7. 58% of multi national corporations (MNCs) responded that less than half of their R&D would take place in Ireland without the R&D Tax Credit.
8. According to survey respondents, the main factors Ireland needs to look at to remain competitive in the evolving international
landscape are; simplifying the claims process/reducing admin work (29%), increasing funding amounts/expanding eligibility criteria (15%), and improving access for Small and Medium Enterprises (SMEs) (9%).
9. In relation to improving supports for SMEs conducting RD&I, 35% of SMEs feel that increasing grants/funding, 21% indicated that
making the application/claims process easier and 13% feel that increasing education/training will significantly improve supports for SMEs.
10. 41% of companies are engaged in incremental innovation (Extension of products/services with existing customers), 34% engage in breakthrough innovation (Breakthrough product/market changing products/services) and 24% engage in disruptive innovation (Technology or new business model that disrupts the existing market).
11. 67% responded that developing new areas of business and new models is one of their key priorities.
12. 78% of respondents stated that they think a R&D Tax Credit of 50% would incentivise increased R&D of Green and Sustainable Technology.