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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Boston Scientific Galway has officially opened a new facility at its Ballybrit site. The expansion facilitates increased capacity to support global product demand and also includes an industry-leading Equipment Technology Centre. The new facility is at the site of the former Digital building and the company is investing €60M in this phase of development, with over 250 people expected to be based in the new facility by the end of 2019. Boston Scientific Galway has a workforce of over 3,700 people covering all aspects of product design & manufacturing exporting more than four million life saving medical devices each year.
IDA Ireland, the inward investment agency of the Irish Government has today reported a very strong first half of 2019 with 13,500 jobs approved – up 19% on the same time period last year.
LinkedIn, the world’s largest professional social network, has marked the milestone of growing its Irish membership to two million people by announcing that it is creating 800 new jobs which will bring its headcount at its Europe, Middle East, Africa (EMEA) HQ in Wilton Place in Dublin to 2,000 people by summer next year. The expansion is a result of ongoing growth of its business.
BD (Becton, Dickinson and Company), a leading global medical technology company, celebrated its 50th anniversary of manufacturing in its Dún Laoghaire plant.
The celebration was led by Minister of State for Higher Education and Dún Laoghaire TD, Mary Mitchell O’Connor, and senior leaders from BD and IDA Ireland. Opened in 1969, the site is central to the company’s global pen needle manufacturing operations, with more than 5 billion needles manufactured annually in Dún Laoghaire.
Stryker today announced that it is to invest over €200m in Research, Development and Innovation (RD&I) projects at three of its five Cork facilities as it continues its vigorous innovation journey to deliver next generation products and services across its Medical Surgical, Orthopaedics and Neurotechnology and Spine offerings.
Wix.com Ltd. (NASDAQ: WIX), a leading cloud-based web development platform, has added a Customer Support Centre in Dublin, Ireland to further enhance its global support infrastructure and international footprint.
Opus Fund Services today announced the official launch of its European fund administration business based in Dublin, Ireland. This follows a comprehensive application process resulting in authorisation by the Central Bank of Ireland under the Investment Intermediaries Act.
Launched in 2006, the Opus proprietary based technology offering continues to gain rapid traction. To date it has focused on the US market, adding 183 new funds across 133 new clients in 2018 alone.
Deem, a leading mobile and cloud software technology provider, today announced that it will create 50 highly skilled jobs at a new European Innovation Centre in Dublin. Deem’s expansion into Europe is part of a bold growth strategy that will see the company doubling its workforce around the world, including at its headquarters in San Francisco.
QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies announced today that it will expand its operations in Ireland and expects to create up to 40 new jobs between its Limerick and Dublin offices over the next three years, bringing the total number employed by QAD in Ireland to over 140. The development is supported by the Irish Government through IDA Ireland.
Allstate Sales Group Inc. (ASG), a provider of turnkey engineering and construction services to the telecommunications industry today announced it is to establish software development and CAD support centres in Ireland, at locations in Waterford and Sligo, creating 200 new jobs over the three years. It is the company’s first operations outside the US.
IDA IRELAND has launched a new report detailing the extent to which 5,000 jobs in the Customer Experience (Cx) sector in Ireland will be affected by technological and generational forces over the coming years.
Today marks the official launch of the Irish Cyber Security Cluster, Cyber Ireland, which took place at Cork County Hall and was officiated by Minister David Stanton. The Cyber Security cluster organisation, which is backed by IDA Ireland, brings together industry, academia and government to represent the needs of the sector and aims to enhance the innovation, growth and competitiveness of the companies and organisations in this nationwide cluster.
Tánaiste & Minister for Foreign Affairs & Trade Simon Coveney TD today announced that data management and regtech specialist RIMES has established a new office at City Gate, Mahon, Cork, Ireland.
Today, Minister for Business, Enterprise and Innovation, Heather Humphreys T.D., visited Pfizer Ringaskiddy almost 50 years to the day the company first came to Ireland. During her visit, the Minister recognised the significance of this anniversary and the substantial investment of Pfizer in Ireland over the last five decades. The Minister toured part of the large-scale manufacturing site, visiting the New Product Technology Lab, a state of the art $30 Million facility. The visit is part of a series of events to celebrate the company’s 50th anniversary in Ireland.
In late May, Ireland will become a hive of blockchain activity. Over seven days, events will bring together entrepreneurs, developers, corporate leaders, regulators and government services for a series of talks, workshops, networking opportunities, a hackathon, culminating in a meeting of the ISO TC307 group that will discuss standards around the emerging technology.
Chairman Emeritus of DLA Piper Senator George Mitchell officially launches the Irish office of the global law firm today. The Irish office of DLA Piper, which is led by Country Managing Partner David Carthy, has already made a number of significant partner hires and will continue to boost the practice to a team of up to 100 high calibre lawyers and business professionals over the coming years. As part of the activity to mark the launch, Senator Mitchell met with Minister for Justice and Equality, Charlie Flanagan TD to discuss Ireland’s potential as a global centre for legal services post-Brexit.
Dublin, 15 May 2019 - TD Securities is delighted to announce the official opening of its new office in Dublin, located at One Molesworth Street. Minister for Finance, Paschal Donohoe, T.D., joined TD Securities’ CEO, Bob Dorrance, and IDA Ireland CEO, Martin Shanahan, at the official opening ceremony yesterday.
Today, we are excited to officially announce that Reddit is opening its first international office in Dublin, Ireland (and yes, we’re hiring!).
JRI America, Inc. today announced it is to further expand its Technology Centre in Tralee, Co. Kerry, creating 100 new jobs over five years.
The Knot Worldwide, the largest global wedding planning company, today announced it will establish an Operations Centre in Galway, creating circa 100 job opportunities over the next few years. The project is supported by the Irish Government through IDA Ireland.
Global life-science innovation leader, Allergan, which is headquartered in Ireland and operates four facilities here, has announced a €65 million capital investment programme for 2019 to facilitate the continued expansion of the company’s state-of-the art laboratories and manufacturing campuses at Westport in County Mayo and Clonshaugh in north Dublin. The Westport facility has created 63 new highly skilled jobs, bringing total employment in Ireland to more than 2,000 across the country. One in ten employees in Allergan’s global workforce is based in Ireland.
EcoOnline today announced the official opening of a new 7,000 square ft office in Limerick, doubling its office space in an ongoing commitment to innovation and growth in the Irish and UK market.
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