Ministers Burton and Sherlock launched a Research Prioritisation Plan on 1st March to target the majority of the Government’s core €500million budget that the State spends on scientific research every year on areas with the greatest potential for economic return.
As part of the prioritisation process, the following four criteria had to be fulfilled:
1.A global market exists in which Irish-based enterprises can compete.
2.Public R&D in Ireland is required to exploit the opportunity.
3.Ireland has strengths in related research disciplines.
4.A national or global challenge exists which Ireland should respond to.