Friday, October 11 16:38:44
The Government today signed off on a new Bill that will extend the remit of Science Foundation Ireland (SFI) and allow it to directly fund applied research.
Sean Sherlock, Minister for Research and Innovation announced the signing into law of the Industrial Development (Science Foundation Ireland) (Amendment) Act 2013. The signing of the Act marks the culmination of a process of robust and comprehensive debate over the various stages, initiated in the early part of 2013.
The passage of the legislation highlighted the key role played by science and technology in improving Ireland's prospects for economic recovery and enhancing societal development. "The broad cross-party support for this important legislation was particularly encouraging," Minister Sherlock commented.
The new legislation will extend the remit of SFI to enable it to fund applied research, thereby complementing its present remit of funding oriented basic research, and take the outcome of research funded since the establishment of SFI closer to market.
It will harmonise the Foundation's areas of funding supports with those identified in the National Research Prioritisation Exercise which was approved by the Irish Government in March 2012; and provide SFI with the legal power to fund research projects on an all-Island of Ireland basis.
It will now be able to participate in international collaborative funding schemes with some other countries/research performing organisations located outside of Ireland.