The government is planning to boost spending on scientific research and innovation by more than one-billion-dollars by 2030.
The decision comes as the Research, Science and Innovation Minister, Dr Ayesha Verrall, unveils a white paper on reform of the science system.
Current expenditure on scientific research is one-point-six-percent of GDP, and will increase to two-percent between 2023 and 2030.
The funding will go towards government research priorities, such as climate change.
Dr Verrall spoke to Corin Dann.