Occasion was centered on the function of innovation in driving progress within the meals and drinks sector
In reality, merchandise from Irish meals and drinks corporations which Enterprise Eire assist are in such demand that they exported virtually €16bn price in 2022.
R&D funding by EI-supported food and drinks corporations hit €165m in 2023
These corporations, ranging in dimension from formidable start-ups to established SMEs and enormous meals multinationals, are financial cornerstones in communities across the nation and make use of near 60,000 individuals.
Enterprise Eire final week hosted the second annual Meals Innovation Summit, which centered on the function of innovation in driving progress and prosperity within the meals and drinks sector.
Greater than 400 senior leaders of meals and drinks corporations, innovation consultants, policymakers and key stakeholders from the analysis ecosystem got here collectively in Croke Park to attach, be taught and perceive the significance of food and drinks innovation in an more and more aggressive international market.
Via keynote audio system and panel discussions with leaders from established and profitable corporations, attendees realized in regards to the significance of everlasting reinvention, how know-how is remodeling meals, and about scaling a enterprise via market pushed innovation.
As innovation is crucial to staying aggressive, there was a powerful deal with how R&D funding can gas an organization’s progress.
New information exhibits that R&D funding by Enterprise Eire-supported corporations within the food and drinks sector hit €165m in 2023. This exhibits that the sector is shifting in the appropriate route and gives a powerful basis to construct on.
This 12 months’s occasion was additionally a launchpad for 4 thrilling new food and drinks start-ups
Nevertheless, as elevated funding in analysis and innovation is significant to strengthening productiveness, enhancing gross sales and margins, and accelerating the scaling journey, corporations ought to take into account how they will improve this inside their organisation.
The vital function of Authorities and different important stakeholders – together with the Division of Enterprise, Commerce and Employment, the Division of Agriculture, Meals and the Marine, Teagasc, Bord Bia and others – was additionally recognised on the occasion.
This 12 months’s occasion was additionally a launchpad for 4 thrilling new Irish food and drinks start-ups, and these innovators shared their journeys of bringing disruptive concepts to market, specializing in personalised diet, the round financial system, sports activities diet, and useful drinks.
Enterprise Eire is dedicated to supporting corporations at each stage of their journey, to extend their degree of innovation, enhance their competitiveness and increase their international footprint, with the last word aim of delivering export progress for Eire.
Deirdre Glenn is head of meals FDI, meals start-ups, and meals tech and innovation at Enterprise Eire