Enterprise Ireland - Accelerating the growth of Irish companies in world markets
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1 Unlocking the Middle East Enterprise Ireland - Accelerating the growth of Irish companies in world markets Thursday 23 rd, April, 2009.
2 Enterprise Ireland is the Irish government s lead agency in the development of Irish companies trading internationally. Enterprise Ireland has a unique global network bringing relevant skills and expertise to Irish companies to accelerate their growth in world markets. Enterprise Ireland Mission To accelerate the development of world-class Irish companies to achieve strong positions in global markets, resulting in increased national and regional prosperity.
3 Irish owned enterprise Policy analysis and advice Inward Investment
4 We work in partnership with clients to help them : Develop and implement growth strategies Succeed in international markets Invest in research & innovation Compete through productivity Build strong management teams Finance growth
5 Assisting companies succeed in International Markets Marketing Assessment Marketplace Services Evaluate market opportunities Identify and target buyers, partners, distribution channels Arrange in-market visits with customised itineraries Trade Fair participation Advice and specialist sales support services Access to in-market expertise International Mentors and Sector Expert Panels Sales & Marketing Training Programmes
6 This Climate is an opportunity for Start Ups! Macro environment volatile. However Volatile periods have generated many of the most successful High Potential Start-up (HPSU) businesses.
7 Who We Work With? Typically Key functional managers within existing businesses with new business ideas. Experienced Managers looking at MBO s. Irish ex-pats, returning to Ireland with new business ideas. Individuals involved in 3 rd level research, with an interest in commercialisation. Serial or repeat entrepreneurs. - The majority of original promoters of start up companies we support have strong domain knowledge/ technical background / qualifications.
8 International Sales & Partnering Global Network The Americas Boston Los Angeles Mexico New York Sao Paulo Silicon Valley Toronto Northern Europe Amsterdam Brussels Glasgow London Paris Stockholm Southern Europe, Middle East and Africa Dubai Madrid Milan Riyadh Germany, Central and Eastern Europe, Russia and CIS Budapest Dusseldorf Moscow Prague Warsaw Asia Beijing Guangzhou Hong Kong Kuala Lumpur New Delhi Seoul Shanghai Singapore Sydney Tokyo
9 Support in the Middle East Market Offices in Dubai and Riyadh One-to-One Confidential support from EI Team Jim Mongey, Manager, Middle East-North Africa, Dubai Nasser Zahran, Dubai Anthony Cahill, Dubai David Hamill, Dubai Ikram Ur Rehman, Riyadh Daniel Cunningham, Riyadh Group actions Support from other Irish companies, allies Political support
10 EI Business Development work in Middle East North Africa is supported by Irish Embassies in: Riyadh Abu Dhabi (Summer 09) Cairo Teheran
11 Before you leave Ireland Consult Your EI Development Adviser Ross O Colmain (EI High Growth Markets Team in Dublin) Client Knowledge Services (Noelle Breen) See Prepare your Elevator Pitch (what is unique about your offering, your credentials??)
12 Trade Mission to KSA and Qatar - April (closed) Financial Services SME trade visit to Gulf States June EI Market Investigations Kuwait, Iran, Oman, Libya Trade Mission to UAE + Oct/Nov 2009 Incubator Facility being developed in EI Dubai
13 Tips Conversation like to get to know you first - then business. Fly in and out no longer works Track record is key Senior person will expect a discount build it in. Local sponsors if required need to be selected with great care. Everyone claims to have influence but rarely do. Western senior management experience & capabilities valued. In sales however Western expats often lack hunger and can take time to adjust to ways of doing business locally. s do not work at senior levels locally.
14 Support for Middle East Markets Joe Breslin Manager, Financial Services Enterprise Ireland
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