The IBEC body representing the high tech sector has reacted with alarm to reports that science research funding to Irish Universities under the National Development Plan may be under threat.
ICT Ireland director Mr Brendan Butler said the State's investment in research at third-level universities "should be increasing rather than being cut back.
"This sends the wrong message to overseas companies who may be looking at Ireland as a location of choice for increased or new investment," he said.
It was revealed in The Irish Timesthis morning that the Government is to proceed with severe cutbacks in research funding to the universities. Up to €150 million required for laboratory space and equipment will not be paid this year.
The move comes despite the Government's repeated assertion that investment in research is crucial for the Republic's economic progress.
The cutbacks mean five universities as well as the Royal College of Surgeons will have money for staff but no extra laboratories and no new money for specialist equipment.
The move will also affect a range of teaching facilities unrelated to the science budget. This includes training for nurses and therapists.
ICT Ireland has called on the Government to meet its commitments as set out under the National Development Plan.
"If we wish to retain our reputation as a location of choice for foreign direct investment, we need to be encouraging additional research in this country rather that cutting off the supply line", Mr Butler said.
