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Research and development: the commercial opportunity

Commercialising research and development allows businesses to remain competitive in the marketplace and earn a financial return on research. Here, we examine how two companies identified a commercial opportunity in R&D.

How can collaboration boost innovation in Northern Ireland?

Innovation is not a luxury – it’s a necessity. It’s how we respond to global challenges, drive productivity, create good jobs, build a sustainable future, and ensure Northern Ireland remains competitive on the world stage.

Invest Northern Ireland’s three-year business strategy aims to unlock the potential of businesses across NI

We want to help business across Northern Ireland become more productive, innovative and profitable, and in turn deliver an economy that works for everyone.

We recently launched our new business strategy ‘Our Future in Focus 2024-27’. It is a three-year plan focused on raising productivity, creating good jobs, driving sustainability, and promoting balanced regional growth – the four pillars of Minister Murphy’s Economic Mission.

Innovate for success: how can we solve Northern Ireland’s productivity problem?

In today’s fiercely competitive global marketplace, productivity is vital for business survival. Businesses with higher productivity levels and lower costs per unit of output are more competitive in both domestic and international markets. 

Productivity is also crucial for wider economic prosperity. A country with higher productivity usually has more export potential, job creation, and sustainable growth.

Northern Ireland lags behind the UK and the Republic of Ireland’s productivity levels. According to the Productivity Institute’s ‘NI Productivity 2040’ insights paper, the failure to