ireland’s technology cluster - innovate...
TRANSCRIPT
Ireland’s Technology Cluster
L ClLeo Clancy1st October 2015
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https://www.youtube.com/watch?v=83M-zYzZWEU
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MissionIDA Ireland partners with multinational companies to win and develop foreign direct investment, providing jobs for the economic and social benefit of Ireland.
VisionIDA, for the benefit of the people of Ireland, will be ,the best and most successful Investment Promotion and Development Agency in p g ythe world.
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Fastest Growing Economy in Europeg y p
• Ireland will be the fastest growing economy in Europe for the 2nd year in 2015.
• Labour market has added almost 105,000 jobs since start 2012.
• Unemployment falling for years, down to 9.7% in June from peak of 15.1% in 2012.
• Public finances improving rapidly Gov’t debt fell 13 points to 110% of GDP in 2014.
• While the employment situation is improving wage inflation remains subdued. The IMF is forecasting wage inflation of c 2% p a toforecasting wage inflation of c.2% p.a. to 2018.
Sources: European Commission Winter Forecast CSO QNHS NTMA Sources: European Commission Winter Forecast CSO QNHS, NTMA, Dept. of Finance
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Record Year for FDI
– 2014 was a record year for FDI, number of investments up 20% to 197investments up 20% to 197.
– 13% increase in new name investors to 88
– Employment rose to record high 174,448
– Investments from leading global companies: Amazon, Bristol Myers Squibb, Fid li Li k dI S M k Ai B bFidelity, LinkedIn, Survey Monkey, Air Bnb, PayPal, Ericsson, SAP, Johnson & Johnson, West Pharmaceuticals, Zendesk, Adroll and , ,New Relic.
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Ireland’s FDI Landscape
KEY FDI IMPACTS ON THE IRISH ECONOMY
€124.5bn of exports €2.8bn of corporation tax p €1.4bn expenditure on R&D 175,000 directly employed €22.4bn spend in the Irish economy comprising:
€8.5bn payroll,
WORLD LEADERS CHOOSE IRELAND
p y , €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 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
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Talent ‐Multilingualg
Foreign languages spoken at home (no. persons) • Multicultural and multilingual ( p )
Polish 119,526
French 56,430
h 3 63
Multicultural and multilingual society: • 17% of the population is i t ti l Lithuanian 31,635
German 27,342
Spanish 22,446
international• Over half a million Irish residents speak a foreign language fluently.
Russian 21,640
Romanian 20,625
Italian 10,344• Only English speaking country in the E
Chinese 15,166
Arabic 11,834
Other 177 080
Eurozone.
• Ideal base from which to service Other 177,080
Total 514,068global markets.
Source: CSO Census 2011
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Source: CSO Census 2011
Top International Ratings for Ireland
• 1st in the World for efficiency of large corporations1
• 1st in the World for flexibility & adaptability of workforce1
• 1st in the World for investment incentives1• 1 in the World for investment incentives
• 1st in the World for availability of competent senior managers1
• 1st in the World for fostering a national culture that is open to foreign ideas1foreign ideas
• 1st in the World for inward investment by quality and value³
• 1st in Western Europe for ‘Best to Invest’3
1.IMD Competitiveness Yearbook 20152.IBM Global Location Trends Report 20143.Global Best to Invest Report, Site Selection, May 2015 18
Technology & Innovation
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Multinational Technology Landscape
Not just Dublin – Cork’s ICT Cluster (53 overseas companies & 11,341 jobs )
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 2014Ireland in 2014
Quark, the first Intel product fully designed and developed in Ireland was launched in 2013
Advanced Predictive Analytics Centre in Dublin with 140 data scientists, developers and UX
i li 2013
MasterCard opened a global innovation lab in Ireland in 2010, focused on NFC and biometrics
specialists
Lead centre and product HQ in the camera and vision systems group, employing 700+
Fujitsu is engaged in a series of collaborative research projects in healthcare and big data
Global R&D Centre of Excellence designing software solutions for enterprise customers
Dublin
Galway
Th ff d b fl ibl kill d ki l l i h h i l b l
Designed and developed world’s largest proprietary platform of insurance placement data
EMC Research Europe in Cork focuses on cloud computing, big data and data centre research
Cork
These centres are staffed by flexible, skilled teams working closely with their global business to deliver value
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Recent InvestmentsRecent InvestmentsAnnounced additional
200 jobs over next three years in product
Establishing 700 people technology and banking
centre of excellencedevelopment & support
Announced investment of over $5 billion at
Leixlip site
centre of excellence
Announced Digital Innovation R&D hub in
Limerick
Establishing Global Business Services hub in Cork creating up to 500
jobs
Investing €850M in data centre, adding to the
4,000+ people in EMEA HQ in Cork
Creating a Technology Development Centre in
Limerick
Establishing first
Expanding its Centre of Innovation and Analytics
to over 130 people
Announced additional Establishing first
software engineering hub outside US
Expanding by 200 people at European HQ
100 jobs at EMEA Headquarters in Dublin
Establishing Fashion Insights technology &
analytics hub in Dublin people at European HQ in Dublin
analytics hub in Dublin with plans to hire 200
people
Multinational Innovation & IoT Testbeds
Company Labs
I t l I iti I T L b
Test Beds – Internet of Things (example)
INFINITE (EMC & V d f )‐ Intel Ignition IoT Lab‐ Intel Research‐ Accenture Analytics Innovation
– INFINITE (EMC & Vodafone)– Dublin City Council IoT Projects (IBM & Intel)– Croke Park Smart Stadium (Intel, GAA & DCU)
‐ Aon Innovation & Analytics‐ Mastercard Labs‐ Citi R&D and Innovation Lab
– Health Monitoring & Smart Assisted Living (Fujitsu)
– CitySense Smart Bike Project (Vodafone)Citi R&D and Innovation Lab‐ IBM Research – Ireland Labs‐ Bell Labs Ireland
y j ( )– Nimbus Mallow Town Test Bed– Precision Dairy (Teagasc)S t B (IBM &M i I t )‐ Medtronic Innovation Centre
‐ Stryker Innovation Lab‐ Dell Cloud Solutions
– Smart Bay (IBM & Marine Inst.)
‐ Dell Europe IoT Lab‐ Etc.
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Wider Irish Innovation LandscapeAccelerators(Dublin based)
World Class Irish Tech Companies (examples)
Academic Research(centres)
– Health XL– Scalefront
– Movidius ‐ computer vision ($100M+ valuation on recent round)
– 14 Technology Centres including:
– Launchbox– DCU Ryan Academy Propelller
round)– FeedHenry – mobile applications (acquired by Red Hat) (€65M)
Analytics Cloud E‐learning
– NDRC LaunchPad– Wayra– & others
– Now Factory – analytics (acquired by IBM)
– Opennet Telecom ‐ €95M
– 12 Large Scale Science Centres including: Analytics
f hrevenue, >700 people Internet of Things Intelligent Content
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