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Brian Glynn - InvestNI - Northern Ireland UK - Stanford Engineering - Feb 25 2013
1. Introduction to Invest Northern Ireland
Brian Glynn, Invest NI San Jose
Stanford Engineering – European Entrepreneurship & Innovation - February 25 2013
Invest Northern Ireland San Jose Office brian.glynn@investni.com
2. Who is Invest Northern Ireland?
Northern Ireland’s economic development agency.
Our goal: to help create wealth for the benefit of
the whole community.
Invest Northern Ireland San Jose Office brian.glynn@investni.com
4. Northern Ireland – key facts
Population 1.79 million
• Fastest growing population
in the UK.
• One of Europe’s youngest
60% < age 40.
Comparison: Santa Clara
County
• Population: 1.8 million
• Area: ¼ of NI
Invest Northern Ireland San Jose Office brian.glynn@investni.com
5. How Invest NI helps
Financial incentives can include
Capital investment or employment ramp up (salary costs)
Training costs
Research and development expenditure
Non financial incentives include a range of technical and advisory
support services in areas such as:
Property search and selection
People and skills
Operating efficiency
7. Why Northern Ireland?
Close to Cost Culturally
Customer Competitive Compatible
Invest Northern Ireland San Jose Office brian.glynn@investni.com
8. Competitive Costs
• Operating costs average 20-30% cheaper than the rest of the UK & Europe
Close to Customer
• 30 direct connections to Europe
• 100 flights a day to GB
• Daily direct flight to New York
• GMT -8hr overlaps with US West Coast
Culturally Compatible
• Labour turnover rates are amongst the lowest in Europe (4.7%) and 80% of our
investors have re-invested
Invest Northern Ireland San Jose Office brian.glynn@investni.com
9. Highly Educated Workforce
NI students consistently
out-perform other UK
regions in high school
exams by more than 10%
World renowned universities, working closely with industry:
Invest Northern Ireland San Jose Office brian.glynn@investni.com
10. History of Innovation in NI
In 1917 Harry Ferguson from
Co. Down in NI patented the
technology that led to the
modern tractor.
John Boyd Dunlop invented the
pneumatic tyre in Belfast in
1888.
Sir James Martin from Northern
Ireland invented the airplane
ejector seat.
Invest Northern Ireland San Jose Office brian.glynn@investni.com
11. NI Innovation
1 in 5 of the world’s computer drives
has a part created in Northern Ireland.
Invest Northern Ireland San Jose Office brian.glynn@investni.com