Feeds

Irish IT licensing investment falling short

Five per cent just ain't enough

Secure remote control for conventional and virtual desktops

Irish companies are increasingly recognising the value of technology licensing but are not investing enough in the process, according to Enterprise Ireland.

Irish companies invested roughly €1.4bn in research and development in 2006, but only five per cent of this was spent on licensing.

"Enterprise Ireland has some €60m to spend in its RTI (Research Technology and Innovation) and productivity funds in 2007, up to 50 per cent of which is available for licensing and technology acquisition, and we want to ensure that this money is used to best effect," said Jim Cuddy, Enterprise Ireland's manager of the Innovation and Technology Transfer department. "Why develop a technology or product yourself when it might be available elsewhere and could be licensed-in?"

Enterprise Ireland's TechSearch programme assisted 35 Irish SMEs in signing technology transfer deals worth a total of €2m this year. These deals led to an increase of €5m in sales and exports for the companies involved. Participation in the programme increased 60 per cent in 2006, with around 200 companies entering the programme. Firms that have participated in the TechSearch programme include Donegal-based business Inishowen Engineering, which licensed an underwater lamp.

"Many entrepreneurs who head up SMEs think their business doesn't fit the profile of a company who should take advantage of licensing, but our TechSearch programme actively supports Irish businesses through each step of the process, including finding the technology or product, evaluating potential projects, and contract negotiation," Cuddy said.

Enterprise Ireland signed a partnership agreement with the National Research Council of Canada in October with the aim of getting 20 Irish companies involved in discussion on technology licensing partnerships with Canadian businesses.

Copyright © 2006, ENN

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.