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Enterprise Ireland Accelerating the growth of Irish companies in world markets CleanTech Ireland Meeting – Sept 10 th 2009

Enterprise Ireland – CleanTech Focus

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Enterprise Ireland Accelerating the growth of Irish companies in world markets

CleanTech Ireland Meeting – Sept 10th 2009

Irish owned enterprise Policy analysisand advice

Inward Investment

Key strategic targets 2008-2010

High PotentialStart-Ups

Entrepreneursstarting companieswith the ability to

compete in world markets

Scaling

Ambitious companieswith the ability togrow to scale and

achieve significant global success

Manufacturing and international-traded services companies

employing ten or more

Established SMEs

Irish-basedfood and natural

resource companiesthat are overseas

owned orControlled

MNC’s

Working with our clients – Enterprise Ireland provides support at key stages of development

CleanTech – The Opportunity…..

New Regulation around Sustainability National & International Stimulus Packages Increased awareness around Climate change/Environmental issues

Some stats…. 2007 global market for CleanTech 1,100billion – 35% growth by 2012 – 60% in renewable

energy & 50% in energy efficiency( datamonitor 08) Market size €1,100bn in 07 - €1,500bn in 2012 Green Stimulus Packages of $184bn announced to date Energy Demand to jump by 50% by 2030 UN – potential to create 20m new jobs by 2030 Investment in CleanTech now 3rd largest sector in US – 4.1billion in 08 Irish sector value at €2.8billion directly employing 6,500 in 2008

Enterprise Ireland CleanTech Focus

Growing the Sector

“For Ireland to be considered a global centre and leader in

CleanTech in niche areas and for EI clients to be central to that

reputation

Improving Sustainable

Development across all key clients

Improving Companies Green Credentials and Competitiveness

Range of Financial and Soft Supports

Technology Stage of development

R&D Demonstration Deployment Commercial

Energy Efficiency

Vehicles

Buildings, including heating and cooling

Low Carbon Energy

Technology

Carbon Capture Storage (CCS)

Wind

Ocean Energy

Solar: Photovoltaic (PV)

Solar: Concentrated solar power

Integrated gasification combined cycle (IGCC) & other ‘advanced coal’

Transport Hydrogen fuel cells for transport

Second-generation biofuels

Waste Waste Recycling Equipment

Waste to Energy

Water Waste Water

Rain Water Harvesting

Desalination

Achieved Efforts underway but challenges remain

Not viable yet

Energy Efficiency

Water Treatment

Waste Management & Recycling

Renewable Energy

Services

Enterprise Ireland’s CleanTech Strategy 2009-2011Driving competitiveness and growth

Sectoral Focus

Focusing on areas of strong growth potential with existing capability…..

Challenges/ Opportunities

References sites in Ireland – improved credibility when exporting Speed to market critical or…. Be overcome by the yanks! Financing for growth – in Ireland & internationally Partnering & Consolidation – both in Ireland & overseas Building strong Management Teams – for scale…. Picking the winners – can’t be all things…..

Enterprise Ireland’s CleanTech Strategy 2009-2011Driving competitiveness and growth

Finance

Research Management Capability

Entrepreneurship / HPSU

Industry Collaborations / Networks

Internationalisation

Enterprise Ireland’s CleanTech Portfolio – The Sector

Key Large Players in Ireland – NTR, ESBI, Bord na Mona, Glen Dimplex Growth Companies – Kedco, Phive, OpenHydro, EpiSensor, Jennings

O’Donovan etc Strong Capability – Environment, Construction, Electronics, IT, Building

Management…. Strong Domestic Focus – weakness & opportunity EI portfolio of almost 200 companies

Employment 5,980 Sales €1.4bn Exports €286bn - growth in Exports of 17% in 08 yet most clients domestically

focused

Enterprise Ireland’s offer to clients is both financial and non-financial.

Enterprise Ireland works as a partner to support you to Plan your strategy and development Develop capabilities and skills Access overseas markets and new technologies Finance start-up, growth and innovation projects

Asia / Pacific

BeijingGuangzhouHong KongKuala LumpurNew DelhiSeoulShanghaiSingaporeSydneyTokyo

Germany, Central andEastern Europe, Russia and CIS

BudapestDusseldorfMoscowPragueWarsaw

Southern Europe, Middle East and Africa, Latin America

DubaiMadridMexicoMilan RiyadhSao Paulo

Northern Europe

AmsterdamBrusselsGlasgowLondonParisStockholm

North America

BostonNew YorkSilicon ValleyTorontoMexico CitySao Paulo

International Office Network

Industry lead Research and collaboration

Competence Centres(~€2 million+ per annum over 5 years)

Industry Lead Research projects(~€2-3 million over 2-3 years)

Innovation Partnerships(over 18 months)

Innovation Vouchers(Once off payment of €5K)

Size of budget

Number ofInd. Partners

CollaborationComplexity

What Industry wants

Enterprise Ireland Client Funding Supports (1)

Funding to explore new ideas / new markets Including Feasibility studies, Recruitment of a key manager, assistance towards

hiring a business mentor, trade fair attendance, market research and consultancy, Supply Chain Management initiative

Funding for Start-up companies The High Potential Start Up package matches the financial needs of the new

company, by providing finance as they get started and by sharing the risk dynamic.

Growth Funding The Growth Fund is designed to assist SME clients to achieve greater

competitiveness by improving their export potential, by increasing both their gross output and gross productivity, while also providing new employment or maintaining existing employment levels. 

Enterprise Ireland Client Funding Supports (2) R&D Offer

R&D Stimulation Grant - allow companies to explore how research & innovation can drive their future development.

R&D Fund - Companies that are ready to progress to larger projects or want to set their own research agenda can apply to this fund, which supports market-led innovation in manufacturing and services companies.

Stabilisation Fund An initiative aimed at viable but vulnerable internationally trading companies to help

them survive the current global downturn by supporting their drive to reduce costs and gain sales in overseas markets and to sustain employment. 

Research Companies can also get funding for collaborative research projects with other

companies and avail of the guidance and expertise of a team of professionals who are experts in building research projects, innovation management and creating value from intellectual property.

Enterprise Stabilisation Fund

Financial support will be provided based on the company’s business plan

Generally 3% preference shares for 5 years

Investment Committee approval required

Funding will generally be provided under De Minimis aid

Tripartite arrangement – EI / Company / Banks

Enterprise Ireland Sectoral Initiatives 09/10

Networking Embassy Dinner London, April Convergence in Energy Efficiency Seminar June 4th Renewable Energy Forum, France - July Northern European Energy Seminar Sept 3rd Silicon Valley Market Study visit Sept 28th – Oct 1st Investor Forum – November 12 Industry Led Research – water, waste, marine renewables, energy efficiency Italian Market Study Visit – Ecomondo October Polish Waste Show – Nov Indian/Middle East Market Study Visit 2010 Leadership4Growth – 2010

Thank-you

Marina Donohoe – 01 727 2860

Email [email protected]