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Start in Ireland and Succeed Globally
13

Start In Ireland

Nov 18, 2014

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David Scanlon

Presentation for Start Trek on Enterprise Ireland and the Irish Startup Ecosystem
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Page 1: Start In Ireland

Start in Ireland and Succeed Globally

Page 2: Start In Ireland

To support ambitious, innovative Irish companies to develop and grow in markets worldwide

Our Mission

@ei_dscanlon

Page 3: Start In Ireland

5 Reasons Why Starting In Ireland Delivers Results

Great place to work and live

Multiple sources of public and private funding

Home to global businesses

Enterprise Ireland’s specialist support for startups

Ireland: one of Europe’s top startup ecosystems

@ei_dscanlon

Page 4: Start In Ireland

1. One Of Europe’s Best Ecosystems For Startups

1st for ease of doing business

1st for ease of starting up

1st for availability of skilled workforce

1st for corporate taxes

A vibrant startup community

Sources: Forbes, IMD, and World Bank

@ei_dscanlon

Page 5: Start In Ireland

2. Enterprise Ireland Helps Turn Innovative Ideas Into Global Businesses

Accessing international buyers in world markets

Providing mentors, management and leadership training

Connecting startups to world-leading Irish research communities

Delivering multi-stage funding

@ei_dscanlon

Investing in 150+ startups each year

Page 6: Start In Ireland

3. Multiple Sources Of Public And Private Funding

Enterprise Ireland funding supports from €15k to €500k

€860 million private venture and seed funding

More venture capital funding per capita than any other European country

25% tax credit on all R&D spend

@ei_dscanlon

Page 7: Start In Ireland

4. Home To World Leading Businesses

8 of the top 10 global pharmaceutical companies

50% of world’s leading financial services firms

6 of the top 7 diagnostics companies

9 of the top 10 global ICT companies

8 of the top ten gaming companies

15 of the top 20 medical device companies

@ei_dscanlon

Page 8: Start In Ireland

Experience The Same Advantages Ireland Delivers To Multinationals

Join the experienced multinational managers choosing to start their own businesses in Ireland

Proven gateway to global markets

Startups and multinationals drive success by working side by side

Skilled labour force trained to meet global standards

50 years building a world-leading technology ecosystem

@ei_dscanlon

Page 9: Start In Ireland

5. Great Place To Live And Work

6th in Global Peace Index 2013

4th for a culture that is open to new ideas

Top 10 in the OECD Better Place to Live Index 2011

Voted friendliest country by Lonely Planet 2011

@ei_dscanlon

Page 10: Start In Ireland

Case Study: How We Helped FeedHenry Grow In Global Markets

Innovation• Control, deploy and mobilise critical business data • Connects apps to backend systems• Scalability with choice of cloud deployment• End-to-end security and authentication

Business Development• Customers in 30 countries• 70 employees• Year-on-year growth of 25%

@ei_dscanlon

Exit• $82m Acquisition by Red Hat

Sept ‘14

Innovation• Control, deploy and mobilise critical data • Connects apps to backend systems• Scalability with choice of deployment

Enterprise Ireland Supports• Funding• Training• Global Markets

Page 11: Start In Ireland

So, Who Do We Invest In?

ICT, mobile app, games, food, medical device, life sciences

Investor ready

Matching funding available

Controlled from Ireland

Create at least 10 jobs and generate €1m annual revenue in 3 years

@ei_dscanlon

Page 12: Start In Ireland

2013 Results

@ei_dscanlon

Since 2006 the trade sales and IPOs of our clients are valued over €5.3bn

5,400+ net new jobs

Exports exceeded €17bn

€65m equity and venture capital investment

189 startups supported

Page 13: Start In Ireland

Start in Ireland and Succeed Globally

@ei_dscanlonhttp://about.me/dscanlon