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Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: I refer to my question about the large scale awards. The Minister of State mentioned the sectors these were in and also mentioned the perinatal work in Cork. In regard to other geographical areas, was there, say, a figure of 50% identified for centres outside Dublin and Cork, or are they all to be found in those two city areas? My second question relates to the number of patents being...

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: There is excellence outside Dublin and Cork.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: I mentioned the Horizon 2020 target for GDP.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: It was originally GDP.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: Does the Minister of State not agree it makes the figure look better?

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: I refer to page 23, on workplace relations. When will this be presented before committee? Page 24 deals with the Companies Registration Office, CRO. This body will have a big job of work to do with regard to the Companies Bill and to allow for a smooth transition. I do not see anything assigned to the CRO to allow for that and ensure it does not suffer. The Competition Authority targets...

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: I read that there were five new large-scale awards. If the number is actually seven, that is fine.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: Where were the large-scale awards made?

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: Yes.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: There is no defined IP determination; it can be developed. How do determinations normally develop? I imagine that the IP is looked after by the private entity in most cases.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: There are no figures to determine the breakdown of the IP historically.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: What about companies which perhaps do not pay exactly 12.5%? Perhaps they have research and development incentives or another incentive which reduces their liability for the headline tax.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: I have asked for the figure and I ask the Minister-----

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: With regard to venture capital, seed capital, microfinance and credit guarantee, if the Minister is honest, he will be disappointed with the level of uptake and infusion of these structures in the past year. Private investment is a sorely lacking stimulus in the economy. What can the Minister do to help with this?

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: What is the current value of equity holdings by Enterprise Ireland companies? Why did Enterprise Ireland technology centres not match those in priority research? With regard to support through Science Foundation Ireland, the target was to consolidate 28 research centres and five new large-scale awards. Where were the large-scale awards made? With regard to Science Foundation Ireland...

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: My understanding of it, and I might be wrong, is that it is the level of capital held by firms here that is not taxed here but where the enterprise is resident elsewhere.

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: The value of the capital reserves in the economy attributable to a parent enterprise resident in a different economy. It goes back to this-----

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: While we are on that table, it states: "International competitiveness ranking of business impact of rules on FDI ...", and Ireland is No. 1 in that regard, which is a good news story, but what are those rules or what would be contained in them? What are the metrics under which that is measured?

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: There was a follow-up-----

Select Committee on Jobs, Enterprise and Innovation: Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)
(11 Jun 2013)

Peadar Tóibín: I do not want to harp on about the tax incentive but in many ways it is the offshore elephant in the room. It is an incentive towards enterprise. We are here to discuss incentives towards enterprise, and the Deputy mentioned that it is a reducing factor with regard to the four "Ts". It is probably not possible to identify the figure now but I ask that the figure for the tax incentive total...

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