#StartupIrelandPartnership

Providing Focus, Strategy and Vision to the Irish Startup Community for Jobs & Innovation

Presentation to the Oireachtas Committee on Jobs, Enterprise & Innovation8th July 2014

Fionnuala Healy

Sean Blanchfield

Karl Aherne

Gene Murphy

Eoin Costello - CEO

Our Presentation Today

• Dublin’s challenges• #StartupIreland to date• #Vision2020 for Dublin

To make Dublin a global tech startup

hub by 2020

Why?

• Create a minimum of 2,800 jobs• Contribute €200 million to the Dublin economy p.a.

• Be an international centre for innovation Source – Activating Dublin report

“Particular focus on entrepreneurship as two thirds of all new jobs are created by startup businesses.”

“These days big corporates from Siemens to Coca-Cola to Disney have a startup accelerator program.“

Our capital does not appear in Key Global Tech Startup Ecosystem Rankings

Dublin’s challenges as a tech startup hub•R&D/Corporate venturing activities of Corporates not here

•Insufficient engagement by Corporates with startups

•Lack of a cohesive ‘One Story’ for Dublin

•What is Dublin’s global niche?

•Lack of purpose built startup incubation space

•Insufficient tech talent

•Low female participation in entrepreneurship

•Hard to secure investment funding at the €2 - €5 million level

•Low international visibility

“More and more national & city level startup

campaigns are emerging around the world.”

“In Tel Aviv everyone has a startup idea and are working on

making it the next big thing.”

#StartupIreland interviewee in Tel Aviv

“Paris to be home to the world’s biggest startup incubator by 2016 at La Halle Freyssinet, providing 30,000 sq.m. for 1,000 startups”

Source: Rude Baguette – France’s Startup Blog

“Our first purpose built campus opens in July 2014 providing 35,000 sq.ft. for:

•Entrepreneurs•Startups•Service providers (accountants, legal, mentors, design etc.)•Seed capital funds•University initiatives•Corporate venturing activities”

Source: Startup Mexico

•Action at Policy Level•Action at Grassroots level•Action at Culture & Education level

“Creating an entrepreneurial community is a long term commitment, up to 10 years at a minimum”. Brad Feld

#StartupIreland - Making a real sustainable difference

“We need a vision for Dublin’s tech startup community on a scale of that conceived for the IFSC in the 80’s.”

John Moran

IFSC Dublin•Total employment 35,698•Payroll of €2.3bn•Corporate Tax in excess of €1bn Source: Financial Services Ind/IBEC 2014

IDA Data Centre Strategy in the 90s

•Make Dublin a leading global startup centre.•Attract significantly more overseas entrepreneurs to Dublin.

Startup Ireland’s #Vision2020 for Dublin

• Food• Medical Devices• ICT• Energy• BioPharma

Is it too late?.

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Killian Costello

“Dublin is a city of silos.” James McBennett participant

Join us for the #StartupIreland ‘Creating the Vision for Dublin’ Forum on 10th October at

Ireland Land of opportunity for

startups that want to take on the world

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