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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Patreon, the membership and payment platform for independent artists and their fans, today announced that it is expanding its international footprint with the addition of an office in Dublin, Ireland. The new Dublin office will serve as the company’s European headquarters.
As Brexit approaches, uncertainty continues to surround the potential exit of the United Kingdom from the European Union. While there are far reaching implications, taxes and trading systems are just two considerations that will impact American chip and system engineers and their employers. The situation is complex and becomes more challenging as each day passes. Strong trade bonds tie Europe and the US - data from the Office of the U.S. Trade Representative shows that the EU/US bilateral trade flow is the biggest in the world, far bigger than that between the US and China. In 2018, the U.S. imported $683.9 billion of EU goods compared with $557.9 imported from China. U.S. exports reached $574.5 billion to Europe while only $179.2 billion was imported to China. Trade with the UK is significant, the U.S. accounted for 19% of U.K. exports and 11% of imports.
E-commerce and technology leader Overstock.com, Inc. (NASDAQ:OSTK) has opened its new European base in the IDA’s flagship North West business park in Sligo, and revealed it is on track to make its 100th Irish hire before year end.
Liberty Insurance today announced plans to expand its operations in Cavan, creating up to 120 roles over the next three years. The effort is supported by the Irish Government through IDA Ireland.
DUBLIN, Ireland – October 7, 2019 – Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and systems for the IoT, announced it is engaging with the European Space Agency (ESA) through the agency’s ARTES Competitiveness and Growth (C&G) program to develop technologies for next-generation mobile satellite communications.
Ringaskiddy, Co. Cork, Ireland, October 7, 2019 - Janssen Sciences Ireland UC, part of the Johnson & Johnson family of companies, today officially opened its new manufacturing building in Ringaskiddy, Co. Cork. The company has operated a biopharmaceutical supply chain facility on its 40-hectare site in Ringaskiddy since 2005.
Elavon has today unveiled its new, renovated Arklow office which underwent an extensive refurbishment. The redesigned facility supports the growth of Elavon, an innovative payments company and key employer in County Wicklow.
An Taoiseach Leo Varadkar TD on Friday last performed the official opening of Fort Wayne Metals new 45,000 sq. ft. manufacturing facility which will lead to the creation of up to 80 new jobs over five years.
Nitro, a global company specialising in document productivity solutions, today announced the opening of a new EMEA headquarters in Dublin. Centrally located along the banks of the Grand Canal in Dublin 2, the larger office space spans over two floors at Charlemont Place and sets Nitro up for its next stage of growth in the region.
Security Risk Advisors (SRA), the Pennsylvania-based cyber security consulting company, today announced that it is establishing a European Headquarters and Security Operations Centre (SOC) in Kilkenny. 52 jobs will be created over the next five years.
ClickDimensions, the leading marketing technology and services provider for Microsoft Dynamics 365, today announced the official opening of its new European Customer Operations Centre of Excellence in Cork, Ireland. ClickDimensions CEO Mike Dickerson and other company executives will be joined by guest of honour Minister of State David Stanton TD, IDA Ireland executives, and members of the local government and business community to celebrate the opening at a ceremony in the new office on 10 South Mall today.
DMS Governance (DMS), a global governance, risk and compliance (GRC) company is to substantially increase its Ireland-based workforce by creating an additional 50 roles in Cashel, Tipperary.
Friday, September 13th, Dublin – Hermes Investment Management (Hermes) today celebrates the opening of its new office in Dublin, with the creation of 11 new financial services roles.
September 13th 2019, Waterford - Emerald Contact Centre, the customer care and sales support provider for a range of global financial, health and travel publications, today announced 200 additional jobs to be filled over three years.
Extreme Networks, a software-driven networking company, announced today that it will invest 3 million Euro to expand its R&D programme in Shannon, Ireland. The investment will create 20 new jobs in engineering, data science, and software engineering over the next two years, with the Irish government providing additional funding in the form of a research, development, and innovation grant worth over 500,000 Euro.
AB Agri Ltd, the agricultural division of Associated British Foods (ABF) group which operates in the retail, food and agriculture sectors, is to establish a Technology Centre in Kilkenny, creating up to 50 new roles over five years.
Today, Deutsche Börse Group and its post-trade services provider Clearstream celebrated the official inauguration of their new office at Navigation Square in Cork, Ireland. The expansion shows that Cork has become a vital and successful hub for the investment funds operations and one of the major locations for Clearstream.
Xperi Corporation, a Silicon Valley based, publicly traded technology company with two subsidiaries in Ireland – FotoNation in Galway and DTS in Limerick – celebrated the official opening of its new FotoNation office in Galway, Ireland. Through an increased commitment to research and development (R&D) investment in Ireland, Xperi’s DTS subsidiary plans to establish an innovation hub at its new Galway location. In addition, the Company is also working to expand its local engineering talent around high-potential growth initiatives, including premium audio, computational imaging, computer vision, and machine learning capabilities, just to name a few.
Jacobs announced 200 new jobs for Ireland over the coming two years, as it unveiled a €4.5million investment in their office in Cork. The company, which provides end-to-end solutions for infrastructure, biotechnology, pharmaceuticals, semi-conductor, data centres and manufacturing clients, plans to fill the positions in Dublin, Cork and Belfast.
eBay is set to bring jobs directly to Ireland’s North East and North West locations as it seeks out new talent for its eBay@Home programme.
ActiveCampaign today announced the opening of its Dublin office, establishing a headquarters for the company in Europe, to support its growing customer base on the continent. The company expects its Dublin presence to expand to more than 200 employees. Initial hires will focus on support, sales, customer success, and marketing.
Opus Fund Services, an award winning independent, privately owned global fund administrator headquartered in Bermuda, announced today it plans to open a second office in Ireland, locating in Enniscorthy, Co. Wexford, with the creation of 100 jobs over five years.
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