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END OF YEAR
STATEMENT 2015
Start Innovate Scale Anticipate
INNOVATE
START
SCALE
ANTICIPATE
Driving Enterprise,
Delivering Jobs
Enterprise Ireland
End of Year Statement 2015
Record Year for
Job Creation
for Enterprise
Ireland Supported
Companies
Increases in
employment
in sectors
Key Performance
Sectors
CONSTRUCTION,
ENERGY
TECHNOLOGY
INFORMATION,
COMMUNICATIONS
& TECHNOLOGY
BUSINESS PROCESS
OUTSOURCING
NON-FOOD
MANUFACTURING
AGRI TECH
10,169
NET JOBS CREATED WHEN JOB LOSSES ARE TAKEN
INTO ACCOUNT
OF NET NEW JOBS
WERE CREATED
OUTSIDE OF DUBLIN
192,223
PEOPLE EMPLOYED BY ENTERPRISE IRELAND
SUPPORTED IRISH COMPANIES
Job Creation in 2015
TOTAL JOB CREATION
2
DUBLIN
36%
WEST
5%
MID EAST
12%
MID WEST
3%
MIDLANDS
6%
NORTH
WEST
2%
NORTH
EAST
8%
SOUTH
EAST
11%
SOUTH
17%
Cover Images: Start – Founders Seán Fennell and Julie Currid of HPSU Initiafy. Innovate – Arralis has been awarded Horizon 2020 EU funding of over €1.1 million.
Scale – Feargal Murray, CEO of Hostelworld. Anticipate – Enterprise Ireland CEO, Julie Sinnamon, and Minister for Skills, Research and Innovation, Damien English, T.D.
Note that the % total employment figures are indicative of trends based on current
year total employment figures and are unadjusted.
“We have seen the highest level of full time
jobs created, the lowest level of jobs lost
and the highest net increase in jobs in what
has been the best year for job creation in
Enterprise Ireland’s history.”
Julie Sinnamon, Enterprise Ireland CEO
64%
21,118
NEW JOBS CREATED IN TOTAL BY ENTERPRISE
IRELAND SUPPORTED COMPANIES IN 2015 – HIGHEST
GAIN IN THE HISTORY OF ENTERPRISE IRELAND
HIGH POTENTIAL
START-UPS FUNDING
APPROVALS
COMPETITIVE START
FUND APPROVALS
INVESTMENTS IN
INTERNATIONALLY
MOBILE START-UPS
INVESTMENTS IN NEW
START-UPS LED BY FEMALE
ENTREPRENEURS
R&D APPROVALS OF MORE THAN
€100K TO CLIENT COMPANIES
SECURED IN HORIZON 2020 FUNDING
COLLABORATIVE INNOVATIONS
BETWEEN INDUSTRY & THIRD LEVEL
NEW DAIRY PROCESSING
TECHNOLOGY CENTRE
TECHNOLOGIES WITH 		
MARKET POTENTIAL LICENCED TO
COMPANIES IN IRELAND 	
	
HPSUs FROM RESEARCH
CEOS AND MANAGERS
PARTICIPATING IN
ENTERPRISE IRELAND’S
LEADERSHIP & MANAGEMENT
DEVELOPMENT PROGRAMMES
INTERNATIONALISATION
COMPETITIVENESS & CAPABILITY
NEW AND SIGNIFICANT
CONTRACTS SECURED OVERSEAS
(WITH EI ASSISTANCE)
NEW FIRST TIME EXPORTERS TO
HIGH GROWTH MARKETS (> €25K)
NEW OVERSEAS PRESENCES
ESTABLISHED
INTERNATIONAL BUYERS WERE
BROUGHT TO IRELAND BY ENTERPRISE
IRELAND AND 121 INTERNATIONAL
TRADE MISSIONS AND KNOWLEDGE
EVENTS WERE ORGANISED
START INNOVATE SCALE ANTICIPATE
105
86 1,239
45
428
1,064
1,000+
€135m
875
€35m
100
11
112
15
61
INVESTMENTS IN START-UP
COMPANIES WORKING WITH
THE 31 LOCAL ENTERPRISE
OFFICES (LEOS)
500
3
WE ARE PROMOTING
THROUGH THE EDUCATION IN
IRELAND BRAND
Ireland as a
destination for
higher education
Ranked Number 	
3 Globally for
Seed Investment
BY THE LEADING INTERNATIONAL
INVESTMENT PLATFORM PITCHBOOK
WE HAVE A SPECIAL
REMIT TO ATTRACT
AND BROUGHT EDLONG
INGREDIENTS AND AMAZON
INVESTMENTS TO IRELAND
food-industry 	
FDI
IN 2015, IRELAND
BECAME THE
FOR U.S STUDENTS.
7th
most popular
study abroad
destination
OUR CLIENTS ARE
CREATING JOBS AND
WEALTH ACROSS IRELAND
4
Kerry’s Global Technology and Innovation Centre in
Newbridge is already employing over 800 and has
committed to 100 new hires in 2016.
Glanbia has opened three new facilities Virginia, Co
Cavan; Ballyragget, Co Kilkenny and a €180m flagship
milk nutrition centre in Belview, Co Kilkenny.
Lakeland Dairies cut the sod on a €36m expansion of
its milk processing facilities, creating over 80 jobs in
Bailieboro, Co Cavan.
In the meat sector, ABP Food Group is investing
€50m and creating over 150 new jobs in Cahir, Co
Tipperary, and Glenhaven is creating over 100 jobs in
Wicklow.
* 	Source: The Annual Employment Survey carried out by the Department of Jobs, Enterprise and Innovation
Enterprise Ireland supported companies created 21,118 new jobs in 2015,
resulting in a net increase of 10,169 in the number of people employed.
Overall direct employment in Enterprise Ireland client companies reached
192,223, of which 165,630 were full-time jobs and 26,593 other jobs.*
Business
process
outsourcing
Business process outsourcing (BPO) was
one of our primary growth industries
in 2015, as Irish companies announced
hundreds of new jobs. This included 400
by Voxpro in Cork and 200 by Waterford-
headquartered Eishtec in Clonmel.
21,118 new jobs 10,169
net increase in
employment
Enterprise Minister Richard Bruton T.D. with
Alo Duffy Chairman of Lakeland Dairies and
Group Chief Executive Michael Hanley
ICON plc, an Irish company
providing development services to
life science players in 40 countries,
is establishing a global innovation
hub. This will create 200 jobs in
Limerick and Dublin, mining clinical
trials data for insights to speed and
improve new drugs coming to the
market.
We are investing €1m in an
expansion by Perigord Premedia.
The Dublin company has
transformed from traditional label
printing to provide outsourced
artwork and label printing for
international life science players.
Lifesciences
Dairy
Two new food Foreign Direct Investment companies brought
to Ireland: the US-based dairy flavour and ingredients player
Edlong Ingredients, and Amazon Investments, a Turkish
petfood producer.
Food
Industrial
Tricel, headquartered in
Killarney, is creating 100 new
jobs providing composite
fabrication for the water and
construction markets.
EPS has announced a
€3m investment in a new
water expertise design
and manufacturing centre,
creating 50 jobs in Cork.
Voxpro founders Linda and Dan Kiely
Combilift, a manufacturer of
specialist warehouse and logistics
equipment, is creating 200 new jobs
in a €40m investment in Monaghan.
Newsweaver, a market leader
in internal communications
applications, is creating 60 new
jobs in its Cork HQ to support the
expansion of its global customer
base.
Genesis Automation is creating
58 new jobs in Cork as it helps
NHS hospitals in the UK address
inventory costs.
Internet of Things company
Asavie is creating 106 new
jobs in Dublin. Pictured: Staff
member Borja Guardiola and
Asavie CEO Ralph Shaw.
5
•	We have backed a top tier of 105 ambitious new
High-Potential Start-Ups (HPSUs)
•	Our Competitive Start Fund is investing up to
€50,000 each in 112 new early-stage businesses.
•	The second competitive call under our 		
Seed & Venture Capital Scheme (2013 – 2018) 	
has made up to an additional €65m available for
co-investment in seed funds.
•	We have been ranked Number 3 globally for
seed investment by the leading international
investment platform PitchBook.
•	Our Centre of Excellence is working with the new
network of 31 Local Enterprise Offices developing
a world-class ecosystem to provide rich and
consistent quality support for small and micro
start-ups throughout all regions in Ireland.
•	Approximately 500 Local Enterprise Office 	
start-ups have been funded.
•	A new Competitive Start Fund (CSF) was
launched to attract internationally mobile 		
start-ups - 15 approved
•	We have supported the launch of 6 Regional
Action Plans for Jobs. The plans set out specific
collaborative actions to make a real impact on
regional jobs potential.
•	The Community Enterprise Initiative was
launched, with 118 applicants from all over the
country applying for support from the €5m fund.
START
61of our
investments are
in start-ups led
by women
15
Internationally
Mobile Start-Ups
105ambitious
new High-Potential
Start-Ups (HPSUs)
nearForm, a leader in Node.js and microservices, announced plans to
create 100 jobs at its Waterford HQ.
We supported Ireland’s Best Young
Entrepreneur 2015
24 year old James Foody has
been named Ireland’s Best Young
Entrepreneur 2015, having co-
founded Ayda, based in Glanmire
and San Francisco. The Ayda mobile
app is being designed to help
women track fertility levels, and a
wearable fertility tracker solution is
due to launch in mid-2016.
Highest ever number of new
food sector high-potential
start-ups (HPSUs) at 8. This
includes two new whiskey
projects: The Connacht
Whiskey Company, in Ballina,
Co. Mayo, and the Boann
Distillery, in Drogheda, 		
Co. Louth.
Largest start-up investment:
the East Coast Bakehouse,
in Drogheda, starts
construction. This is set to
employ 100 people producing
biscuits for the Irish and UK
markets in 2016.
Supporting Female Entrepreneurs
Enterprise Minister Richard Bruton T.D. with
Ireland’s Best Young Entrepreneur 2015, James
Foody, co-founder of Ayda
€500,000 Enterprise Ireland
Competitive Start Fund to support
ambitious business women starting new
enterprises.
INNOVATE
•	86 R&D funding packages of over €100,000
are enabling companies to invest in the people,
resources and facilities required to deliver
ambitious research programmes.
•	A record 875 collaborative projects between
companies and higher education, ranging from
small Innovation Voucher projects to potentially
transformative Innovation Partnerships, will provide
our clients with new commercial opportunities, cost
savings or improvements in innovative capability.
•	The new €35m Dairy Processing Technology
Centre is positioning Ireland as a world leader in
dairy innovation. The companies that are partners
in this new technology centre cumulatively process
85% of Ireland’s milk pool and produce €2.5bn in
exports annually.
•	The €5 million Applied Research for Connected
Health (ARCH) Technology Centre is enabling
clinical, engineering and IT researchers to
collaborate in delivering next-generation
healthcare solutions.
•	A new National Health Innovation Hub will
drive collaboration between the health system
and enterprise.
•	Regional SME Innovation Leaders Networks
piloted in the west and southwest are enabling
SMEs to connect regionally for peer-to-peer
learning and to network with higher education
institutes.
•	We have backed 11 High Potential Start-Ups
from research.
•	100 technologies with market potential were
transferred to companies.
•	The €20.6m Eolas campus incubation centre in
Maynooth University will support collaboration
with industry and spinouts from research.
•	Over 2,200 users per month are accessing the
Knowledge Transfer Ireland web portal – the
first resource of its kind in Europe, as a single
repository for all technology and expertise
available from the national research system.
€135m	
European research
funding awarded to Irish
companies and academics
through Horizon 2020.
Ireland’s
participation in these
programmes is led
by Enterprise Ireland
€12.4m
secured by 29
Irish companies in
European Space
Agency contracts.
6
PMD Solutions is to receive
€4.2m in Horizon 2020
funding to develop a
new, wearable respiratory
monitoring device. The
funding will enable the Cork-
based SME to commercialise
its RespiraSense product,
providing advance warning
for general ward medical staff
of a possible deterioration in
patient condition.
ENBIO is establishing
a €1.5m centre
of excellence in
Clonmel to produce
surface ‘sunscreen’
treatments designed
to protect vital parts
of the European
Space Agency solar
orbiter satellite when it
launches in 2017.
Launching the
Government’s
Innovation
2020 strategy,
Enterprise
Ireland CEO, Julie
Sinnamon, and
Minister for Skills,
Research and
Innovation, Damien
English, T.D.
•	Enterprise Ireland brought 1,064 international
buyers to Ireland, forging international
introductions for our clients with potential buyers,
sales partners and for research collaboration.
•	121 international trade and knowledge events,
including 18 trade missions to the UK, US, Dubai,
Saudi Arabia, Qatar, Turkey, Central and Northern
Europe, South Africa, China and India.
•	The inaugural Arab-Irish business forum.
•	€50m in contracts secured on trade mission to
West Africa.
•	300 medtech buyers attended the MedInIreland
expo and over 1,000 client meetings took place.
•	The €490m Development Capital
Scheme is funding mid-sized, export-
oriented businesses.
•	Over 1,000 executives in more than
500 companies have participated
in our leadership and management
development programmes.
•	Our Graduate for International Growth
programme was recognised as ‘Best
Graduate Training & Development
Programme’ at the gradireland Graduate
Recruitment Awards 2015.
•	Enterprise Ireland realised value through client company
trade sales and investments, including Logentries, which
was acquired by Rapid7.
•	Other acquisitions included: 3V Technologies by
SafeCharge in UK; Duolog Technologies by ARM, the
world’s largest smartphone chipmaker; Amartus by
Huawei, China; Aran Chemicals by Almac; Brown Bag Films
by 9 Story Media Group; Creagh Medical by SurModics;
Powervation by Rohm, Japan; Celtrak by Thermoking; and
Trustev by TransUnion.
•	In 2015 Enterprise Ireland transferred a total of 25 clients
employing over 2,037 people to IDA Ireland as a result of
mergers and acquisitions.
•	Four IDA clients employing 163 people transferred
to Enterprise Ireland as a result of the companies
transferring into Irish ownership.
SCALE
122		
new international
reference customers for
high-potential start-ups
1,239		
new overseas 		
sales and 	
significant contracts
428	
new overseas
presences
established
7
Through the Education in
Ireland brand, Enterprise
Ireland promotes Ireland
as the overseas study
destination of choice for
higher education. In 2015,
Ireland became the seventh
most popular study abroad
destination for US students.
Having risen from ninth place
in 2014, Ireland is the fastest
growing destination of any
country in the top 10.
Our clients are winning
significant international
investments. Machine
vision specialist
Movidius has raised
US$40m led by
Summit Bridge Capital.
Hostelworld raised
€180m in an IPO on
the Irish and London
stock exchanges in
November.
Cubic Telecom has
secured €18m co-
investment from Audi
Electronics Venture
GmbH and Qualcomm
Incorporated (QCOM).
Separately, the Dublin
company has announced
a €1m deal with LeTV
in China to roll out a
new mobile phone data
service for customers
travelling outside China.
Announcing Enterprise Ireland’s 2015 programme of 121 international trade missions
and events, Enterprise Minister Richard Bruton T.D.; Foreign Affairs Minister Charlie
Flanagan T.D., Mark Roden, ding* CEO and Julie Sinnamon, CEO Enterprise Ireland.
The announcement took place at ding*, the world’s largest top-up provider, and an
innovative Irish company, which has benefited from trade missions and Enterprise
Ireland support.
8
Enterprise Ireland, The Plaza, East Point Business Park, Dublin 3
Tel (01) 727 2000 Fax (01) 727 2020 www.enterprise-ireland.com
© Enterprise Ireland January ‘16 - (356)
Co-funded by the Irish
Government and the
European Union.
Fintech is emerging as one of the most disruptive sectors
in ICT. Seven high-potential start-ups supported in 2015
are targeting the technology for financial services (fintech)
market, addressing banking challenges like compliance and
responding to the disintermediation trend with peer-to-
peer platforms.
Our existing fintech clients are in expansion mode. Brite:Bill,
the Dublin based billing communications platform provider,
is creating 100 new jobs on the back of recent major multi-
million dollar contract wins in North America.
Blue Insurance Ltd is to create 100 new jobs as it broadens
its personal insurances lines and expands internationally.
Payback Loyalty is to double its workforce with 28 new jobs
in a €2.5 million expansion in Limerick.
Fintech companies are also raising significant funding.
Fenergo, which develops client lifecycle management
solutions, has secured a US$75m investment from New 	
York-based Insight Venture Partners.
CurrencyFair has raised €10m in its latest funding round.
Fintech: a dynamic force for jobs and growth
Collaborating with
the Design and Craft
Council of Ireland, our
enterprise-focused
programme is geared
towards supporting a
next generation of start-
ups led by designers,
promoting Irish design
in overseas markets and
highlighting design as a
market differentiator for
our clients.
We are anticipating and acting on medium-term trends of opportunity and challenges
for our clients, by further sharpening our focus on high-growth markets and developing
market-driven technology road maps for key sectors.
In 2015, Enterprise Ireland brought strong insight
on Irish-owned businesses innovating and winning
business in world markets to five national strategies
FoodWise 2025 		
International Financial Services 		
Strategy 2020
Action Plan for Jobs
Enterprise 2025
Innovation 2020
We have developed
specific end-market
clusters for disruptive
industries, including
the Internet of
Things, LED lighting,
microelectronics,
automotives and
aviation.
ANTICIPATE
L-R: Stephen Hughes, Manager, Enterprise Ireland; Karen Hennessy, CEO, Irish
Design 2015 (ID2015); Minister for Business and Employment, Ged Nash, T.D.
The online currency exchange service CurrencyFair has become the first platform
globally to break the $1bn barrier in money-matching transfers.

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Enterprise Ireland's End of Year statement 2015

  • 1. END OF YEAR STATEMENT 2015 Start Innovate Scale Anticipate INNOVATE START SCALE ANTICIPATE Driving Enterprise, Delivering Jobs Enterprise Ireland End of Year Statement 2015
  • 2. Record Year for Job Creation for Enterprise Ireland Supported Companies Increases in employment in sectors Key Performance Sectors CONSTRUCTION, ENERGY TECHNOLOGY INFORMATION, COMMUNICATIONS & TECHNOLOGY BUSINESS PROCESS OUTSOURCING NON-FOOD MANUFACTURING AGRI TECH 10,169 NET JOBS CREATED WHEN JOB LOSSES ARE TAKEN INTO ACCOUNT OF NET NEW JOBS WERE CREATED OUTSIDE OF DUBLIN 192,223 PEOPLE EMPLOYED BY ENTERPRISE IRELAND SUPPORTED IRISH COMPANIES Job Creation in 2015 TOTAL JOB CREATION 2 DUBLIN 36% WEST 5% MID EAST 12% MID WEST 3% MIDLANDS 6% NORTH WEST 2% NORTH EAST 8% SOUTH EAST 11% SOUTH 17% Cover Images: Start – Founders Seán Fennell and Julie Currid of HPSU Initiafy. Innovate – Arralis has been awarded Horizon 2020 EU funding of over €1.1 million. Scale – Feargal Murray, CEO of Hostelworld. Anticipate – Enterprise Ireland CEO, Julie Sinnamon, and Minister for Skills, Research and Innovation, Damien English, T.D. Note that the % total employment figures are indicative of trends based on current year total employment figures and are unadjusted. “We have seen the highest level of full time jobs created, the lowest level of jobs lost and the highest net increase in jobs in what has been the best year for job creation in Enterprise Ireland’s history.” Julie Sinnamon, Enterprise Ireland CEO 64% 21,118 NEW JOBS CREATED IN TOTAL BY ENTERPRISE IRELAND SUPPORTED COMPANIES IN 2015 – HIGHEST GAIN IN THE HISTORY OF ENTERPRISE IRELAND
  • 3. HIGH POTENTIAL START-UPS FUNDING APPROVALS COMPETITIVE START FUND APPROVALS INVESTMENTS IN INTERNATIONALLY MOBILE START-UPS INVESTMENTS IN NEW START-UPS LED BY FEMALE ENTREPRENEURS R&D APPROVALS OF MORE THAN €100K TO CLIENT COMPANIES SECURED IN HORIZON 2020 FUNDING COLLABORATIVE INNOVATIONS BETWEEN INDUSTRY & THIRD LEVEL NEW DAIRY PROCESSING TECHNOLOGY CENTRE TECHNOLOGIES WITH MARKET POTENTIAL LICENCED TO COMPANIES IN IRELAND HPSUs FROM RESEARCH CEOS AND MANAGERS PARTICIPATING IN ENTERPRISE IRELAND’S LEADERSHIP & MANAGEMENT DEVELOPMENT PROGRAMMES INTERNATIONALISATION COMPETITIVENESS & CAPABILITY NEW AND SIGNIFICANT CONTRACTS SECURED OVERSEAS (WITH EI ASSISTANCE) NEW FIRST TIME EXPORTERS TO HIGH GROWTH MARKETS (> €25K) NEW OVERSEAS PRESENCES ESTABLISHED INTERNATIONAL BUYERS WERE BROUGHT TO IRELAND BY ENTERPRISE IRELAND AND 121 INTERNATIONAL TRADE MISSIONS AND KNOWLEDGE EVENTS WERE ORGANISED START INNOVATE SCALE ANTICIPATE 105 86 1,239 45 428 1,064 1,000+ €135m 875 €35m 100 11 112 15 61 INVESTMENTS IN START-UP COMPANIES WORKING WITH THE 31 LOCAL ENTERPRISE OFFICES (LEOS) 500 3 WE ARE PROMOTING THROUGH THE EDUCATION IN IRELAND BRAND Ireland as a destination for higher education Ranked Number 3 Globally for Seed Investment BY THE LEADING INTERNATIONAL INVESTMENT PLATFORM PITCHBOOK WE HAVE A SPECIAL REMIT TO ATTRACT AND BROUGHT EDLONG INGREDIENTS AND AMAZON INVESTMENTS TO IRELAND food-industry FDI IN 2015, IRELAND BECAME THE FOR U.S STUDENTS. 7th most popular study abroad destination
  • 4. OUR CLIENTS ARE CREATING JOBS AND WEALTH ACROSS IRELAND 4 Kerry’s Global Technology and Innovation Centre in Newbridge is already employing over 800 and has committed to 100 new hires in 2016. Glanbia has opened three new facilities Virginia, Co Cavan; Ballyragget, Co Kilkenny and a €180m flagship milk nutrition centre in Belview, Co Kilkenny. Lakeland Dairies cut the sod on a €36m expansion of its milk processing facilities, creating over 80 jobs in Bailieboro, Co Cavan. In the meat sector, ABP Food Group is investing €50m and creating over 150 new jobs in Cahir, Co Tipperary, and Glenhaven is creating over 100 jobs in Wicklow. * Source: The Annual Employment Survey carried out by the Department of Jobs, Enterprise and Innovation Enterprise Ireland supported companies created 21,118 new jobs in 2015, resulting in a net increase of 10,169 in the number of people employed. Overall direct employment in Enterprise Ireland client companies reached 192,223, of which 165,630 were full-time jobs and 26,593 other jobs.* Business process outsourcing Business process outsourcing (BPO) was one of our primary growth industries in 2015, as Irish companies announced hundreds of new jobs. This included 400 by Voxpro in Cork and 200 by Waterford- headquartered Eishtec in Clonmel. 21,118 new jobs 10,169 net increase in employment Enterprise Minister Richard Bruton T.D. with Alo Duffy Chairman of Lakeland Dairies and Group Chief Executive Michael Hanley ICON plc, an Irish company providing development services to life science players in 40 countries, is establishing a global innovation hub. This will create 200 jobs in Limerick and Dublin, mining clinical trials data for insights to speed and improve new drugs coming to the market. We are investing €1m in an expansion by Perigord Premedia. The Dublin company has transformed from traditional label printing to provide outsourced artwork and label printing for international life science players. Lifesciences Dairy Two new food Foreign Direct Investment companies brought to Ireland: the US-based dairy flavour and ingredients player Edlong Ingredients, and Amazon Investments, a Turkish petfood producer. Food Industrial Tricel, headquartered in Killarney, is creating 100 new jobs providing composite fabrication for the water and construction markets. EPS has announced a €3m investment in a new water expertise design and manufacturing centre, creating 50 jobs in Cork. Voxpro founders Linda and Dan Kiely Combilift, a manufacturer of specialist warehouse and logistics equipment, is creating 200 new jobs in a €40m investment in Monaghan. Newsweaver, a market leader in internal communications applications, is creating 60 new jobs in its Cork HQ to support the expansion of its global customer base. Genesis Automation is creating 58 new jobs in Cork as it helps NHS hospitals in the UK address inventory costs. Internet of Things company Asavie is creating 106 new jobs in Dublin. Pictured: Staff member Borja Guardiola and Asavie CEO Ralph Shaw.
  • 5. 5 • We have backed a top tier of 105 ambitious new High-Potential Start-Ups (HPSUs) • Our Competitive Start Fund is investing up to €50,000 each in 112 new early-stage businesses. • The second competitive call under our Seed & Venture Capital Scheme (2013 – 2018) has made up to an additional €65m available for co-investment in seed funds. • We have been ranked Number 3 globally for seed investment by the leading international investment platform PitchBook. • Our Centre of Excellence is working with the new network of 31 Local Enterprise Offices developing a world-class ecosystem to provide rich and consistent quality support for small and micro start-ups throughout all regions in Ireland. • Approximately 500 Local Enterprise Office start-ups have been funded. • A new Competitive Start Fund (CSF) was launched to attract internationally mobile start-ups - 15 approved • We have supported the launch of 6 Regional Action Plans for Jobs. The plans set out specific collaborative actions to make a real impact on regional jobs potential. • The Community Enterprise Initiative was launched, with 118 applicants from all over the country applying for support from the €5m fund. START 61of our investments are in start-ups led by women 15 Internationally Mobile Start-Ups 105ambitious new High-Potential Start-Ups (HPSUs) nearForm, a leader in Node.js and microservices, announced plans to create 100 jobs at its Waterford HQ. We supported Ireland’s Best Young Entrepreneur 2015 24 year old James Foody has been named Ireland’s Best Young Entrepreneur 2015, having co- founded Ayda, based in Glanmire and San Francisco. The Ayda mobile app is being designed to help women track fertility levels, and a wearable fertility tracker solution is due to launch in mid-2016. Highest ever number of new food sector high-potential start-ups (HPSUs) at 8. This includes two new whiskey projects: The Connacht Whiskey Company, in Ballina, Co. Mayo, and the Boann Distillery, in Drogheda, Co. Louth. Largest start-up investment: the East Coast Bakehouse, in Drogheda, starts construction. This is set to employ 100 people producing biscuits for the Irish and UK markets in 2016. Supporting Female Entrepreneurs Enterprise Minister Richard Bruton T.D. with Ireland’s Best Young Entrepreneur 2015, James Foody, co-founder of Ayda €500,000 Enterprise Ireland Competitive Start Fund to support ambitious business women starting new enterprises.
  • 6. INNOVATE • 86 R&D funding packages of over €100,000 are enabling companies to invest in the people, resources and facilities required to deliver ambitious research programmes. • A record 875 collaborative projects between companies and higher education, ranging from small Innovation Voucher projects to potentially transformative Innovation Partnerships, will provide our clients with new commercial opportunities, cost savings or improvements in innovative capability. • The new €35m Dairy Processing Technology Centre is positioning Ireland as a world leader in dairy innovation. The companies that are partners in this new technology centre cumulatively process 85% of Ireland’s milk pool and produce €2.5bn in exports annually. • The €5 million Applied Research for Connected Health (ARCH) Technology Centre is enabling clinical, engineering and IT researchers to collaborate in delivering next-generation healthcare solutions. • A new National Health Innovation Hub will drive collaboration between the health system and enterprise. • Regional SME Innovation Leaders Networks piloted in the west and southwest are enabling SMEs to connect regionally for peer-to-peer learning and to network with higher education institutes. • We have backed 11 High Potential Start-Ups from research. • 100 technologies with market potential were transferred to companies. • The €20.6m Eolas campus incubation centre in Maynooth University will support collaboration with industry and spinouts from research. • Over 2,200 users per month are accessing the Knowledge Transfer Ireland web portal – the first resource of its kind in Europe, as a single repository for all technology and expertise available from the national research system. €135m European research funding awarded to Irish companies and academics through Horizon 2020. Ireland’s participation in these programmes is led by Enterprise Ireland €12.4m secured by 29 Irish companies in European Space Agency contracts. 6 PMD Solutions is to receive €4.2m in Horizon 2020 funding to develop a new, wearable respiratory monitoring device. The funding will enable the Cork- based SME to commercialise its RespiraSense product, providing advance warning for general ward medical staff of a possible deterioration in patient condition. ENBIO is establishing a €1.5m centre of excellence in Clonmel to produce surface ‘sunscreen’ treatments designed to protect vital parts of the European Space Agency solar orbiter satellite when it launches in 2017. Launching the Government’s Innovation 2020 strategy, Enterprise Ireland CEO, Julie Sinnamon, and Minister for Skills, Research and Innovation, Damien English, T.D.
  • 7. • Enterprise Ireland brought 1,064 international buyers to Ireland, forging international introductions for our clients with potential buyers, sales partners and for research collaboration. • 121 international trade and knowledge events, including 18 trade missions to the UK, US, Dubai, Saudi Arabia, Qatar, Turkey, Central and Northern Europe, South Africa, China and India. • The inaugural Arab-Irish business forum. • €50m in contracts secured on trade mission to West Africa. • 300 medtech buyers attended the MedInIreland expo and over 1,000 client meetings took place. • The €490m Development Capital Scheme is funding mid-sized, export- oriented businesses. • Over 1,000 executives in more than 500 companies have participated in our leadership and management development programmes. • Our Graduate for International Growth programme was recognised as ‘Best Graduate Training & Development Programme’ at the gradireland Graduate Recruitment Awards 2015. • Enterprise Ireland realised value through client company trade sales and investments, including Logentries, which was acquired by Rapid7. • Other acquisitions included: 3V Technologies by SafeCharge in UK; Duolog Technologies by ARM, the world’s largest smartphone chipmaker; Amartus by Huawei, China; Aran Chemicals by Almac; Brown Bag Films by 9 Story Media Group; Creagh Medical by SurModics; Powervation by Rohm, Japan; Celtrak by Thermoking; and Trustev by TransUnion. • In 2015 Enterprise Ireland transferred a total of 25 clients employing over 2,037 people to IDA Ireland as a result of mergers and acquisitions. • Four IDA clients employing 163 people transferred to Enterprise Ireland as a result of the companies transferring into Irish ownership. SCALE 122 new international reference customers for high-potential start-ups 1,239 new overseas sales and significant contracts 428 new overseas presences established 7 Through the Education in Ireland brand, Enterprise Ireland promotes Ireland as the overseas study destination of choice for higher education. In 2015, Ireland became the seventh most popular study abroad destination for US students. Having risen from ninth place in 2014, Ireland is the fastest growing destination of any country in the top 10. Our clients are winning significant international investments. Machine vision specialist Movidius has raised US$40m led by Summit Bridge Capital. Hostelworld raised €180m in an IPO on the Irish and London stock exchanges in November. Cubic Telecom has secured €18m co- investment from Audi Electronics Venture GmbH and Qualcomm Incorporated (QCOM). Separately, the Dublin company has announced a €1m deal with LeTV in China to roll out a new mobile phone data service for customers travelling outside China. Announcing Enterprise Ireland’s 2015 programme of 121 international trade missions and events, Enterprise Minister Richard Bruton T.D.; Foreign Affairs Minister Charlie Flanagan T.D., Mark Roden, ding* CEO and Julie Sinnamon, CEO Enterprise Ireland. The announcement took place at ding*, the world’s largest top-up provider, and an innovative Irish company, which has benefited from trade missions and Enterprise Ireland support.
  • 8. 8 Enterprise Ireland, The Plaza, East Point Business Park, Dublin 3 Tel (01) 727 2000 Fax (01) 727 2020 www.enterprise-ireland.com © Enterprise Ireland January ‘16 - (356) Co-funded by the Irish Government and the European Union. Fintech is emerging as one of the most disruptive sectors in ICT. Seven high-potential start-ups supported in 2015 are targeting the technology for financial services (fintech) market, addressing banking challenges like compliance and responding to the disintermediation trend with peer-to- peer platforms. Our existing fintech clients are in expansion mode. Brite:Bill, the Dublin based billing communications platform provider, is creating 100 new jobs on the back of recent major multi- million dollar contract wins in North America. Blue Insurance Ltd is to create 100 new jobs as it broadens its personal insurances lines and expands internationally. Payback Loyalty is to double its workforce with 28 new jobs in a €2.5 million expansion in Limerick. Fintech companies are also raising significant funding. Fenergo, which develops client lifecycle management solutions, has secured a US$75m investment from New York-based Insight Venture Partners. CurrencyFair has raised €10m in its latest funding round. Fintech: a dynamic force for jobs and growth Collaborating with the Design and Craft Council of Ireland, our enterprise-focused programme is geared towards supporting a next generation of start- ups led by designers, promoting Irish design in overseas markets and highlighting design as a market differentiator for our clients. We are anticipating and acting on medium-term trends of opportunity and challenges for our clients, by further sharpening our focus on high-growth markets and developing market-driven technology road maps for key sectors. In 2015, Enterprise Ireland brought strong insight on Irish-owned businesses innovating and winning business in world markets to five national strategies FoodWise 2025 International Financial Services Strategy 2020 Action Plan for Jobs Enterprise 2025 Innovation 2020 We have developed specific end-market clusters for disruptive industries, including the Internet of Things, LED lighting, microelectronics, automotives and aviation. ANTICIPATE L-R: Stephen Hughes, Manager, Enterprise Ireland; Karen Hennessy, CEO, Irish Design 2015 (ID2015); Minister for Business and Employment, Ged Nash, T.D. The online currency exchange service CurrencyFair has become the first platform globally to break the $1bn barrier in money-matching transfers.