Mr. Nick Ashmore:

There is a very important role for the universities and Science Foundation Ireland, SFI, research centres in this space. We can see fantastic, ground-breaking and market-leading work happening in these research centres, often very much in conjunction with large-scale industry. We have been working with the MaREI Centre in UCC trying to connect and tap into the research it is doing around the climate space, which is very comprehensive. We think there is a significant opportunity for better connectivity with the financial world and the broader swathe of SMEs and mid-sized businesses that are not necessarily thinking about where they can tap into new ideas, innovations and research that could drive their businesses. We saw a very good example where UCC did some cutting-edge work on the decarbonisation of distilleries. We have an investment in a distillery 60 miles up the road and there was no connectivity there. There was no sense from our investee business that this intellectual property was there to be used and no sense within the university that there was an opportunity 60 miles up the road to deploy that intellectual property and see it work. Bringing those groups together and opening up access to this incredible research is really important.