Budget 2015: Innovation at the heart of successful businesses

The benefits of innovation can be significant.

19th October, 2014
Consideration should also be given to broadening the definition of R&D to include the services sector, which forms a large part of Ireland's economy.

The benefits of innovation can be significant: from developing products and services that secure a competitive advantage, to reducing costs and accessing incentives and funding. As Ireland takes further steps towards economic recovery and growth, fostering innovation has never been more important. Ireland continues to score above the EU average for innovation performance in the Innovation Union Scoreboard 2014, with relative strengths including human resources, innovation dimension and economic effects.

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