INNOVATION
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The Irish Advantage in RD&I

Ireland is a proven location for Research, Development and Innovation (RD&I) with a successful track record across multiple industry sectors based on the unique combination of benefits on offer to global business:

  • A stable political environment and a respected regulatory regime.
  • A generous package of financial incentives for RD&I projects.
  • A  pro-business environment with a 12.5% corporate tax rate, tax credits for RD&I activities and an extensive double tax treaty network with 51 countries.
  • A high-skills, knowledge based economy delivering quality, highly productive employees with excellent technical, managerial and multilingual customer service skills.
  • A reputation for flexibility, responsiveness and innovation.
  • Forty years experience working with MNCs to establish and expand operations across a wide range of sectors.
  • Clusters of global leaders in key high tech industries including pharmaceuticals, biotechnology, medical devices, ICT and financial services.
  • Experienced and innovative leaders focused on proactively identifying and solving business challenges.
  • Strong Government support for RD&I focused on highly productive alliances between industry and academia.
  • Excellent legal expertise for the commercialisation and protection of intellectual property rights.
     
Case Studies
  • First established in Ireland in 1994, with the support of IDA, Boston Scientific is the largest medical device company in Ireland and employs 4,900 people in 4 manufacturing sites. Recent announcements by Boston Scientific include a €50 million Research and Development investment in the Galway facility.

  • Shared Services, Contract Centers and Research and Development – a first for Citi

    Citi’s activities in Ireland include corporate rate risk management to liquidity management, billing and payment routing, fund administration, global custody settlements, client services insurance and assurance. The establishment of Citi’s R&D centre, announced in 2005, was the first dedicated R&D centre established by Citi anywhere in the world. What investment did Citi make in their first R&D centre?

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