Ireland Startup Ecosystems

Irelands Startup EcoSystems

�  To make Ireland the No.1 destination for high impact startups.

�  Creating a fertile ecosystem that will attract startups who want rapid growth in their sector.

�  Improving alignment amongst these key stakeholders:

•  Research Centres •  Tech Transfer Offices •  Incubation/Co Working Space •  Commercial Attaches at

Embassies •  Professional Service Providers •  Innovation Managers

•  Investors •  State Enterprise Boards •  Country Networks/

Chambers •  Mentors/Angel Investors •  The Diaspora

�  During 2014, Enterprise Ireland (EI) worked with 102 new high potential start up (HPSU) companies and 81 early stage businesses through the Competitive Start Funds to help them to achieve international potential.

�  Also in 2014, EI funded 12 New Frontiers programmes, Ireland’s national entrepreneur development programme.

�  16 spin-out companies from Higher Education Institutes in 2014 to become HPSUs – 11 HPSU investments and 5 CSF investments.

The DATA

�  Per capita Ireland has more venture funding than in any other country in Europe.

�  Over €800M is available through seed, venture and angel capital firms.

�  According to World Bank figures, Ireland is ranked fourth in the world for the availability of skilled labour and openness to new ideas; sixth for labour productivity; seventh for the availability of financial skills; and seventh for the flexibility and adaptability of people

The DATA

�  The majority of the world’s largest technology companies have significant HQ operations in Ireland:

�  Google, Facebook, LinkedIn, Twitter, Microsoft and Zynga

�  Citibank, Bank of America and BNP Paribas

�  Havok, BigFish Games and Activision Blizzard

�  Merck, Boston Scientific, GlaxoSmithKline and Pfizer

�  This concentration of world-leading organisations has positioned Ireland as a majorEuropean business centre in turn attracting some of the world’s most talented people.

The DATA

�  Forbes rated Ireland Best in Europe for doing business

�  The World Bank’s ranks �  Ireland 8th among OECD countries for ‘Ease of doing

business’; �  Ireland 4th in World for ‘Starting a Business’ - the highest

of any European country

The DATA