Startup Ireland presentation to the Irish Parliament (Dail) Committee on Jobs, Enterprise and Innovation 10 feb 2015 final

Presentation to the Oireachtas Committee on Jobs, Enterprise & Innovation10th February 2015

Ireland’s National Startup Expo

“Particular focus on entrepreneurship as two thirds of all new jobs are created by startup businesses.”

Note: Why the startup sector is so important to our economy

Our Mission

To make Ireland a global startup

hub by 2020

Research Centres

The Diaspora Investors

Accountants, Lawyers, Patent Agents

Commercial Attaches at Embassies

Country Network Associations/Chambers

State Enterprise Support Agencies

Incubation/Co-Working Space

Tech Transfer Offices

Innovation Managers at

large Corporates

Mentor/Angel Investors

Entrepreneurs & Startups

Note: What do Startup Ireland see the startup sector as? The startups and

their supporters.

Note: How Startup Ireland is helping create momentum towards a shared goal – October 2014 we organised Vision2020 Dublin to bring the key stakeholders together behind a unified vision

Our country does not appear in Key Global Startup Ecosystem Rankings

Note: Looking at countries with similar land mass, population and GDP is key to

understanding how Ireland might achieve the goal of becoming a global startup hub

Density +

Velocitybetween the pillars

Investors – Universities – State Agencies – MNCs – Professional Service Providers

Note: What are the common success factors in these startup ecosystems?

Note: Density is the physical proximity of the key pillars of a mature startup ecosystem and Velocity is how quickly startup can progress through the ecosystem

Note: When one looks at London one can see the benefits of Density and Velocity

Note: Positive momentum is building at all levels - Minister Bruton launched a wide ranging strategic plan for

entrepreneurship and Ireland's startup sector in October 2014

Note: At the heart of any startup ecosystem must be an economic engine - the real game changer is the

opportunity offered by the biggest structural reform of the fiscal framework in the history of our state

“..the aim of encouraging companies to locate high-value jobs associated with the development of intellectual property in Ireland.” Dept. of Finance

Note: If the Knowledge Development Box is appropriately structured this will be the engine of Ireland's global startup hub

Has the potential to: Help indigenous scale-ups strengthen in Ireland longer before tackling international markets.Help startups negotiate better funding deals with VCs.Help Ireland attract the next Google/ Amazon/Microsoft

If the Knowledge Development Box is the engine what are the

sparkplugs that fire the engine towards the goal of a startup hub?

Note: And this spark needs to capture the best of what it is to be Irish, attributes that lends our country to being an ideal global startup hub

.

Note: As a nation we Irish like to share and help

.

Note: And a startup is the classic underdog

.

Note: The startup guru Brad Feld states that a sense of commitment to the startup community, the giving of mentoring, resources and support without the expectation of immediate return is at the heart of successful startup ecosystems. This is very much an essential characteristic of what it is to be Irish

October 5th – 10th 2015

A national week of events promoting entrepreneurship and showcasing Ireland's

startup sector

Note: We believe that our national startup expo captures the essence of this in helping make our country a location where startups can scale up and take on the world from a country that supports their success

The week will comprise over 50 events and networking opportunities nationally

during the week for at least 15,000 members of the Irish

public and international visitors.

Note: Engaging the nation in entrepreneurship

Diaspora Startup

Fund

Note: Encouraging emigrants with good startup ideas to return to build their business from Ireland will be a key theme of the Startup Gathering. Startup Ireland will lead an international Kickstarter campaign to raise a ‘Diaspora Startup Fund’ to support the flights to Ireland of 50 Irish emigrants for the Startup Gathering to investigate pursuing their startup opportunity back in Ireland.

Phase 1 is about engaging the stakeholders through a national call to organize events around the theme: “Start, Scale, Succeed from Ireland. “

Phase 2 is about engaging the nation in the build up to the week with the message: “Now is the right time. “

Rollout strategy for the Startup Gathering

Key Objectives of the Startup Gathering

Highlight the resources available in Ireland to encourage higher participation in entrepreneurship.

Attract international high impact startups. Increase Ireland’s international visibility. Strengthen Ireland’s startup ecosystem in a

regionally balanced way. Strengthen Ireland’s talent base and

entrepreneurial networks.

Ireland Land of opportunity for

startups that want to take on the world

.

Note: Lets work together to make our country