Bank of Ireland’s intimate relationship with Enterprise Ireland affords them the opportunity to nurture start-ups throughout their lifecycle
THE IMPORTANCE of innovation to economic growth is undisputed. Increasingly, governments around the world are seeking ways to maximise innovative capacity and performance within their economies. And it is generally accepted that innovation will play a critical role in Ireland’s economic recovery.
The figures speak for themselves in this regard. Enterprises involved in innovative activity are far more productive and profitable than those that aren’t. Companies active in innovation have an average gross value add (GVA) per person of more than €164,000 per annum, compared to €89,000 for non-innovative firms. Furthermore, innovative enterprises are twice as likely to be engaged in export (66 per cent) as non-innovative enterprises (33 per cent).
To read the full, original article click on this link: Nurturing the growth of innovation - The Irish Times - Thu, Nov 25, 2010
