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The Sea Refinery Project June 2017
Marine Ireland needs to be ambitious – Unambiguously! Ireland at the centre of Ocean Business Innovation and THE ACCESS POINT to Europe
Marine in the Broadest sense….
Unprecedented Opportunities in Irish Marine Industry
Only 0.8% of Ireland’s GDP comes from marine activities compared to 2.4% internationally and up to 9% in high-performing maritime economies
Underperformance
Recognised in the Government’s Harnessing Our Ocean Wealth Strategy
Marine Policy for Ireland Joined-up Thinking – Cross Departmental Co-operation
Action => Marine Development Team
Dept Taoiseach Led Cross- Govt Support Action Oriented
Political Support
Economic Analysis
Policy Framework
Competitive Advantages
Tax Treatment
Research and Education
Collaboration
Opportunity
Joined-up thinking Building blocks of success
Industry Engagement
Demonstrating Intent and Capability: Ireland is Open for Marine Business
Development Task Force
Underway: Branding, Portal, Communications
Innovation Prize(s), National Incubation Hub, Move R&D
from HEI to companies, Smart Bay, MAREI etc
Marinising Education, Incubation Hub Etc
Business Mentoring & Coaching (Scale,
internationalise etc.) Significant Issue – a topic for
the relevant Departments and MCG
Examine R&D tax Advantages and niche
opportunities in Marine
Marketing and Engagement
Establishing and Maintaining Communities of Interest
Project Identification and Preparation
Promoting and Brokering Investment
MDT Mandate:
Agencies….
• Met with all the agencies
• Excellent engagement
• Very Positive support across the Board
• Clear understanding of the links to marine and HOOW
• Focus on gaps and in supporting cross sectoral activities
Companies • Tech companies living on proto-typing – taking “opportunist” opportunities rather than
productising, scaling and growing. Reflects lack of knowledge/experience and business skill.
• Many marine companies are nervous/hesitant of internationalisation because of the
understandable risks, and financial constraints, and as result often lack:
• Focus
• Productisation
• Scale
• Structure to Internationalise
• Weak flow of new projects – need to improve the flow of innovation from HEI research
• Poorly networked – limited sharing of ideas / searching for mutual opportunities – hence
importance of IMIN
• Clear and real need for National Marine Incubation Hub focus
HEI’s, etc. • Structural challenge in getting 3rd Level researchers to really
engage with the private sector • SFI centres are driving change with funding arrangements • IT’s in general more focused on applied research => more private
sector focused • Private sector increasing engagement with 3rd level as focus on
delivery improves • There are more opportunities to improve academic KPI’s around
knowledge transfer from HEI’s to private sector, especially in marine • EI Tech Gateways are very encouraging and more engagement with
Marine companies will be encouraged
SWOT analysis Strengths Talent – well educated OUR Resource –Physical and Biological HOOW – Government Support Policy to implement joined-up thinking Some great exemplars to hold up: CathX, Lifes2Good, Errigal Bay, 8 West, Nowcasting/MeteoGroup Infrastructure: MI, Vessels, Navy, MAREI/Lir, Smart Bay etc Resource based development = Rural Development
Weaknesses Poor awareness of “Marine” in Ireland More work required on “joined-up thinking” Poor volume / flow of entrepreneurial marine projects Companies nervous of commitment /focus Poor productization and scalability Poor flow of innovative ideas from research Progressive and responsive regulatory regime
Opportunities Open market in EU and globally Resource based opportunities (Biological and Energy) across the board – from sea-weed to shipping MDT can assist SME’s to achieve EI scaling requirements Brexit uncertainty is an opportunity for marine FDI ISSC
Threats Regulation / permitting preventing access to resource Tiny domestic market – hard to get market references Brexit – creating business uncertainty Low awareness of the Marine and the marine business opportunity
Subjective Sector Evaluation
Bio Tec Bio Prods
Maritime Commerce
Aquaculture
Tourism
Oil & Gas
Hi -tec Marine Prods
Manufact. construct
Shipping and Transport
Marine Fisheries
Cruise Tourism
Marine Retail
Renewable Energy
Growth Potential
External Obstacles to Growth
Seafood Processing
Bubble Sizes Relative to SEMRU Turnover numbers
Low
High
Low High
Projects 1. Recruit Team
o Appoint Industry Advisory Group
2. Marketing – Branding + Portal / Web + Communications programme
NorShipping
3. Marine Directory
4. National Incubation Hub
5. Low Hanging Fruit from Bio-Diversity Research
+ Resource assessments
6. Company Supports
a. SME supports – Ad Hoc – consultancy
b. Marine Start-up fund
c. FDI Promotion
7. Marine Renewables
a. Wave Energy - supporting SEAI
b. Floating Wind
8. Innovation Prize(s)
9. ISSC and IPORES
Marketing and Engagement
Establishing and Maintaining Communities of Interest
Project Identification and Preparation
Promoting and Brokering Investment
MDT Mandate:
Bio-refinery and Bio-Discovery
1. Clear that there is a “de Facto” opportunity
2. In the area of seaweeds and other marine organisms there has been a lot of research work funded but little or no transfer to business
3. Three Interventions we are considering:
• National Innovation Hub – supporting good commercial projects – including this area
• “Low Hanging Fruit” study – looking for commercial opportunities in the already funded projects which can be made available for commercial opportunity
• Sustainable resource mapping – what can we do, where?
Thank You!