Irish research and development is significantly below European targets and is being dominated by multinationals, according to a new report from the European Commission.
Two thirds of all business-related research and development in Ireland is being done by multinational companies, says the Commission’s Research and Innovation Observatory.
Citing figures from 2014, the report says that Irish R&D “intensity” — expenditure on R&D divided by sales — is 1.52pc, below official EU targets of 2pc.
The report also says that business expenditure here stands at €2.1bn.
Article Source: http://tinyurl.com/kbwqb42