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Home > News > Irish SMEs - do or die R&D Message

March 9th, 2007

Irish SMEs - do or die R&D Message

Mr. Brown's own specific area of expertise is Nanotechnology, Nanosciences, Materials and New Production Technologies (NMP) of which the total budget is €3.5 billion over the next seven years. The FP7 National Contact Point (NMP) for Enterprise Ireland, continued, "Previously, undercapitalised companies who sought to undertake Research and Development and invest in new technologies ran a serious risk of destroying the wealth they already had instead of generating it. The EU Framework Programme, however, complements the existing R&D and innovation strategies of SMEs, large organisations, third level institutions and research institutes. The key difference between national and EU programmes is that of scale. National projects are typically of the order of magnitude of hundreds of thousands of Euro while EU projects are typically multi million euro projects."


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