Mr. Eoin Costello:

I can bring in my colleague, Ms Siobhan Finn, in respect of the regional clusters and the fact that because we are not pulling agrifood, agri-tech and ICT in Cork or Limerick as a strong international competitive cluster, we are missing an opportunity to achieve the goal.

One thing I would do is make sure the knowledge box, which is the subject of the public consultation process, is configured in a way that is as advantageous to our State as to our guest multinationals. If we make sure it is configured in everyone’s interest we will have far more mobility of PhD researchers and of capital. More international entrepreneurs will see Ireland as a land of opportunity for start-ups that want to take on the world because there will be senior managers in the multinationals who are interested, having reached the top of the career ladder in their corporation, in breaking out to embark on a start-up. The knowledge box is a critical piece of infrastructure. To answer the question on whether we are capitalising enough on our strength I will hand over to Ms Finn.