In its National Development Plan 2000 “2006, the Irish government has identified research, technology development, and innovation as important keys to sustained economic growth and maintaining Ireland's competitiveness in the knowledge economy. The Office of Science and Technology in the Department of Enterprise, Trade and Employment is responsible for providing advice on research, technology, and innovation (RTI) issues to create an awareness of the significance of RTI in economic and social development. Ireland is well along in the process of building an advanced knowledge-based and high-wage economy. Irish people now want more than just to be employed; they expect a higher standard of living. With a tight labor market, Ireland is not attractive to basic manufacturing companies. It needs to build its RTI capability to strengthen Irish industrial performance. Unprecedented advances in science and technology are becoming the bedrock of economic growth, and Ireland's economy is increasingly based more and more on information and knowledge. The Higher Education Authority is responsible for research infrastructure in the universities. The amount of resources now available for research, technological development, and innovation (RTDI), in the context of the National Development Plan, is vastly superior to what was allocated to these areas in the past. In 2000, the Irish government has earmarked almost & pound ;2 billion Irish pounds (U.S.$2.3 billion) for RTI. One example, Science Foundation Ireland (SFI), was recently launched to establish Ireland as a world-class center of research excellence in the strategic niche areas of biotechnology and information and communications technologies (ICT). This center will support the future enterprise environment in Ireland. SFI, in turn , oversees the management, evaluation, and allocation of the Technology Foresight Fund of over $550 million for investment in research areas. This fund represents the largest single investment ever in the history of the state in research and development. SFI has set up advisory panels that are composed of two bodies of high-level experts, industrialists and academics , from both inside Ireland and the international arena. They provide advice on key areas, niches that are internationally recognized and of strategic importance to Ireland. SFI will fund world-class research teams in universities and technical colleges in Ireland, led by outstanding, world-renowned researchers (SFI principal investigators ). Using these research capabilities, Ireland is projecting into the future with policies that are geared toward creating world-class research companies that develop new and innovative ideas, companies that will compete in the global, knowledge-based economy. As director of the Office of Science and Technology, Mattie McCabe is responsible for compiling and advising Ireland's overall science and technology innovation policy, particularly as it affects industry and competitiveness. He speaks about the huge investment in basic research the Irish government has committed toward making Ireland an even more competitive site for innovation. The expectation is that Ireland will become a cradle of innovation for future commercial technologies.
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