Feeds

SMEs urged to 'pick up the innovation ball'

Do or die

Application security programs and practises

Innovate or die was the stark warning issued to SMEs by a University of Limerick (UL) professor at a conference in the city on Friday.

Professor Eamonn Murphy told attendees at the symposium of Collaborating European SMEs that Irish SMEs risk going out of business if they fail to invest in research and development (R&D). Representatives of a number of Ireland's largest manufacturing firms along with SMEs and leading researchers from all over Europe attended the event

"Innovation and R&D are central to the operation and competitive success of every Irish SME," Professor Murphy told those in attendance.

"The length of time and resources that indigenous companies invest in R&D dictates whether they remain competitive and gain new markets. Therefore, it is imperative that the indigenous business sector is supported and encouraged to participate in such activity, which is pivotal to the survival and success of the sector."

Professor Murphy said the government and other bodies such as Enterprise Ireland had created an environment for SME where there were incentives for SMEs to invest in R&D.

"Ultimately, however, it comes down to the companies themselves to pick up the innovation ball and run with it," he said. "Irish SMEs have traditionally always had significant innovation and R&D challenges, as they possessed limited resources to invest in new and improved products, skills and technologies. However, in 2007, there are increased resources available to small businesses that wish to develop into medium sized enterprises including various courses and programmes that the third level educational sector is now providing."

Attendees at the event were told that the launch of the European Commission's €54bn seventh Framework Programme (FP7) would give Irish SMEs access to funds for R&D that were not previously available. Irish firms received €45m under the last framework programme but Liam Brown, marketing chairman of Supply Network Shannon, estimates that €200m will be available to Irish firms under FP7.

"Previously, undercapitalised companies who sought to undertake research and development and invest in new technologies ran a serious risk of destroying the wealth they already had instead of generating it," said Brown.

"The EU Framework Programme, however, complements the existing R&D and innovation strategies of SMEs, large organisations, third level institutions, and research institutes. The key difference between national and EU programmes is that of scale. National projects are typically of the order of magnitude of hundreds of thousands of euro, while EU projects are typically multi-million euro projects," he said.

Copyright © 2007, ENN

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.