Download - Presentation to Armenian Delegation
Presentation to Armenian DelegationDublin October 2015
Startups are the new FDI companies
John Kennedy - Silicon Republic
#startupIRL
Acquired startups lead to growth in the original business
In 2001 Annrai O’Toole founded Cape Clear, a Dublin-based software start-up. It was acquired by Workday in 2008 – at that time it had 22 members of the team. Today Workday in Ireland has 400 team members and will hire 200 more.
#startupIRL
Startup Island – Ireland to be a global startup hub by 2020
#startupIRL
• Empower individuals and regions to take control of their economic destiny through entrepreneurship
• Engage the MNCs and Research Centres to provide startup interfaces to help increase the potential for the emergence of hubs
• Energise movement across the whole ecosystem to create density & velocity
New technology is the great equaliser
Fintrax founder sells up for €170m to private equity firm, 'biggest deal in Gaeltacht history‘.
Stockbyte, the Co Kerry-based stock photographs company, bought out by multinational Getty Images for $135m.
#startupIRL
The GlobalStartup EcosystemRanking 2015#startupIRL
#startupIRL
“Network Connectivity is the most important component driving
ecosystem growth.”– Research by US Chamber of Commerce and the 1775 International Startup Competition
Commercial Attaches at Embassies
Government
IncubatorsAccelerators
MNCInnovation Managers.
Accountants, Lawyers,
Patent Agents
Researchcentres
Investors
Universities
Professional Service
ProvidersMNCs
State
Agencies
NetworksGroups
Entrepreneurs& Startups
Diaspora
Mentors, Angel Investors
Tech Transfer Offices
“It’s my belief that vibrant startup ecosystems will create more successful startups, which lead to more startups. It has to be in this order.
Helping startups plug into their local communities is key, if they’re in a robust local network startups have a much greater chance of success.”Scott Case, CEO of Startup America Partnership
What are the strengths of Startup Ireland?
1. We help connect Ireland’s startup ecosystem nationally and internationally.
2. Grassroots up organisation with a focus on actions that will have real impact on the ground
3. Small team of professionals supporting volunteers nationally
4. Not-for-profit Partnership
5. Committed to the long term
#startupIRL
Goals of the Startup Gathering 20151.More people entering the entrepreneur pipeline
across the country and talent being spotted early
2.Grow regional hubs around existing industry
strengths
3.To project internationally Ireland's city region startup hubs in a differentiated and coordinated way.
Effective Engagement
Startups
Multinational CompaniesRe
sear
ch C
entr
es State Agencies
#startupIRL
October – 410+ Events in 22 CountiesService Providers - 25 events
Enterprise Support Agencies - 100 events
Research Centres & Universities - 25 events
Large Corporates - 10 events
Investors - 15 events
Bank of Ireland – 70+ Startup Community - 36 events
•“When localities focused on fostering and stimulating startups, they could change their
own economic futures in dramatic and fundamental ways.”
July 2014
Nov 2014
Jan 2015
Feb 2015
Mar 2015
May 2015
Sept 2015
#startupIRL
#startupIRL
“It takes a community to raise a child. Equally it takes a community to raise a successful startup and a country to raise a successful scaleup.”
•Gillian Barry • Limerick Startup
Gathering • City Region Coordinator