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Presentation to the Enterprise Ireland Mentor Networking event – 21st April 2016
Making Ireland a Global Startup Hub
by 2020
My Journey
My Work as an Enterprise Ireland Mentor
EI Mentor Network De-Brief Analysis
90% OF COMPANIES SAY THE MENTOR SERVICEWAS VERY GOOD TO
EXCELLENT
• “Network Connectivity is the most important component driving ecosystem growth.”
• Research by US Chamber of Commerce and the 1775 International Startup Competition
Startups are the new FDI companies
John Kennedy Silicon Republic
#startupIRL
A comparison with Tel Aviv’s startup ecosystem
Population 7.8 million 4.6 million
National economy type Small, open, export orientated Small, open, export orientated
Real GDP (2012) $179bn $212bn
Startup Genome Ranking Tel Aviv #2 Dublin #No rank
Tech startups per million inhabitantsBowei Gai, World Startup Report
#1 in the world at 375 per million inhabitants
No rank, researcher did not include Dublin
Startup Accelerators 36 (http://mappedinisrael.com/) 6 (Activating Dublin report)
VC funds raised in 2013 $2.3bn (Israel VC Research Centre) $395m (Irish VC Association)
Other Facts about Israel ● 39% of Israeli high tech employees work in the R&D Depts of tech multinationals
located in Israel, in Ireland these same multinationals locate their customer service and sales operations here.
● 63 Israeli high-tech companies listed on the tech oriented NASDAQ● Israeli tech exits worth $7.6b in 2013 (PwC) with significant capital gains tax to the
Exchequer.
The GlobalStartup EcosystemRanking 2015#startupIRL
AmsterdamPopulation 820,000 – straight in at 19
Austin TexasPopulation 840,000- Straight in at 14
#startupIRL
#startupIRL
Europe’s West Coastfor Awesome Startups
#startupIRL
#startupIRL
25th -26th September
#startupIRL
#startupIRL
#startupIRL
#startupIRL
October 5th - 9th
#startupIRL
#startupIRL
#startupIRL
Startup Ireland SurveyAn Amárach Research Briefing
November 2015
Foreign R&D Centers in Israel division by sectors
Over 250 MNCs, 66% from US
43
Time of Take-Off
VC/PE raised inMln dollars
average per year
New High-TechCompanies
average per year
7
7 From 1969-1992
1,214 307 From 1993-2005
44
Israeli High-Tech Ecosystem
GlobalHigh-Tech Companies
Management
&Professional
Expertise
Technological Infrastructure
Experienced 2nd time
Entrepreneurs
University Graduates
Technology Developers
LeadingAcademic
Institutions & Research
CorporateSpin-Offs
Incubators
Defense
CorporateR&D
Seasoned VC Community
Government Support
45
• “When localities focused on fostering and stimulating startups, they could change their own economic futures in dramatic and fundamental ways.”
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
Vision2020Startup Island
Vision 2020 Dublin Dublin to be a global tech
startup hub by 2020
Startup Ireland bring you this forum in partnership with
July 2014
Nov 2014
Jan 2015
Feb 2015
Mar 2015
May 2015
Sept 2015
#startupIRL
• “No longer can entrepreneurship be limited to a small set of risk takers located in a few specific cities.”
• Brad Feld
• Startup Communities
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.
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