2010 03 02 Horizon 2020 Launch Final

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Presentation launching Ireland’s foreign investment strategy to 2020 http://bit.ly/cMrHNb

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2010 03 02 Horizon 2020 Launch Final

  1. 1. Mission Statement <ul><li>IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation, bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow. </li></ul>
  2. 2. Mission Statement <ul><li>“ IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation , bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow”. </li></ul>
  3. 3. Current Impact of FDI gh KEY FDI IMPACTS ON THE IRISH ECONOMY - €110 BN Exports - 240,000 Jobs in Total - 50% of Corporation Tax - €19 BN Expenditure - €7 BN Payroll - 73% of Business RD&I WORLD LEADERS CHOOSE IRELAND - 8 of the top 10 in ICT - 8 of the top 10 in Pharmaceuticals - 15 of the top 25 in Medical Devices - More than 50% of the world’s leading Financial Services firms
  4. 4. Key Considerations in Strategy <ul><li>Unemployment </li></ul><ul><li>Balanced Regional Development </li></ul><ul><li>Relative Competitiveness </li></ul><ul><li>Growth in Services </li></ul><ul><li>Sustain and develop existing FDI </li></ul><ul><li>New Markets </li></ul><ul><li>Reputation </li></ul><ul><li>Government Focus – Smart Economy </li></ul><ul><li>Involvement in Broader FDI </li></ul>
  5. 5. Megatrends – MNC Focus Urbanisation Population Growth Natural Resources Energy Security / Risk Transportation Health / Longevity Focus on Technology
  6. 6. Evolution and Future of FDI *Illustrative examples only
  7. 7. ICT Evolution and Horizon 2020 <ul><li>Basic assembly and test </li></ul><ul><li>Fortress Europe </li></ul><ul><li>Localisation packaging and printing </li></ul><ul><li>Higher level manufacturing </li></ul><ul><li>Low end services </li></ul><ul><li>Call centres </li></ul><ul><li>Software development </li></ul><ul><li>Advanced manufacturing </li></ul><ul><li>Product and process development </li></ul><ul><li>RD&I </li></ul><ul><li>High end services </li></ul><ul><li>Content development </li></ul><ul><li>Supply chain optimisation </li></ul>1980s 1990s 2000s
  8. 8. <ul><li> Current Focus </li></ul><ul><ul><li>Continuum of research from fundamental to productisation </li></ul></ul><ul><ul><li>Green IT </li></ul></ul><ul><ul><li>Convergence </li></ul></ul><ul><ul><li>High-end Services </li></ul></ul><ul><ul><li>ICT Equipment </li></ul></ul><ul><ul><li>Software Products </li></ul></ul><ul><ul><li>Carrier Services </li></ul></ul><ul><ul><li>IT Services </li></ul></ul><ul><ul><li>Activity Based Marketing </li></ul></ul>Evolution of ICT
  9. 9. <ul><li> 2010-2014 Focus </li></ul><ul><ul><li>ICT increasingly an enabling technology across all sectors, particularly for Life </li></ul></ul><ul><ul><li>Sciences and Services </li></ul></ul><ul><ul><li>Sensors, cloud, exascale, stream and unified computing </li></ul></ul><ul><ul><li>Storage </li></ul></ul><ul><ul><li>Data centres; Power and Cooling Technologies </li></ul></ul><ul><ul><li>Software </li></ul></ul><ul><ul><li>Wireless communication infrastructure </li></ul></ul><ul><ul><li>Convergence with a focus on personalised medicine, combination medical </li></ul></ul><ul><ul><li>products, digital media, Green/ Clean, neutraceuticals and financial </li></ul></ul><ul><ul><li>informatics </li></ul></ul><ul><ul><li>Enterprise Information Management (EIM) </li></ul></ul><ul><ul><li>Supporting technology for: </li></ul></ul><ul><ul><ul><ul><li>Media Broadcasting </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Photovoltaic solar energy </li></ul></ul></ul></ul><ul><ul><li>Mobile Device Technologies </li></ul></ul><ul><ul><li>Bio-Informatics </li></ul></ul>Ongoing Evolution of ICT
  10. 10. <ul><li>Horizon 2020 </li></ul><ul><li>Continuous evolution of ICT products as an enabling technology across </li></ul><ul><li>all sectors </li></ul><ul><li>Ubiquitous miniaturisation, nano/ portability </li></ul><ul><li>New industry players/constituents/models/landscape </li></ul><ul><li>Virtualization </li></ul><ul><li>Enterprise Information Management </li></ul><ul><li>Beyond silicon…new materials </li></ul>Ongoing Evolution of ICT
  11. 11. High Level Goals 2010-2014 62,000 New Jobs Regional Economic Development Emerging Growth Markets RD&I Investments 105,000 Impact 50% of Investments outside of Dublin and Cork 20% of Greenfield investments from Emerging Markets by 2014 Annual €1.7 BN Client Investment by 2014 640
  12. 12. Horizon 2020 – 10 Steps to Transformation <ul><li>Transformation Agenda </li></ul><ul><li>Employment intensive Services FDI </li></ul><ul><li>New Forms of FDI </li></ul><ul><li>Balanced Regional Development </li></ul><ul><li>Emerging Growth Markets </li></ul><ul><li>Emerging Companies </li></ul><ul><li>Brand Ireland – New Approaches / Channels </li></ul><ul><li>Open Innovation </li></ul><ul><li>Strengthen Ireland’s value proposition </li></ul><ul><li>Partner with Team Ireland </li></ul>
  13. 13. Horizon 2020 - Initiatives to Drive FDI <ul><li>Strategic need to maintain and grow employment and drive Company Transformation ; </li></ul>ESSENTIAL ELEMENTS OF TRANSFORMATION - Company-wide Competitiveness Initiatives - Technology Uplift - Skills Uplift - Research and Development - Process Development - Energy Efficiency
  14. 14. Horizon 2020 - Initiatives to Drive FDI <ul><li>New Areas of FDI; </li></ul><ul><li>Convergence - Combined Medical Products </li></ul><ul><li>- Personalised Medicine </li></ul><ul><li>- Digital Convergence </li></ul><ul><li>- CleanTech Convergence </li></ul><ul><li>- Financial Informatics / Analytics </li></ul><ul><li>- MedTech - IT - Services </li></ul><ul><li>Cloud Computing </li></ul><ul><li>Services Innovation / Growth in Services </li></ul><ul><li>CleanTech </li></ul>
  15. 15. <ul><li>New Approaches / Forms of FDI; </li></ul><ul><li>Centres of Excellence </li></ul><ul><li>Develop, TestBed and Internationalise </li></ul><ul><li>- Domestic market focused MNCs e.g. Insurance, Distribution, Telcomms </li></ul><ul><li>- Major Irish Contracts e.g. eHealth Records, Traffic, Water, Energy, Telemedicine </li></ul><ul><li>Broader FDI; </li></ul><ul><li>Research Institutes </li></ul><ul><li>Infrastructure – National Deficit </li></ul><ul><li>Competition </li></ul><ul><li>National Policy </li></ul><ul><li>Growth in Mergers & Acquisitions </li></ul>Horizon 2020 - Initiatives to Drive FDI
  16. 16. <ul><ul><li>Supporting Regional Economic Development; </li></ul></ul><ul><ul><ul><li>Continue to align Property Development Programme to support sectors </li></ul></ul></ul><ul><ul><ul><li>Leverage Property to secure high impact employment intensive investment </li></ul></ul></ul><ul><ul><ul><li>Target investments from non traditional sources of FDI </li></ul></ul></ul><ul><ul><ul><li>Maximise impact from Strategic Investment Projects e.g. high speed International Telecomms connectivity </li></ul></ul></ul><ul><ul><ul><li>Strong push to maximise last year of 30% ceiling on State Aids in BMW </li></ul></ul></ul><ul><ul><ul><li>Gateway Focus </li></ul></ul></ul><ul><ul><ul><li>Sensitive to regional pressure points </li></ul></ul></ul>Horizon 2020 - Initiatives to Drive FDI
  17. 17. <ul><li>New High Growth Markets – 20% all greenfield investment by 2014 </li></ul><ul><li>Emerging Companies </li></ul><ul><li>Brand Ireland – Communications </li></ul><ul><li>Open Innovation; </li></ul><ul><li>- MNCs / Universities / Institutes of Technology </li></ul><ul><li>- Tax </li></ul><ul><li>- Internal / External </li></ul><ul><li>- Client Base </li></ul><ul><li>- Diaspora </li></ul><ul><li>Location Advisors </li></ul><ul><li>Country / Region / City Partnering Models </li></ul><ul><li>Arts and Culture as a business </li></ul>Horizon 2020 - Initiatives to Drive FDI
  18. 18. Strengthen Ireland’s Value Proposition <ul><li>Talent, Technology, Track Record, Tax and the ease of doing Business are entry points </li></ul><ul><li>Sector / Activity / Country Specific </li></ul><ul><li>Needs Constant Enhancement </li></ul><ul><li>Example – Biopharmaceuticals; </li></ul><ul><li>- FDA Track Record </li></ul><ul><li>- National Institute for Bioprocessing and Research Training (NIBRT) </li></ul><ul><li>- SFI Initiatives </li></ul><ul><li>- FÁS Cork Training Centre </li></ul><ul><li>- Strategic Sites </li></ul><ul><li>- Cluster Impact </li></ul><ul><li>- Financial Incentives </li></ul>
  19. 19. Partner with Team Ireland <ul><li>Irish Technology Hotspot Companies </li></ul><ul><li>Mergers and Acquisitions Trends </li></ul><ul><li>Maximise impact of MNCs on indigenous </li></ul><ul><li>companies </li></ul><ul><li>SFI initiatives as magnet for FDI </li></ul><ul><li>National Leverage of Expertise </li></ul><ul><li>Universities and Institutes of Technology </li></ul><ul><li>Various Stakeholders </li></ul>
  20. 20. Horizon 2020 – Policy Enablers <ul><li>Competitiveness </li></ul><ul><li>Tax Regime </li></ul><ul><li>Next Generation Networks </li></ul><ul><li>Energy Infrastructure </li></ul><ul><li>Education System </li></ul><ul><li>Regulatory Environment </li></ul>
  21. 21. <ul><ul><li>Global Services </li></ul></ul><ul><ul><li>High-end Manufacturing </li></ul></ul><ul><ul><li>Research, Development & Innovation </li></ul></ul>Business Model Focus Sectors <ul><ul><li>Life Sciences - Pharma/Biopharma & </li></ul></ul><ul><ul><ul><ul><ul><li>- Medical Devices </li></ul></ul></ul></ul></ul><ul><ul><li>Information & Communications Technology </li></ul></ul><ul><ul><li>Financial Services </li></ul></ul><ul><ul><li>Content Industry, Consumer & Business Services </li></ul></ul><ul><ul><li>Diversified Industries and Engineering </li></ul></ul><ul><ul><li>CleanTech </li></ul></ul>IDA Focus
  22. 23. World Competitiveness Rankings IRELAND’S POSITION IN THE WORLD RANKINGS - 1 st for the availability of skilled labour - 1 st for the availability of financial skills - 1 st for real corporate taxes - 3 rd for flexibility and adaptability of people - 3 rd for being open to new ideas - 4 th for labour productivity Source: IMD World Competitiveness Yearbook 2009
  23. 24. FDI Continues - Recent Wins
  24. 25. <ul><li>IDA Ireland aims to; </li></ul><ul><li>- be the most Competitive Client-Focused FDI Agency in the world </li></ul><ul><li>- have the most FDI appropriate Skills Mix </li></ul><ul><li>- be the innovative leader in new business areas and models </li></ul><ul><li>- shape the Ireland Inc. product through Team Ireland </li></ul><ul><li>Competitive Client Focused Culture – Delivering Employment, Value Add and Innovation </li></ul>IDA Ireland – Winning for Ireland
  25. 26. Mission Statement <ul><li>IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation, bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow. </li></ul>

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