The future competitiveness of the Irish economy will increasingly be based on the quality of the intellectual capital available to stimulate innovation, excellence and entrepreneurship. In strengthening the country's intellectual capital, we want to use the resulting capability to create a reservoir of ideas, skills and talent which will profit Ireland in the future. To meet this goal, SFI will work in partnership with all third level institutions to augment both the quality and the amount of research carried out on a competitive basis. The best way to do this is by investing in creative and successful teachers and scholars based in these institutions.