Presentation to Armenian DelegationDublin October 2015

Startups are the new FDI companies

John Kennedy - Silicon Republic

#startupIRL

Acquired startups lead to growth in the original business

In 2001 Annrai O’Toole founded Cape Clear, a Dublin-based software start-up. It was acquired by Workday in 2008 – at that time it had 22 members of the team. Today Workday in Ireland has 400 team members and will hire 200 more.

#startupIRL

Startup Island – Ireland to be a global startup hub by 2020

#startupIRL

• Empower individuals and regions to take control of their economic destiny through entrepreneurship

• Engage the MNCs and Research Centres to provide startup interfaces to help increase the potential for the emergence of hubs

• Energise movement across the whole ecosystem to create density & velocity

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.

#startupIRL

The GlobalStartup EcosystemRanking 2015#startupIRL

#startupIRL

“Network Connectivity is the most important component driving

ecosystem growth.”– Research by US Chamber of Commerce and the 1775 International Startup Competition

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

“It’s my belief that vibrant startup ecosystems will create more successful startups, which lead to more startups. It has to be in this order.

Helping startups plug into their local communities is key, if they’re in a robust local network startups have a much greater chance of success.”Scott Case, CEO of Startup America Partnership

What are the strengths of Startup Ireland?

1. We help connect Ireland’s startup ecosystem nationally and internationally.

2. Grassroots up organisation with a focus on actions that will have real impact on the ground

3. Small team of professionals supporting volunteers nationally

4. Not-for-profit Partnership

5. Committed to the long term

#startupIRL

Goals of the Startup Gathering 20151.More people entering the entrepreneur pipeline

across the country and talent being spotted early

2.Grow regional hubs around existing industry

strengths

3.To project internationally Ireland's city region startup hubs in a differentiated and coordinated way.

Effective Engagement

Startups

Multinational CompaniesRe

sear

ch C

entr

es State Agencies

#startupIRL

October – 410+ Events in 22 CountiesService Providers - 25 events

Enterprise Support Agencies - 100 events

Research Centres & Universities - 25 events

Large Corporates - 10 events

Investors - 15 events

Bank of Ireland – 70+ Startup Community - 36 events

•“When localities focused on fostering and stimulating startups, they could change their

own economic futures in dramatic and fundamental ways.”

July 2014

Nov 2014

Jan 2015

Feb 2015

Mar 2015

May 2015

Sept 2015

#startupIRL

#startupIRL

“It takes a community to raise a child. Equally it takes a community to raise a successful startup and a country to raise a successful scaleup.”

•Gillian Barry • Limerick Startup

Gathering • City Region Coordinator