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Guests at a business lunch hosted by the American Chamber of Commerce on Thursday were told that investing in scientific research provides a golden opportunity to put in place a lasting foundation for future economic growth. Professor Frank Gannon, director general, Science Foundation Ireland, said that intense competition from emerging economies means that new areas of innovation need to be explored. Prof Gannon also said there was a need to focus on a supportive financial structure addressing the tax regime, R&D credits, state aids, R&D framework and procurement.
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