77% of Irish firms plan to increase RDI spending amid AI, talent shortages, despite barriers like funding and grant administration.

Ireland: Over 75% of firms plan to increase RDI spending amid AI, talent shortages. A recent survey by Innovation Index reveals 60% of businesses cite a lack of funding as a primary barrier to increasing innovation, while 41% identify the time-consuming nature of grant administration as a significant obstacle. Despite these challenges, 77% of firms plan to increase spending on research, development, and innovation (RDI).

May 27, 2024
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