Increasing numbers of High Growth companies are locating in Ireland to scale up and internationalise their operations. The exciting commercial and creative mix on offer, together with a business-friendly environment and speed to market are key motivating factors. Ireland is now placing an even stronger focus on attracting High Growth companies that are typically operating less than seven years and have a turnover between $30m-$70m.
While Ireland has a long track record in attracting large multinational companies, its reputation for attracting High Growth companies is now also flourishing. Since 2010, over 150 High Growth global companies have chosen to establish their operations in Ireland, working alongside IDA Ireland.
Ireland offers High Growth companies the ability to quickly establish their operations and rapidly execute their business model. They also benefit from a strong pool of local talent (Ireland is ranked number one for the availability of skilled people), a streamlined visa process for non-European citizens and a long-established, innovative and robust infrastructure.
A wide variety of High Growth companies are choosing Ireland as a launch pad to global success. These companies are characterised by swift growth and disruptive business models, including leading Platform as a Service provider Engineyard, the job search engine Indeed.com and Software as a Service provider Marketo.
The IDA is actively working across all sectors with small, High Growth companies keen to internationalise and grow their business. Companies such as Etsy, SquareSpace, Qualtrics, and MongoDB have chosen Ireland for this purpose.
High Growth businesses represent an increasingly important part of Ireland’s high tech, innovative business eco-system. Their position allows them to link up with established multinationals in ICT, Life Sciences, Financial Services and globally traded businesses forming mutually beneficial relationships. Their presence also strengthens Ireland’s position as Europe’s second most entrepreneurial country.
Ireland has become a thriving hotbed of entrepreneurial activity where mentors, advisors and angel investors are highly visible and active. While raising capital will always be a challenge, the nature of new funds investing in Ireland (such as Highland, Tribal, Frontline, Polaris) are much more founder-friendly and Valley-connected than their predecessors.
High Growth businesses represent an increasingly important part of Ireland’s high tech business ecosystem. These companies can readily tap into the country’s pool of talent and established infrastructure that has been ranked as a top performer when it comes to delivering innovation.
Ireland tops the rankings for flexibility and adaptability of its labour market. This should be no surprise given 50% of people are aged under 35.
High Growth companies are encouraged to make the most of opportunities to connect with third-level institutions and their graduates, as well as with indigenous companies of similar scale and potential. Such connections are actively encouraged and facilitated by IDA Ireland.
Rory Mullen leads a dedicated team focused on the business needs of High Growth companies. To date, over 100 high growth companies have successfully scaled and internationalised using Ireland as their European base. IDA’s team has members on the ground in California - Irvine and Mountain View, Atlanta, New York, Austin, London and Frankfurt as well as Ireland.
Contact us at IDAEmergebiz@ida.ie
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Gilead Sciences, Inc. (Nasdaq: GILD) today announced plans to invest approximately €7 million in the company’s Irish operations, opening a new base in Dublin and creating 140 jobs.
George Jon, Inc. (George Jon), the eDiscovery industry’s leading technology platform and consulting specialist, today announced plans to establish its first international office in Dublin, Ireland, creating 20 jobs in the technology sector over the next three years.
By establishing a physical foothold in the European Union and employing local, Irish application and infrastructure engineering talent, George Jon will be ideally positioned to service and grow its portfolio of EMEA clients, which includes “Big Four” accounting and advisory firms, multinational corporations, law firms, government agencies, and hosting service providers.
CORK CITY, IRELAND and PLEASANT GROVE, UTAH – MAY 29, 2020 – doTERRA, the world leader in essential oils and wellness products, is set to create up to 100 new jobs in the northern suburbs of Cork City over the next three years with the opening of the company’s first manufacturing facility outside of the United States.
Meissner Filtration Products announced today that their new manufacturing facility in Co. Mayo is operational. The new facility features a state of the art 930 m² (10,000 ft²) ISO class 7 cleanroom dedicated to the manufacture of Single-Use Systems. Validation of the facility was completed in mid-April and the facility is currently manufacturing products for their biopharmaceutical and pharmaceutical client base.
New Centre of Excellence will create 50 new jobs and support new and existing clients in Europe, the Nordics and the Americas.
Martin Shanahan, CEO IDA Ireland:
This is a very difficult time for business, both Irish businesses and international businesses that are based here in Ireland and indeed businesses right across the globe.
This is a global pandemic and has caused widescale disruption to the global economy in which Ireland operates.
Udemy, the largest global marketplace for learning and teaching online, announced today the opening of an expanded office in Dublin, Ireland. The new office opening represents continued investment in the company’s EMEA headquarters, follows a milestone growth year, and a recent commitment by long-time Japanese strategic partner Benesse Holdings to invest $50 million in the company.
The enticement of a relatively wealthy market of 500 million consumers often makes opening a European office one of the earlier expansion steps for American technology companies. However, there are right and wrong ways to establish a European operation, with fostering the right culture a key aspect that will significantly impact the hoped-for financial contributions.
The role of placemaking in helping to enhance Ireland’s attractiveness to investors was highlighted at an event today hosted by IDA Ireland in partnership with the Department of Housing, Planning and Local Government. The event was held as the second phase of the Department of Housing, Planning and Local Government’s Urban Regeneration and Development Fund was rolled out. Under the call, local authorities are invited to submit proposals for transformational placemaking and urban development projects that will enhance the attractiveness and liveability of Ireland’s cities and large towns and support compact urban growth, one of the key strategic objectives of Project Ireland 2040.
Sift, a leading Digital Trust and Safety technology company, today announced that it is expanding its international presence with the opening of its new EMEA headquarters in Dublin, Ireland.
The company, which counts several major European businesses such as Cabify, Curve, Delivery Hero, and GetYourGuide as customers, has already hired several members of its quickly growing Sales team with plans to continue hiring.
Today, DubSpot announced it’s not done growing, this time expanding its footprint across the
river Liffey with a new state-of-the-art office space dubbed ‘HubSpot House.’ In addition,
HubSpot will commit to 450 new jobs by 2023, enabling the company to help millions of
organisations across EMEA grow better.
IDA Ireland’s Digital Summer 2020 edition of Innovation Ireland Review magazine includes features on Cyber Security, Women in STEM, Medtech, and much more
Mastercard has today announced its plans to create 1500 jobs in the next three to five years as it significantly grows its new European Technology Hub in Dublin. The plans reflect Dublin as a key location in Mastercard’s global footprint.
As a leader in payments technology, Mastercard is to grow its workforce with notable investments in its artificial intelligence, cyber security, blockchain, user experience teams, and more. As such, Mastercard will be recruiting for talented technologists with strong development and software skills looking to work on impactful, cutting edge technology projects.
Maxim Integrated Products, Inc. (NASDAQ: MXIM) today announced the opening of a new design center in Dublin, Ireland. The design center will focus on product development and conducting research and development in the areas of analog semiconductor design to deliver Maxim’s innovative solutions across many end markets.
To make this vision a reality, the company will recruit a strong team of mixed-signal and analog design engineers at this facility. The $25M investment will be primarily geared towards recruiting talent, equipment and building costs, as well as research and development. Located on the south side of Dublin, this is Maxim’s seventh design center located in Europe.
Ireland is the leading destination for pharmaceutical activity, 85+ biopharmaceutical companies call Ireland home, Ireland is the third largest exporter of pharmaceuticals globally and 50 FDA-approved manufacturing plants are located here.
Payoneer, the digital payment platform empowering businesses around the world to grow globally, announced today its continued global expansion with the establishment of a new office in Dublin, Ireland. This announcement, in conjunction with the Central Bank of Ireland (CBI) authorizing the Dublin entity of the fintech unicorn as an Electronic Money Institution, demonstrates Payoneer’s commitment to being a reliable, secure and convenient partner for businesses all over the world.
The IDA Ireland organised forum, in association with the Financial Times, brings international and Irish financial industry leaders, regulators and policy experts together
Ireland has developed a global banking
reputation and is a recognised location for front,
middle and support activities, including operations
Ireland has a sophisticated fintech & payments ecosystem with
a deep pool of local expertise available. Many of the world’s leading
companies have a significant presence in Ireland, with activity spread
right across the sector including; Online Payments & Processing,
Digital Banking, Cross Border Payments, Payment Gateways,
Insurtech, Regtech and Blockchain.
Ireland is a global centre for servicing the insurance
industry with local expertise across the full range of
sub-sectors including Life, Non-Life, Specialty Insurance,
Reinsurance and Captive Insurance.
Allergan plc, the global integrated biopharmaceutical leader headquartered in Ireland, today marked the opening of its €160m state-of-the-art Biologics 2 facility at its Westport Campus in Co. Mayo, Ireland. The new facility will create 63 jobs and enhance Ireland’s position as a strategic global hub for Allergans’ flagship products, including their botulinum toxin brand. This brings Allergan’s total investment in Ireland since it began operations in the country to more than €750m.
New York, Limerick, 17 January 2020: AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces the opening of a business operations centre in Limerick, Ireland, creating as many as 100 jobs over the next five years. The office will be located in the National Technology Park in Plassey. The project is supported by the Irish Government through IDA Ireland – the agency responsible for the attraction and retention of inward foreign direct investment into Ireland.
Companies across a diverse range of industries are using artificial intelligence to streamline data management and analytics, gain a competitive edge and find new ways to drive growth. As more companies look to capitalize on AI technologies for their data-driven decision making, there’s a demand by businesses to find ways to avail themselves of AI quickly and cost effectively. AI is starting to emerge as a service, and I see 2020 being the year that AI as a Service (AIaaS) explodes onto the market.
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