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 100 High Growth global companies have established 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, and include celebrity eyewear favourite Dita Eyewear, 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.
Barry O’Dowd 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.
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IDA Ireland has today announced that it will be partnering with Science Gallery International to bring an innovative exhibition, PORTALS, to the World Economic Forum Annual Meeting taking place in Davos next week. PORTALS was curated collaboratively by Science Gallery International and the World Economic Forum, and features four immersive gateways that invite participants into wholly different realities and ways of experiencing the world.
Craigavon, N.I., 18 January 2018 – Almac Group, the global contract pharmaceutical development and manufacturing organisation, today confirmed the successful completion of Health Products Regulatory Authority (HPRA) inspections of Almac Clinical Services Ireland and Almac Pharma Services Ireland at its European campus in Dundalk, Ireland.
SLIGO, January 16th, 2017 – AbbVie (NYSE: ABBV), a global research and development-based biopharmaceutical company, today announced an expansion of its manufacturing facility in Sligo to support the growth of its Oncology pipeline.
Jaguar Land Rover has selected Shannon as it is globally recognised as a centre of excellence for current and future software engineering talent.
January 10, 2018: An initiative by The Bar of Ireland supported by the IDA and the legal community was launched by the Minister for Justice and Equality, Charlie Flanagan, today (Wednesday) seeking to promote Ireland as a leading centre globally for international legal services.
IDA Ireland, the Irish Government agency responsible for attracting foreign direct investment to Ireland, has today confirmed it has selected Three Park Place on Upper Hatch Street in Dublin 2 as its preferred option for its new Global Headquarters.
19,851 Jobs Created in FDI companies – third consecutive year of strong growth under current strategy
December 19, 2017 (Lismeehan, County Clare) Beckman Coulter, which develops, manufactures and markets products that simplify, automate and innovate complex biomedical testing, is expanding the company’s development and manufacturing facility at Lismeehan, County Clare, creating 70 jobs over the next two to three years.
December 15 2017 Dundalk. National Pen, a leading global provider of personalised marketing merchandise, is celebrating its 30th anniversary in Dundalk.
The expansion, creating 250 jobs, is supported by the Irish Government through IDA Ireland.
The company established its’ International Headquarters in Dundalk in 1987, comprising a manufacturing plant which personalises promotional products, and a contact centre which supports corporate functions including Finance, HR, Recruitment, IT, E-commerce and other support functions.
Pluralsight, the enterprise technology learning company, today announced plans to open a new EMEA headquarters in Dublin in early 2018. The Dublin office will house the company’s strategic business operations for the region and support its growing customer base in Ireland and throughout Europe, Middle East and Africa.
Dublin, Ireland, 11 December, 2017: Huawei, the global ICT leader, today announced a new research partnership with Trinity College Dublin as part of its growing R&D footprint in Ireland. At an event at Trinity College Dublin, Guo Ping, Huawei Deputy Chairman & Rotating CEO, also announced the expansion of the company’s Cork R&D operation, which is growing from a small team to nearly 20 highly-skilled staff.
Antares Vision, the leading Italian inspection systems, track & trace and smart data management solutions provider for the most demanding sectors including pharmaceutical, medical devices, cosmetics, food & beverage, today announced it is to establish a Software Development Centre in Galway, creating 53 jobs in 5 years in Computer Vision and Artificial Intelligence
Keeper Security, Inc., the world’s leading password manager and secure digital vault, today announced the opening of its first European office at 9 Parliament St., Cork T12 NY99, Ireland. The office will provide local management, enterprise sales and engineering support for Keeper’s growing EMEA business customer base.
The new office in Cork will staff 50 employees over the next 2 years. This team will include a Sales Director, Office Manager, Training and Pre-Sales Engineer, and Sales Representatives to support the UK, Ireland, Northern Europe, France, Germany, Austria, Switzerland, Italy and the Middle East.
1st December 2017, Dublin- SANNE has today announced that it plans to grow its presence in Dublin by developing a fully integrated client services offering that includes fund administration, financial reporting, company secretarial and management support services. Given this new development it is expected SANNE’s Irish operation will continue to grow in size and mean a focus on new recruitment from within the local Dublin employment market. The company which is based in Dublin has the capacity to accommodate 100 executives with recruitment already underway.
DUBLIN, November 30 2017 – Equifax Inc., a global information solutions company headquarted in Atlanta, Ga., announced today the creation of 150 new jobs in Dublin over the next 12 months, bringing its total Irish workforce to more than 350. Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection Pat Breen T.D, Mark Rohrwasser, Interim Chief Information Officer at Equifax, and Paul O’Dwyer, IT Development Centre Leader met to discuss the expansion.
Minister of State for Employment and Small Business, Pat Breen TD today announced that UK speciality pharmaceutical services company Wasdell Group is to establish a pharmaceutical packaging, testing and distribution facility in Dundalk, creating 300 jobs over five years.
Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD today announced that Md7 is to significantly increase its size by adding 40 new jobs at its International HQ in Dublin. Md7 is a turnkey site development and real estate optimization company serving the telecommunications industry since 2003.
24 November 2017 – IDA Ireland and Minister of State at the Department of Finance Michael D’Arcy TD today welcomed the news that UK regulated marine liability insurers The Standard Club and North P&I Club have chosen Dublin for their EU subsidiaries as a direct result of Brexit, subject to regulatory approval.
An Tanaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald T.D., and YapStone, a leading global payments company founded in Silicon Valley, today announced it will invest $48 million (€41 million) in the creation of 200 new tech jobs, at its International Headquarters in Drogheda, Co. Louth, Ireland.
Leading online automotive marketplace, CarGurus, expands its presence in Dublin, as it ramps up its European operation
Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD and IDA Ireland today welcomed the announcement that IBM will create up to 150 new, highly skilled digital roles over the next two years in a new IBM Digital Delivery Centre in Dublin.
Tánaiste Frances Fitzgerald attends the official ribbon cutting of the MetLife facility Recruitment of 200 highly skilled IT professionals for Technology Campus underway
Xilinx will recruit 100 highly qualified new staff for Dublin and Cork
Cloud Communications Company to employ 100 in Dublin over three years
DUBLIN, IRELAND – November 1, 2017 – Theravance Biopharma, Inc. (NASDAQ: TBPH) ("Theravance Biopharma") today announced the opening of a new corporate office in Dublin, further establishing the Company’s presence in Ireland. The Company plans to expand its Dublin employee base by hiring 30 highly-skilled professionals over the next two years in in areas such as clinical development, finance, and technical operations. An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD and other IDA Ireland executives joined members of the Theravance Biopharma board of directors and employees at the opening ceremony.
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