• Eoin Costello• Startup Ireland CEO

Presentation to Local Enterprise Office network meeting

15th July 2015

Vision2020Startup Island

What will Ireland look like as a global startup hub?

• Entrepreneurial spirit (sharing, problem solving etc) helps define a new Ireland• Entrepreneurship is regarded as a profession.• The tax environment supports calculated risk taking.• International startups choose Ireland as the top location for their startups.• Significant number of IPO/Stock Exchange listings by companies located in Ireland.• Government exchequer gain from successful exits and employment.• Serial entrepreneurs re-investing in startups.• Significant number of Corporate and Research Centre Spin-outs per annum.• Democratisation of entrepreneurship outside the cities.• Higher percentage of workforce in the R&D labs of large corporates.

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.

•“Network Connectivity is the most important component driving ecosystem growth.”

• Research by US Chamber of Commerce and the 1775 International Startup Competition

• Genuine collaborative activities

• Occurring within an effective network

• Which deliver symbiotic outcomes

To become a global startup hub we must create “Effective engagement”

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

Who are Startup Ireland?

1. We help connect startups 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

•What is the single biggest

contribution that Startup Ireland

can make?

•Helping startups make the

connections they need to

•start, scale and succeed

•from Ireland.

THE WORLD’S BIGGEST

NATIONAL STARTUP EVENT

October 5th – 10th

Effective Engagement

Startups

Multinational CompaniesRe

sear

ch C

entr

es State Agencies

Goals of the Startup Gathering 2015

1.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.

•“When localities focused on fostering and stimulating startups, they could change their own economic futures in dramatic and fundamental ways.”

“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