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Mon 01 Jan 2010More to academic research than bottom-line returns
INNOVATION:IN THE IRISH Timeslast Monday, the case for increased investment into IP commercialisation was argued. Although there is significant merit in the development of a more strategic approach to research investment, with funding to be provided for the commercialisation of intellectual property, the return from university research needs to be assessed by what it delivers to the country and the economy.
The specific example of Trinity College Dublin (TCD) was highlighted where a research budget of €71 million in 2008 was compared with royalty income of €130,000. While recognising that this is a proxy example for the sector as a whole it fails to articulate the multifaceted return to Ireland of investment into university research.
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