Dr. Tom McDonnell:

That is right. Again, we do not spend enough on research in this country. One of the very obvious things we could be doing is that we should be exploiting the historical mistake the US Administration is making in attacking its own universities. We should be attempting to attract those superstar researchers to Ireland, which is what France and other European countries are doing. We should be giving them funding for PhD students, laboratories or whatever it might be. We should be basing their cutting-edge knowledge and skills in Ireland so that their high-potential start-ups will be founded in Cork, Limerick and Galway rather than in the United States. That would be a very useful policy to pursue and a way of kick-starting our own innovation system, which has been too reliant on US multinationals in some respects and which we have not been able to develop properly. We have been very successful in some aspects of education but there is now an opportunity as regards that kind of high-level innovation system model. From a fiscal perspective, it would not be that expensive.