Wednesday 13 December 2017

Firms fall short of new ideas

THE majority of Irish companies are failing to invest in the search for new ideas, services and products.

A survey of 200 companies across Ireland has found that 58pc don't rate research and development, according to IT consultancy, Choose Portal.

The economic downturn has led to some companies cutting back expenditure on R&D with just under 30pc admitting reducing their investment levels since 2008.

Some 35pc of companies spend absolutely nothing on innovating.

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