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Irish firms lead EU R&D scoreboard

A group of research-intensive Irish companies is increasing its research investment at more than double the world average, according to the latest EU Industrial R&D Scoreboard.

The scoreboard, published on 4 December, looked at the R&D ranking of 2,500 companies including 17 firms based in Ireland. These firms increased their research investment by 13.6 per cent above the world average according to the figures for 2013.

The average investment by companies in the EU increased by 2.6 per cent during that year. That rate of increase has slowed from 6.8 per cent in 2012, the report says. The world average increase stood at 4.9 per cent during 2013.

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