Monday March 30, 2020

New five-year science plan aims to double R&D investment by 2020

Innovation 2020 aims to increase total R&D investment to 2.5 per cent of GNP

8th December, 2015
Innovation 2020 aims to boost research masters and PhD enrolments by 30 per cent. Pic: Pixabay

The government has published a new five-year science plan, Innovation 2020, which aims to double investment in research and development to more than €5 billion a year by 2020.

The strategy aims to increase total R&D investment to 2.5 per cent of GNP (gross national product) by doubling spending by the private and public sector from the €2.9 billion recorded in 2014.

Other targets in the plan include increasing the number of research personnel in enterprise by...

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