Damien English (Meath West, Fine Gael) | Oireachtas source

There is a concern that all the research funding is being directed towards commercialisation. I can confirm that the same amount of money will be spent on basic research. We are not turning away from that; it is needed. We are asking all the players in this area to show the impact of their basic research into the future. We are trying to ensure greater use of taxpayers' money and that research can be commercialised, thus leading to jobs. It is not proposed to leave basic research behind. It is important, however, that people can show that it will have an impact. I am not sure if the committee has met yet with Mr. Mark Ferguson of Science Foundation Ireland. The word most used in this context is "impact". It is important we get that message across. In terms of our future strategy, on which work is under way, we will be looking at research across the board. There is no fear of basic research being left behind.

The Chairman referenced the specific proposal made by Professor Peter Gallagher of Trinity College. It is being looked at by Department officials.

They have met Professor Gallagher and the consortium and have directed him to talk to SFI directly on developing his project. The funding requirements of the proposal would come mainly from the SFI's budget but I am also confident that consideration will be given to a decision on it in the very near future. There is a significant amount of private money available for it as well. I am aware of the proposal and it is being considered at a high level.