Mr. Frank Ryan:

We have a long history of working directly with universities and the institutes of technology which we see as an engine of growth in their regions. It is not Enterprise Ireland's responsibility to direct Government policy. We are required to implement it. My colleague, Gearóid Mooney, will talk a bit about the New Frontiers programme and the spin-out levels we are experiencing from universities and institutes of technology in business start-ups. In many regions the institute is the jewel in the crown for many of the type of business start-ups that can have international success.