Mission Statement IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation, bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow.
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Mission Statement
IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation, bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow.
Mission Statement
“IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation, bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow”.
Current Impact of FDI
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KEY FDI IMPACTS ON THE IRISH ECONOMY
- €110 BN Exports- 240,000 Jobs in Total- 50% of Corporation Tax- €19 BN Expenditure- €7 BN Payroll- 73% of Business RD&I
WORLD LEADERS CHOOSE IRELAND
- 8 of the top 10 in ICT - 8 of the top 10 in Pharmaceuticals - 15 of the top 25 in Medical Devices - More than 50% of the world’s leading Financial Services firms
Current Focus Continuum of research from fundamental to productisation Green IT Convergence High-end Services ICT Equipment Software Products Carrier Services IT Services Activity Based Marketing
Evolution of ICT
2010-2014 Focus
ICT increasingly an enabling technology across all sectors, particularly for Life Sciences and Services Sensors, cloud, exascale, stream and unified computing Storage Data centres; Power and Cooling Technologies Software Wireless communication infrastructure Convergence with a focus on personalised medicine, combination
medical products, digital media, Green/ Clean, neutraceuticals and financial informatics Enterprise Information Management (EIM) Supporting technology for:
Media Broadcasting Photovoltaic solar energy
Mobile Device Technologies Bio-Informatics
Ongoing Evolution of ICT
Horizon 2020 Continuous evolution of ICT products as an enabling technology across
all sectors
Ubiquitous miniaturisation, nano/ portability
New industry players/constituents/models/landscape
Virtualization
Enterprise Information Management
Beyond silicon…new materials
Ongoing Evolution of ICT
High Level Goals 2010-2014
62,000 New Jobs
Regional Economic Development
Emerging Growth Markets
RD&I
Investments
105,000 Impact
50% of Investments outside of Dublin and Cork
20% of Greenfield investments from Emerging Markets
by 2014
Annual €1.7 BN Client Investment
by 2014
640
Horizon 2020 – 10 Steps to Transformation
• Transformation Agenda
• Employment intensive Services FDI
• New Forms of FDI
• Balanced Regional Development
• Emerging Growth Markets
• Emerging Companies
• Brand Ireland – New Approaches / Channels
• Open Innovation
• Strengthen Ireland’s value proposition
• Partner with Team Ireland
Horizon 2020 - Initiatives to Drive FDI
Strategic need to maintain and grow employment and drive Company Transformation ;
• Centres of ExcellenceDevelop, TestBed and Internationalise
- Domestic market focused MNCs e.g. Insurance, Distribution, Telcomms
- Major Irish Contracts e.g. eHealth Records, Traffic, Water, Energy, Telemedicine
Broader FDI;
• Research Institutes• Infrastructure – National Deficit• Competition• National Policy
• Growth in Mergers & Acquisitions
Horizon 2020 - Initiatives to Drive FDI
Supporting Regional Economic Development;
• Continue to align Property Development Programme to support sectors
• Leverage Property to secure high impact employment intensive investment
• Target investments from non traditional sources of FDI
• Maximise impact from Strategic Investment Projects e.g. high speed International Telecomms connectivity
• Strong push to maximise last year of 30% ceiling on State Aids in BMW
• Gateway Focus
• Sensitive to regional pressure points
Horizon 2020 - Initiatives to Drive FDI
• New High Growth Markets – 20% all greenfield investment by 2014
• Emerging Companies
• Brand Ireland – Communications
• Open Innovation;- MNCs / Universities / Institutes of Technology- Tax- Internal / External- Client Base- Diaspora
• Location Advisors• Country / Region / City Partnering Models• Arts and Culture as a business
Horizon 2020 - Initiatives to Drive FDI
Strengthen Ireland’s Value Proposition
• Talent, Technology, Track Record, Tax and the ease of doing Business are entry points
• Sector / Activity / Country Specific• Needs Constant Enhancement
Example – Biopharmaceuticals;
- FDA Track Record- National Institute for Bioprocessing and Research Training (NIBRT)- SFI Initiatives- FÁS Cork Training Centre- Strategic Sites- Cluster Impact- Financial Incentives
- be the most Competitive Client-Focused FDI Agency in the world
- have the most FDI appropriate Skills Mix
- be the innovative leader in new business areas and models
- shape the Ireland Inc. product through Team Ireland
Competitive Client Focused Culture – Delivering Employment, Value Add and Innovation
IDA Ireland – Winning for Ireland
Mission Statement
IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation, bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow.