Report Summary

Innovation 2020

This innovation plan is a key element of the Irish Government’s overall jobs strategy, Enterprise 2025, aimed at building a new economy based on exports and enterprise, and delivering full employment on a sustainable basis.

A key ambition of the Strategy is to increase total investment in R&D in Ireland, led by the private sector, to 2.5% of GNP. On current official projections, this would mean that over €5billion will be invested per year in R&D by the private and public sectors by 2020. This will represent almost doubling current levels of investment (€2.9billion in 2014).