals and indigenous companies to use the IP generated by Irish R&D to create products and services and ultimately create more jobs.