Irelands SMEs need a larger slice of the R&D Tax Credit cake [Video]

Ireland has massive ambitions to be a global Research & Development (R&D) powerhouse with far-reaching plans to maximise its impacts across the economy, society and the environment, writes Tom Verner, Managing Director Momentum Tax Group, Dublin.

In August, the government launched (Taighde Éireann) Research Ireland, the country’s new competitive research and innovation funding agency.

The new agency amalgamates the Irish Research Council (IRC) and Science Foundation Ireland (SFI) and will capitalise on the recognised strengths of these two agencies in driving world class research and innovation in Ireland.

Research Ireland was a keystone of Impact 2030, Ireland’s Research and Innovation Strategy which seeks to put the full spectrum of research, development and innovation at the heart of addressing some of the country’s biggest challenges.

One of the pillars of the strategy seeks to broaden and deepen enterprise innovation capability with a focus on indigenous SMEs.

Put simply, Ireland wants to be an R&D leader. And, …