Call for food and drink firms to focus on innovation

"We should be aiming to double that spend as a sector," said Enterprise Ireland chairman Michael Carey."We should be focusing on opportunities to invest in new innovation, in entrepreneurial businesses, in ambitious companies that can really scale and become meaningful in the food sector across the world."

He said that, while companies may see R&D as a non-essential cost - especially at a time when they are focused on building sales - those two things actually go hand in hand. Today it has a wide range of products on supermarket shelves in Britain, the US, Australia and France - while earlier this year it was acquired by frozen food giant McCain.

"To take an Irish company and put it on a global stage, because of that innovation and the differenciation in our portfolio and our way of doing things - than other, bigger global companies," he added.

Source: News Formal (newsformal.com)

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