Although the amount of money being invested in the technology foresight fund is quite large at €646 million, other companies such as Intel, Microsoft, Hewlett Packard and Siemens spend up to $4 billion dollars on research each year. The Government is investing a great deal of public money, but it must be borne in mind that 72% of the research and development carried out in the world is conducted on behalf of corporations. We should not get too carried away with our investment, even though it represents an important change in the direction of our economic and industrial development. It is as important as the change from agriculture to manufacturing. It is a central part of Ireland's activities in the areas of science and innovation.