Feeds

Irish IT licensing investment falling short

Five per cent just ain't enough

Build a business case: developing custom apps

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

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?