Irish firms ‘very keen to innovate’

Over 80% of companies would rather partner with other firms in areas such as entering new markets and improving products rather than going it alone, a new survey has revealed.

Ireland fares positively in the annual global innovation study from energy giant, GE, the first year it has been included in the survey. The study’s main aim is to measure countries’ reaction and capability for innovation.

The latest edition ranks Ireland 16th out of 25 countries in terms of its framework for innovation, but notes that Irish firms want more supports and incentives from Government.