The Innovation Strategy Agency will focus its work by targeting key technology areas and sectors where innovation can be applied including but not limited to high value manufacturing, advanced materials, nanotechnology, bioscience, electronics, photonics and electrical systems and information and communication technology. The ISA will also focus on the  application of technological innovation in established sectors of  the economy like energy generation and supply, transport, creative industries, high-value services and architecture and construction   by identifying challenges, establishing priorities and developing strategies which specify the necessary actions to transition to a more innovative approach. The ISA will promote Ireland’s full engagement with the ‘Innovative Union’ proposals issued by the European Commission in October 2010 as one of the seven flagship initiatives under the EU2020  Strategy, with the specific aim of refocusing R&D and innovation policy on major challenges and at turning inventions into products.
favourable towards supply side economic policies supporting businesses, for example for incentives like subsidies or tax breaks