I lab ida value proposition - md - state street - 10 jan 2014
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Transcript of I lab ida value proposition - md - state street - 10 jan 2014
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Presentation by: Mark Durkin
DRAFT
Ireland.Innovation delivered.
Ireland.Innovation delivered.
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Contents
• New service proposition - IDA collective
• Competitive landscape – IDA, our clients
• Anticipate & innovate
• The investors perspective
• Client conversion – solution, approach, examples
• Delivering against Horizon 2020
• London
• Q&A
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Collective Opportunity
Opportunity for IDA collectively
Cross divisional
value proposition
Maximise existing and target client conversion
Abstracts the
complexity of investing in Ireland
Simplifies the decision
making
Optimised for client on
boarding
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Global Competitive Landscape
Increased competition Increased regulation
Competitive advantage erosion Agile new entrants
Access global markets Mobile Apps / Web tech
Paradigm shift
Traditional companies – innovate Speed to market is key
Gain CA – Innovation
iPhone – early adapters Mainstream
Lead by example
Traditional business models reengineered
New delivery channels identified – global reach
Lean & Mean
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- Post Financial State Aid - Future proof our offering - Today, tomorrow, beyond
- Anticipate, influence
IDA – T+1825 - Anticipate
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is not about doing things right…
its about doing the right things…
Innovation
Innovation
is not about doing things right
its about doing the right things
To remain relevant
To survive
To reinvent
To develop a CA
Why?
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The Irish “Crowd”… where the world works
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We live in an Era of Change...
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The contribution of intangible assets (eg patents, brands, software, etc) to Company Value
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Perhaps the most significant change.......get ready....
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Financial Services Technology “IFSC&ICT”Innovation Incubator platform is great,but it is a “one shot” event.
Need to create a Global platform which can constantly bring Irish innovators, freelancers, solvers together
to address complex industry needs
How to ensure a constant stream of Irish innovation for Global companies ?
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Innovation happens Beyond the Four Walls
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The Investors Perspective
Risk Unknowns
Challenges Competition
Internal Competition
Resources (HR)
Concerns
Success / career development
Positives Talent
Track record
Tax rate
Education
skills
For good projects / funding
Property
Invest Champion
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Help to Convert Targets
Start small – grow
Ireland Inc. proof the concept
Beach-Head strategy
Cros
sing
the
Chas
m Support infrastructure –
Packaged solutions
Need to help our clients convert
Differentiator
Sweet spot
Google at the start – Google today
PayPal at the start – PayPal today
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The value proposition is Ireland Lab (iLab)
Crossing the Chasm – The Solution
- iLab makes easy the complexity of investment - By simplifying the decision making process- Transforming established barriers to investment
Landing platform, launch pad / external RDI expansion option fostering open innovation / collaborative
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Crossing the Chasm – The Solution
iLab methodology
Competition
Risk
Resources
Configurable solution for emerging
Configurable solution for established
iLab is a configurable solution that mitigates investor risk
The Chasm
Invest Champion
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The New Approach – Agile
Ireland Lab
Programme Initiatives
Mobilise & Accelerate
IDA Ireland conduit –
ecosystem of support
Rapid on-boarding
Make the invest decision easier
Cross the Chasm
Remove / mitigate the risk
Configurable solutions for
emerging
Configurable solutions for established
Implementation
Rapid mobilisation & accelerate to
market
iLab
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iLab – Support Programmes
Accelerator Programme
- Rapid client on boarding &
Mobilisation
IDA SSC
- Tax Credits- Work Permits - CBI Applications- Grant Support
Incubator Environment
- Open Innovation- Collaboration- Agile Teams
Sector Support
- Ideation- Collaboration- Platform Tools:
Crowdsourcing
iLab – A Complete Solution
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iLAB Conferences Showcasing “Why Ireland” for Financial & Banking Technology
iLab – Sector Support Examples
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Why Ireland for Investment
• We take the uncertainty out of the investment decision and allow Ireland Inc. the opportunity to answer the questions “Why Ireland”
• iLab allows us to better connect with our clients
• Make the decision to invest – easy and seamless
• Support the “Invest Champion” to realisation
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Why Ireland for Investment
• Expert team • Mobilised • Delivering - project plans• Producing tangible results• Proving the concept
“Why Ireland”
Sustainable
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iLab – Helping Deliver – Horizon 2020
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Joanna Shields, CEO to Tech City UK, the British government organisation charged with trumpeting startups in London: “Fin-tech is a lucrative and exciting growth market
Now in its second year, the London Lab is run by Accenture in collaboration with a group of the UK’s leading financial service institutions, angel investors and venture capital firms.
It’s also supported by the Mayor of London, the City of London Corporation and the Technology Strategy Board.
“The FinTech Innovation Lab London is a great step forward that will enable entrepreneurs to develop new ideas and cement London’s position as a global leader in financial services and technology innovation.” Antony Jenkins, Group CEO, Barclays.
London – The Competition
Level 39 – Early Level 39 - Later
We are already playing catch up, lagging behind London
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Existing activity – Crowdsourcing