Knowledge Transfer Ireland (KTI) was officially launched today, 28 May 2014 by Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD. In front of an audience of well over two hundred people, the Minister welcomed the launch of KTI which represents the delivery of a key commitment in APJ 2014 and is a significant step in making it easier to commercialise, and ultimately create jobs from, ideas developed through publicly funded research, which currently receives total funding of over €800 million per year.
Making the announcement, Minister Bruton said: “Ireland has built up a substantial infrastructure, expertise and international reputation for scientific research and innovation. Globally, we are currently ranked 10th out of 142 countries for innovation, while in Europe, we are ranked first out of 23 countries in terms of knowledge transfer performance of public research organisations.
As of today, Ireland is the first and only country in Europe to give companies the opportunity to search multiple databases of the research talent, knowledge and technologies available in our publicly-funded research institutions.
This is a significant milestone in the Government’s strategy to build collaborative links between the State research sector and industry. It will lead to increased business innovation, cost-efficiencies and ultimately job creation in Irish industry”.
Richard Bruton T.D. Minister for Jobs, Enterprise & Innovation and Dr. Alison Campbell, Director of KTI