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Innovation is key to vibrant Northern Ireland economy, says Foster

By Clare Weir

Published 13/10/2010

Enterprise minister Arlene Foster
Enterprise minister Arlene Foster

Businesses in Northern Ireland are being urged to adopt a firm commitment to innovation.

Francis Martin, managing partner of advisory firm BDO, launched a comprehensive profile of innovation in the public and private sector at Stormont.

Mr Martin said a firm commitment to innovation by organisations in the public and private sector would ensure they become competitive nationally and internationally. "Many of the organisations included in today's publication have pioneered new ideas on product development, market development and service provision," he said.

Enterprise Minister Arlene Foster, who attended the launch, said innovation could provide the pathway to deliver a vibrant, innovative world class economy in Northern Ireland.

"Within the context of the economic downturn and imminent budget cuts, it is clear we must put in place measures within Northern Ireland to grow our private sector and build an economy of high value added, globally ambitious companies.

"To achieve this, the Government has a key role to play in helping to create the conditions in which innovation can flourish."

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