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#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation
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#StartupIreland presentation -8 july 2014- to Oireachtas Committee on Jobs Enterprise & Innovation

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To see the video of this presentation see: https://www.youtube.com/watch?v=rQz75_CXZOQ …

To see the video of this presentation see: https://www.youtube.com/watch?v=rQz75_CXZOQ
#StartupIreland presentation of our vision for where Dublin should be by 2020 -#Vision2020Dublin - a global tech startup hub.
8 july 2014- Presentation to Oireachtas Committee on Jobs Enterprise & Innovation

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  • SOME OF THE KEY SECTORS OF A SUCCESSFUL STARTUP COMMUNITY ARE HERE TODAY
    Fionnuala Healy -
    CTO at Gotcha Ninjas,
    formerly a senior software engineer with Ericcsons
     
    Sean Blanchfield
    Successful tech entrepreneur
    Currently scaling up his latest startup having raised a round of investment funding recently.
     
    Gene Murphy
    startup community activist,
    hugely committed to the Irish startup community around the country
     
    Karl Aherne
    Long track record of supporting startups
    leads Dublin’s largest corporate accelerator, Telefonica’s Wayra, with many Irish successes
  • Entrepreneurship Forum Report presented to you by Sean O’Sullivan in Feb 2014 , report contained 69 number of recommendations
    TODAY WE ARE FOCUSSING ON THE VIBRANT HOTSPOTS - CITIES
  • Launched in February - Government, through the Action Plan for Jobs, have put in place measures to support more start-up activity.
    For example, the establishment of the Local Enterprise Offices and the new county-based competition to find Ireland’s best young entrepreneur.
  • Startups are such an important source of innovation that large corporates are rapidly growing the amount of money they in startups, this activity is termed corporate venturing.
  • And the number of corporate backed accelerator programmes are growing rapidly too
    WHAT IS A STARTUP ACCELERATOR
    Through a competitive process 110 applications are reduced to 10 successful applicants
    Seed capital offered in exchange for a relatively small amount of equity
    Participants receive a 3 month programme of workshops and networking sessions – lots of PEER support
    Facilitated introductions are made
  • Leinster Hurling Final – Kilkenny hurling team 0-24 Dublin 1-09
    CORPORATES R&D - Startup Nation refers to Ireland as the location for call centres and services for the MNCs BUT not their mission critical work
    39% of Israeli high tech employees work in the R&D Depts of tech multinationals located in Israel
    ONE STORY FOR DUBLIN –
    Like
    - Silicon Valley is the epicentre for scaling tech ventures
    - London the hub for incubating FinTech ventures
    - Tel Aviv a hub for mobile, water and life science innovation
    SKILLS SHORTAGE - 75% of ICT companies looking for workers for an estimated 4,500 vacancies
    FEMALE ENT - GEM – 2 to 1 the ratio of male to female early stage entrepreneurs
    MENTION THE Startup Ireland MBA TEAM WORKING ON THESE PROBLEMS
  • MENTION WE ARE NOW MEMBERS
  • When an Israeli entrepreneur has a business idea he will start it that week – Startup Nation –
    “Ireland must encourage entrepreneurship as a norm rather than an exception.” ENT FORUM Report
  • 63 Israeli high-tech companies listed on the tech oriented NASDAQ - more than Korea, Japan, Singapore, India and all of Europe combined.
    START TLV competition runs in 20 countries
    1,900 companies - Tel Aviv Startup City 2013
  • International open competitions attracting over 3,000 startup applications from 35 countries.
    100 startups per competition get $40,000 seed capital over the 6 month programme.  
    Culture change - startups undertake to engage with local Chilean students & entrepreneurs.
    Chilean backed VCs invest in the most promising startups.
    Funding Cost: $12 million per annum
  • PARIS BUILDING WORLD’s LARGEST INCUBATION CENTRE FOR 1,000 STARTUPS
    MEXICO CENTRE WILL ACCOMMODATE THE KEY PILLARS OF A SUCCESSFUL COMMUNITY IN THE SAME BUILDING _ MODEL CAMBRIDGE INNOVATION CENTRE IN BOSTON
  • StartupIreland track record –
    MSc strengthen ecosystem through collaborative activities –
    At Hothouse –
    1. Connecting Student projects with Startups
    2. Connecting Student interns with Startups
    3. Student tours to our Incubator
    In 2013 reached a POINT WHERE NEED TO SCALE THIS ACTIVITY UP hence formed #StartupIreland
  • I WILL SPEAK AT ANY ARD FHEIS ABOUT STARTUPS!!
  • PUT THE SOCIAL MEDIA PRESENCE TO GOOD USE
  • Spoke at Google about how the big Corporates located in Dublin can help us become a global hub through corporate accelerators –
    Why not have a Ryanair, CRH or Paddy Power accelerator.
  • Put it up to the community, rather than focusing excessively on the day to day issues that confront us we need to have a vision that we can all rally around
  • GENERATES €2 bn per annum to the Irish Exchequer
  • MNCs have invested hundreds of millions in Irish data centres.
    Today Ireland has one of the highest per capita concentrations of data centres in the EU.
  • encourage the wider acquisition of STEM skills to fuel our startup tech businesses…”
  • GETTING THE BASICS RIGHT – BRING ABOUT CULTURE CHANGE AT SCALE THROUGH COLLABORATIVE ACTIVITIES – STEM/FEMALE ENTREPRENEURSHIP
    Because entrepreneurship is a Learning by Doing activity – direct personal experience of students with startups as interns, doing course projects for them or tours .
    GEM 2013
    Total Early Stage Entrepreneurial Activity (TEA) in Ireland in 2013 – 9.2pc up from 6.1pc in 2012. Ireland is now ranked second across the EU 15 and ninth among the EU 28 countries
    14.7pc of the population indicating their intention to set up a business in the next three years - somewhat behind EU 28 (15.9pc).
    Early stage entrepreneurship is higher among immigrant groups (11pc) than it is among the non-immigrant population (8.8pc).
    INCUBATION SPACE – Starting up is not always linear, many startups may need to return to incubation space after an accelerator.
  • NETWORK OF STARTUP CHAMPIONS IN PLACE IN EACH CITY
  • SATELLITE OF LONDON, have become part of their startup ecosystem’s pipeline of new tech startups…..
  • Measures the startups across EU that have secured an investment of more than $1M growth funding in the last three-year period.
    LONDON 26%
    Berlin 16%
    Dublin 6%
    The most active Venture Capital investors (these are the ones that provide the €2-€5 million investment rounds) are now predominantly based in London and Berlin (e.g. Balderton Capital, Index Ventures, DFJ Esprit and Earlybird). 
    a significant amount of successful startups transfer their headquarters from Europe to United States. Although some companies maintain their R&D centers in Europe
  • ENGINES OF STARTUP GROWTH - IN 2013 ALONE
    70,000 people attended events at Campus
    £34 million raised by startups involved with Campus
    Campus members from 61 countries have visited LONDON campus
    20% of Campus members are female compared with industry average of 11%
    TECHCRUNCH - The search giant was under pressure from the UK government to show it was prepared to back the government’s efforts to drive technology entrepreneurialism.
  • PERSONAL MISSION that by the time Killian is
    1. talking with his career guidance teacher Entrepreneurship will be the no 1 career choice above Law and Accountancy
    2. He will have a well integrated systems of supports to help scale his first business without the need to move to Silicon Valley or London UNLESS he wants to
  • In light of the fragmented nature of the activities currently taking place in the tech ecosystem in Dublin at the moment
  • All the key decision makers in the one room at the one time
    Our goal is to create a single shared strategy for Dublin
    To be a global tech startup hub by 2020
  • As a country we must take responsibility for creating the next generation of large scale employers while continuing to attract the multinationals.
    We must set about changing the international discourse about our country from the excessive focus on our tax rates or emergence from recession
    LETS SEND OUT THE MESSAGE TO THE WORLD THAT OUR COUNTRY IS THE LAND OF OPPORTUNITY FOR STARTUPS THAT WANT TO TAKE ON THE WORLD
    THIS IS A VERY REALISTIC MESSAGE AS….
    According to Forbes we top the Best Country for Doing Business list
    According to WALL ST JOURNAL TECH we top the EU averages for VC funds raised by tech companies (Ireland 311 VC-backed deals since 2003)
    According to the World Bank we rank 15th out of 185 countries for “Ease of doing Business”
    We have 9 of the top 10 global software corporates located in Dublin – PwC
    We have 3 of the top 8 Accelerators are in Dublin – TechCocktail 2011
  • How can the committee help us?
    Fionnuala -  female entrepreneurship and its importance in successful startup outcomes.
    Sean - current challenges to scaling (and that other ecosystems are draining away some of our more promising startups) and the tax obstacles to entrepreneurship. 
    Karl - The role of corporate venturing (specifically via accelerator programmes) in helping scale startups successfully (OptiWifi as an example).
    Gene - The essential role of the grassroots community as a provider of networking and referral opportunitities that underpin the growth of successful startups. 
  • Transcript

    • 1. #StartupIreland Partnership Providing Focus, Strategy and Vision to the Irish Startup Community for Jobs & Innovation Presentation to the Oireachtas Committee on Jobs, Enterprise & Innovation 8th July 2014
    • 2. Fionnuala Healy Sean Blanchfield Karl Aherne Gene Murphy Eoin Costello - CEO
    • 3. Our Presentation Today • Dublin’s challenges • #StartupIreland to date • #Vision2020 for Dublin
    • 4. To make Dublin a global tech startup hub by 2020
    • 5. Why? • Create a minimum of 2,800 jobs • Contribute €200 million to the Dublin economy p.a. • Be an international centre for innovation Source – Activating Dublin report
    • 6. “Particular focus on entrepreneurship as two thirds of all new jobs are created by startup businesses.”
    • 7. “These days big corporates from Siemens to Coca-Cola to Disney have a startup accelerator program.“
    • 8. Our capital does not appear in Key Global Tech Startup Ecosystem Rankings
    • 9. Dublin’s challenges as a tech startup hub •R&D/Corporate venturing activities of Corporates not here •Insufficient engagement by Corporates with startups •Lack of a cohesive ‘One Story’ for Dublin •What is Dublin’s global niche? •Lack of purpose built startup incubation space •Insufficient tech talent •Low female participation in entrepreneurship •Hard to secure investment funding at the €2 - €5 million level •Low international visibility
    • 10. “More and more national & city level startup campaigns are emerging around the world.”
    • 11. “In Tel Aviv everyone has a startup idea and are working on making it the next big thing.” #StartupIreland interviewee in Tel Aviv
    • 12. “Paris to be home to the world’s biggest startup incubator by 2016 at La Halle Freyssinet, providing 30,000 sq.m. for 1,000 startups” Source: Rude Baguette – France’s Startup Blog “Our first purpose built campus opens in July 2014 providing 35,000 sq.ft. for: •Entrepreneurs •Startups •Service providers (accountants, legal, mentors, design etc.) •Seed capital funds •University initiatives •Corporate venturing activities” Source: Startup Mexico
    • 13. •Action at Policy Level •Action at Grassroots level •Action at Culture & Education level “Creating an entrepreneurial community is a long term commitment, up to 10 years at a minimum”. Brad Feld #StartupIreland - Making a real sustainable difference
    • 14. “We need a vision for Dublin’s tech startup community on a scale of that conceived for the IFSC in the 80’s.” John Moran
    • 15. IFSC Dublin •Total employment 35,698 •Payroll of €2.3bn •Corporate Tax in excess of €1bn Source: Financial Services Ind/IBEC 2014
    • 16. IDA Data Centre Strategy in the 90s
    • 17. •Make Dublin a leading global startup centre. •Attract significantly more overseas entrepreneurs to Dublin.
    • 18. Startup Ireland’s #Vision2020 for Dublin
    • 19. • Food • Medical Devices • ICT • Energy • BioPharma
    • 20. Is it too late? .
    • 21. .
    • 22. .
    • 23. Killian Costello
    • 24. “Dublin is a city of silos.” James McBennett participant
    • 25. Join us for the #StartupIreland ‘Creating the Vision for Dublin’ Forum on 10th October at
    • 26. Ireland Land of opportunity for startups that want to take on the world .

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