Oireachtas Joint and Select Committees

Tuesday, 27 November 2012

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2012
Vote 32 - Department of Jobs, Enterprise and Innovation (Supplementary)

4:20 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

Some of them would come down at rent reviews but obviously they are in the same position. The IDA is in the same bind when it comes to upward-only rent reviews. It is caught with the rents it has so whether or not it has vacant property, which inevitably occurs, it is stuck with rents until the review date. Many of them are upward-only rent reviews. It is in the same category.

I do not have the KPIs here. Science Foundation Ireland has just produced its eight-year strategy up to 2020. Obviously, one has things like licences, patents, publications in meritorious journals and the number of people placed from the centre in industry - it currently has approximately 30% and obviously SFI is seeking increase that. Another metric is the extent to which it gets co-funding either from FP7 or from industry. There is a separate one for industry and for other State funding. The intention is to force it down the commercialisation route. Spin-outs is another criteria. There are eight or ten different ones and Science Foundation Ireland has set itself a metric of increasing those from the base position by a certain percentage. In regard to placement in industry, it is from 30% to 50%. It is seeking to double the number of spin-outs over a very long period of time. I can get the Deputy the metrics for the Tyndall Institute. Those sorts of metrics apply in all of them.

In regard to the individual PRTLI referred to by Deputy Lawlor-----

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