Majority of Irish enterprises engaged in innovative activities

Foreign-owned enterprises accounted for a large proportion of innovation expenditure in Ireland at 73%, while Irish-owned enterprises accounted for the remaining 27%.

Nearly 60% of Irish enterprises were involved in innovation activities during 2020, figures from the Central Statistics Office (CSO) revealed today.

The total expenditure by enterprises on innovation was €7.4bn in 2020, up significantly from €5.5bn in 2018, an increase of 36.8%.