We are turning corner on economy - O'Keeffe
EVIDENCE is mounting that the economy has "turned the corner" and is now in recovery from recession, Enterprise Minister Batt O'Keeffe insisted yesterday.
Mr O'Keeffe said that small-medium enterprises as well as research and development (R&D) projects would be to the forefront of helping Ireland to create desperately needed new jobs.
The minister confirmed €8.5m in grant aid for cutting-edge Irish research projects. He said the funding was a vital support in the drive to develop a 'smart economy' with enormous potential for job creation.
The €8.5m will now be divided between 47 R&D projects which will involve more than 100 third-level research officials. The projects cover a range of areas, including genetics, bacterial research, environmental monitoring, food safety, media and communications, and disease applications. All are being supported under Ireland's Research Frontiers Programme under the umbrella of the Science Foundation.
"By helping researchers at a relatively early stage in their work, the programme is targeting our most promising scientists in building their research teams and track records and enhancing our competitiveness," Mr O'Keeffe said.