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Development body reports increased R&D investment

IDA Ireland has reported an 18 per cent increase in the number of first time international investors in Ireland, according to its end of 2013 statement.

Twenty-seven of the 164 projects involved research, development and innovation, said the agency, which is responsible for bringing Foreign Direct Investment into Ireland.

There were gains across all commercial areas but with a particular focus on IDA’s strategic areas: media, ICT, international financial services, life sciences and business services, it reported on 3 January. The agency also continued to go after “fast-growth” companies, a decision based on its development strategy related to the European Union’s Horizon 2020 research budget.

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