Technology institutes trump universities at innovation

“Institutes of technology are continuing to beat universities in terms of their participation in a scheme aimed to drive innovation among small Irish firms, according to new figures released by Enterprise Ireland. The innovation voucher scheme, which was a recommendation of the Small Business Forum, was first introduced by the government in March 2007 to help support small businesses. Under the scheme, small businesses can apply for vouchers of €5,000 which can be used for research on their behalf in universities, institutes of technology and other organisations. The scheme, which is operated by Enterprise Ireland, follows a similar initiative in the Netherlands. According to Enterprise Ireland figures, a total of 204 research projects have been completed under the scheme so far. Carlow Institute of Technology has worked with the most companies to date, having completed a total of 29 innovation voucher research projects. Waterford Institute of Technology ranks second, having completed 27 research projects to date under the scheme …” (more)

[Emma Kennedy, Sunday Business Post, 11 January]

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