Ireland s Technology Cluster. Leo Clancy 1 st October 2015
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1 Ireland s Technology Cluster Leo Clancy 1 st October
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3 Mission IDA Ireland partners with multinational companies to win and develop foreign direct investment, providing jobs for the economic and social benefit of Ireland. Vision IDA, for the benefit of the people of Ireland, will be the best and most successful Investment Promotion and Development Agency in the world. 3
4 Fastest Growing Economy in Europe Ireland will be the fastest growing economy in Europe for the 2 nd year in Labour market has added almost 105,000 jobs since start Unemployment falling for years, down to 9.7% in June from peak of 15.1% in Public finances improving rapidly Gov t debt fell 13 points to 110% of GDP in While the employment situation is improving wage inflation remains subdued. The IMF is forecasting wage inflation of c.2% p.a. to Sources: European Commission Winter Forecast CSO QNHS, NTMA, Dept. of Finance 4
5 Record Year for FDI 2014 was a record year for FDI, number of investments up 20% to % increase in new name investors to 88 Employment rose to record high 174,448 Investments from leading global companies: Amazon, Bristol Myers Squibb, Fidelity, LinkedIn, Survey Monkey, Air Bnb, PayPal, Ericsson, SAP, Johnson & Johnson, West Pharmaceuticals, Zendesk, Adroll and New Relic. 5
6 Ireland s FDI Landscape KEY FDI IMPACTS ON THE IRISH ECONOMY 124.5bn of exports 2.8bn of corporation tax 1.4bn expenditure on R&D 175,000 directly employed 22.4bn spend in the Irish economy comprising: 8.5bn payroll, 2.5bn Irish materials, and 11.4bn Irish services. WORLD LEADERS CHOOSE IRELAND 9 of the top 10 US companies in ICT 9 of the top 10 global Software companies 9 of the top 10 companies in Pharmaceuticals 9 of the Top 15 Internet Estates 17 of the top 25 Medical Device companies 3 of the top 5 Games companies More than 50% of the world s leading Financial Services firms 6
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16 Talent - Multilingual Multicultural and multilingual society: 17% of the population is international Over half a million Irish residents speak a foreign language fluently. Only English speaking country in the Eurozone. Ideal base from which to service global markets. Foreign languages spoken at home (no. persons) Polish 119,526 French 56,430 Lithuanian 31,635 German 27,342 Spanish 22,446 Russian 21,640 Romanian 20,625 Italian 10,344 Chinese 15,166 Arabic 11,834 Other 177,080 Total 514,068 Source: CSO Census
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18 Top International Ratings for Ireland 1 st in the World for efficiency of large corporations 1 1 st in the World for flexibility & adaptability of workforce 1 1 st in the World for investment incentives 1 1 st in the World for availability of competent senior managers 1 1 st in the World for fostering a national culture that is open to foreign ideas 1 1 st in the World for inward investment by quality and value³ 1 st in Western Europe for Best to Invest 3 1.IMD Competitiveness Yearbook IBM Global Location Trends Report Global Best to Invest Report, Site Selection, May
19 Technology & Innovation 19
20 Multinational Technology Landscape
21 Not just Dublin Cork s ICT Cluster (53 overseas companies & 11,341 jobs )
22 R&D Case Studies Ireland has an excellent track record as a location for Research, Development & Innovation and over 1.4 billion was spent by multinational companies on R&D in Ireland in 2014 Advanced Predictive Analytics Centre in Dublin with 140 data scientists, developers and UX specialists Quark, the first Intel product fully designed and developed in Ireland was launched in 2013 Lead centre and product HQ in the camera and vision systems group, employing 700+ Global R&D Centre of Excellence designing software solutions for enterprise customers Galway Dublin MasterCard opened a global innovation lab in Ireland in 2010, focused on NFC and biometrics Fujitsu is engaged in a series of collaborative research projects in healthcare and big data EMC Research Europe in Cork focuses on cloud computing, big data and data centre research Cork Designed and developed world s largest proprietary platform of insurance placement data These centres are staffed by flexible, skilled teams working closely with their global business to deliver value 22
23 Recent Investments Announced additional 200 jobs over next three years in product development & support Announced investment of over $5 billion at Leixlip site Establishing Global Business Services hub in Cork creating up to 500 jobs Creating a Technology Development Centre in Limerick Establishing first software engineering hub outside US Expanding by 200 people at European HQ in Dublin Establishing 700 people technology and banking centre of excellence Announced Digital Innovation R&D hub in Limerick Investing 850M in data centre, adding to the 4,000+ people in EMEA HQ in Cork Expanding its Centre of Innovation and Analytics to over 130 people Announced additional 100 jobs at EMEA Headquarters in Dublin Establishing Fashion Insights technology & analytics hub in Dublin with plans to hire 200 people
24 Multinational Innovation & IoT Testbeds Company Labs Test Beds Internet of Things (example) - Intel Ignition IoT Lab - Intel Research - Accenture Analytics Innovation - Aon Innovation & Analytics - Mastercard Labs - Citi R&D and Innovation Lab - IBM Research Ireland Labs - Bell Labs Ireland - Medtronic Innovation Centre - Stryker Innovation Lab - Dell Cloud Solutions - Dell Europe IoT Lab - Etc. INFINITE (EMC & Vodafone) Dublin City Council IoT Projects (IBM & Intel) Croke Park Smart Stadium (Intel, GAA & DCU) Health Monitoring & Smart Assisted Living (Fujitsu) CitySense Smart Bike Project (Vodafone) Nimbus Mallow Town Test Bed Precision Dairy (Teagasc) Smart Bay (IBM & Marine Inst.) 24
25 Wider Irish Innovation Landscape World Class Irish Tech Companies (examples) Accelerators (Dublin based) Academic Research (centres) Movidius - computer vision ($100M+ valuation on recent round) FeedHenry mobile applications (acquired by Red Hat) ( 65M) Now Factory analytics (acquired by IBM) Opennet Telecom - 95M revenue, >700 people Health XL Scalefront Launchbox DCU Ryan Academy Propelller NDRC LaunchPad Wayra & others 14 Technology Centres including: Analytics Cloud E- learning 12 Large Scale Science Centres including: Analytics Internet of Things Intelligent Content 25
26 To learn more log on to idaireland.com
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