Technological innovation expenditure estimated at €85.7 million

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Technological innovation expenditure for 2014 was estimated at €85.7 millionTechnological innovation expenditure for 2014 was estimated at €85.7 million, the National Statistics Office said today.

Between 2012 and 2014, 612 enterprises employing at least 10 persons, or 34.0 per cent of the total, undertook innovation activity.

Results show that 126 enterprises were engaged solely in technological innovation, 207 enterprises were engaged in non- technological innovation and the remaining 279 were involved in both technological and non-technological innovation.

Technological innovation expenditure for 2014 was estimated at €85.7 million. Of these, 14.0 per cent were attributed to computer programming. This was followed by financial services activities, accounting for 9.8 per cent of the total expenditure.

With regard to innovation expenditure, the acquisition of machinery and equipment was predominant with a total of €37.6 million (43.8 per cent), followed by intramural R&D amounting to € 31.9 million (37.2 per cent).

The survey shows that 4.9 per cent of all technological innovative enterprises found it was highly important to have cooperation agreements with suppliers of equipment, materials, components or software. This was followed by other enterprises within the same enterprise group and, clients or customers from the private sector.

The survey revealed that 486 enterprises were engaged in organisational and/or marketing innovations, with organisational innovation predominant over marketing innovation. Non-technological innovation was predominant in wholesale and retail trade activities, manufacturing and professional, scientific and technical activities respectively.

Low demand for innovations in the market and little competition were the two main obstacles which hindered non-innovative enterprises from engaging in innovative activities (Table 6).

Only 4.9 per cent of enterprises applied for at least one type of intellectual property right or licence. Registering a trademark and applying for a patent were the two main types of intellectual property rights and licences applied for.

The number of innovative enterprises which had innovation with environmental benefits was 201. The main factors driving this type of innovation were the high cost of energy, water and materials and also the improvement of the enterprise's reputation.

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