The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
16 Acre Development to Help Power Lilly Plant in Kinsale with Sustainable Energy
Charles River partnering with AstraZeneca for batch release testing of their COVID-19 Vaccine
Expansion to facilitate creation of 90 new, high-skilled jobs
Dublin hub joins Strava offices in San Francisco, Denver, and Bristol, UK as the rapidly growing social platform for athletes continues to expand.
● Notion, a new kind of digital collaboration and workplace tool, has chosen Dublin as its EMEA headquarters after its team saw explosive growth during the pandemic
● Notion is initially looking to grow its Dublin team to a headcount of 25 and plans for its presence to become a major international hub in line with strong growth in the region
Investment flow strong in first half of Year - IDA IRELAND
First half of 2021 shows Investments and Jobs approvals significantly up on 2020 and close to 2019 levels
Ireland gains market share in Europe in 2020 despite falls in Greenfield investment to Europe
60 roles across data science and analysis in Global Data and Risk Management Centre will provide data-driven insights to clients globally
Canadian tech company chose Mountrath as home to its European HQ
Bio-Techne Corporation (NASDAQ:TECH) today announced the opening of its new Ireland facility located in Dublin. This new facility reflects Bio-Techne’s commitment to supporting the broader life sciences industry in Europe as well as expectations for continued growth and staffing needs in this geography.
Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced plans to fill 100 new highly-skilled engineering positions in Ireland to support its global ultra-wideband (UWB) product research and development in Dublin and Cork. Qorvo expects to fill engineering positions over the next two years that span UWB radio system architecture and modelling, transceiver and baseband designs, power management, system on chip (SoC) integration, embedded software, physical design and IC characterization.
3M, the science-based global technology company, has announced that it is to establish a new research and development technical centre in Dublin – called the 3M Digital Science Community – with the anticipated creation of more than 100 new jobs over the next two to three years.
Majority of roles to be based in Cork and wider Munster area
Expanding the innovation capability at the Accenture Labs to include quantum computing
Adding new roles at The Dock, Accenture’s flagship R&D and Innovation Centre
Brookfield, Wis. and Nenagh, Ireland, June 23, 2021 – Fiserv Inc. (NASDAQ: FISV) a leading global provider of payments and financial services technology solutions, today announced that it will expand its research and development operations in Nenagh, County Tipperary, Ireland, adding 200 jobs over the next three years as the company responds to growing demand for digital solutions among its clients and consumers.
Moonshot, the Irish co-founded data analytics company which designs new technology and methodologies to identify and mitigate online harms such as terrorisim and organised crime, today announced that it is establishing a Software Development Centre in Dublin creating 37 new roles over the next three years, with recruitment starting immediately.
Co-developed with Galway Mayo Institute of Technology, the BEng in Automation and Robotics brings essential skills to the community and includes design of a 3D manufacturing robotics automation training centre at the Thermo King Galway plant.
TripActions, the leading, cloud-based travel and spend management platform, today announced the opening of a dedicated sales hub in Dublin, Ireland. The new office location joins TripActions sales hubs in London and Amsterdam, as well as Reed & Mackay sales offices, following the acquisition last month. Located in Dublin City Centre, the office will be a dedicated sales office that will serve international clientele with support in multiple languages.
• Supporting leadership teams in Irish-based FDI subsidiaries to enhance their influence, impact and value to their global organisation
• Since the programme's inception, 25 IDA-supported client companies have participated
• Face-to-face launch event set for October
Global Security and Compliance Solutions Provider establishes EMEA Business HQ in Galway
More than 330 virtual meetings scheduled between Irish exporters and multinational companies
Firm boosts presence outside US by creating full-service site in city centre with 35 jobs
The COVID-19 Response Guide outlines IDA’s approach to the crisis and consolidates relevant information and supports available across government departments.
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.
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.
Everything you need to know about investing in Ireland in 2019 including information on economy, talent, tax, commercial property and more.
A new frontier for medtech is nanotechnology, which includes the thinnest material in existence, graphene, at one atom thick. Too small to be seen with the naked eye or even with conventional lab microscopes, nanomaterials are being used in some remarkable ways, such as ultra-small gold nanoparticles for tumor visualization and bio-imaging, a nanoparticle that can mimic HDLs -- the body's ‘good cholesterol’ -- and shrink plaque, and even minuscule particles that can replace needles to improve vaccine delivery, including for Covid-19.
When the pandemic began, many organizations in Ireland were ready for full remote-work operations. That’s because they had already implemented remote-work policies years earlier—to great success. It’s becoming clear that today’s dynamic companies will need to improve their remote operating capacity. They will have to lean into best practices for achieving connectivity, provide upward-mobility opportunities for their employees, and use the best technology to remain competitive in the global fight for talent.
For leaders now looking to build thriving remote-first teams, Irish organizations that had already incorporated their remote-work plans before the pandemic offer three important lessons they’ve learned over the years.
Last fall enormous 60+ foot waves crested the coast of Sligo on the West Coast of Ireland, creating stunning scenes and enticing surfers out into the water. A photo of one surfer balancing on enormous waves surging toward the shores that caught international attention provided a reminder of what's possible when conditions are just right.
Having left on a flight from Dublin Airport headed to JFK Airport in September to take up my new role running IDA Irelands U.S. operation, I knew that New York would look different but it was still a bit unreal to see the normally bustling terminals so quiet, streets so sparsely populated and even the taxi drivers subdued. It was abundantly clear that this job I had been looking forward to would be profoundly changed -- as was most of the world -- as a result of the pandemic that had impacted so much.
Cell and Gene Therapy (CGT) is a major breakthrough in medical science. The human genome was sequenced only 16 years ago, yet the website Centerwatch reports that the U.S. Food and Drug Administration expects to receive some 200 gene and cell therapy investigational drug applications in the next two years. According to the National Cell Manufacturing Consortium, this space will grow at an annual rate of more than 40% in the next 10 years. CGT companies are finding robust, repeatable and scalable ways to manufacture these life-saving products and tests to ensure they are safe and effective therapies. Today, as demand exceeds supply, finding the right talent is key to evolving and expanding this exciting, life-changing industry.
The Covid-19 pandemic has impacted the world in various ways but one unexpected result has been hastening the movement toward Industry 4.0, also called lights-out manufacturing, in the biopharmaceutical and med-tech industries.
When your business is growing and it’s time to expand overseas to Europe, deciding on the best location typically requires executive teams to hop on a plane for in-person site visits. In the 40 years that IDA Ireland has had an office in Silicon Valley, there has never been a time when it was not practical for prospective clients to travel to Ireland - until now.
COVID19 has led to a surge in the consumption of digital content. With the strain on US domestic studio space, Ireland has emerged as a stong hub for US content creators.
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.
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.
In a recent report published by Accenture, entitled Does Digital leadership in Banking really matter?, links were established between the digital maturity of a bank and its market valuation. The essence of the argument is that banks who successfully digitalise their data enjoy greater efficiencies that lead to lower costs as a percentage of revenue, which leads to a higher market valuation. Increasingly, banks and other financial services firms are turning to blockchain technology as a means of storing and transferring data in order to increase transparency, lower costs and accelerate the speed at which it is transferred.
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.
In the restaurant business, technology is fast becoming key to delivering superior service for customers, and this has propelled Boston-based Toast to revenue growth of 148 per cent during 2018.
Every company that wants to grow will reach a point where it needs to expand into new markets. Doing it right means setting up operations closer to those customers.
It’s a big step, but it’s one that many others have taken before. For this blog, we spoke to senior leaders at leading tech companies that expanded into Ireland. They shared their advice on getting a fast and frictionless start, with five practical tips for others planning to grow their business internationally.
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.
Even by the hyper-growth standards of the technology industry, Park Place Technologies stands out for its rapid recent rise. Last year, the company had its sixth successive ranking on the Inc. 5000 list of the USA’s fastest-growing private companies. In the past 18 months, it closed 10 acquisitions spanning Latin America, Asia and Europe.
The mission of IDA Ireland has been constant, since its foundation by the government of the day in 1949—to promote the growth and development of industry in Ireland. In the early years of the Irish Republic, the economy was inward-looking, with high tariffs on imported goods, a strategic focus on indigenous industry and limited export trade.
What’s happening in Sligo right now proves that it’s possible to achieve work-life balance without compromising on a career. That’s what more than 320 people discovered on the journey there by train from Connolly Station Dublin to a careers fair dubbed ‘Tech on the Wild Atlantic Way’.
ILC Dover, a global leader in flexible containment solutions for the pharmaceutical and biopharmaceutical industry today announced it is expanding its Irish production footprint by opening a location in Blarney, County Cork, Ireland creating up to 70 jobs over two years.
Biotechnology company Regeneron had two reasons to be cheerful after the inaugural Invest in Ireland Awards in October. The company came away with the Grand Prix and also won the ‘Excellence in Regional Investment’ category. The recognition follows five years of expansion in Ireland since the company first announced its presence here in 2013.
The impending exit of the UK from the European Union has set off deep ripples that are being felt in many directions. With less than 6 months to go until Brexit; it’s looking like it could mean potential disruption for US Tech companies doing business in the EU in 2019. Despite the current Brexit anxiety and changing political situation, US firms still need to craft a game plan for whatever the relationship between the EU and UK will look like in 2019 and beyond. With that in mind, here are some key issues to consider for U.S. companies that are worried about their European business in 2019.
The 29th of March next year is a critical date for U.S. biotech companies because business as usual disappears in Europe as a result of Brexit. Long a favored location for manufacturing and selling pharmaceuticals and devices across Europe, the United Kingdom will no longer be part of the EU and so free trade across Europe will change. American firms with UK operations should have already devised a post-Brexit strategy and begun implementing it given the fact that the changeover is just a few months away.
The Invest in Ireland Awards took place last week at a gala ceremony in the Mansion House in Dublin. The inaugural event honoured some of the most prominent names in Ireland’s foreign direct investment sector.
The global investment climate is in flux right now with investors looking to locate in jurisdictions that can offer them stability across the policy and regulatory and talent worlds.
Technical recruiters are living out the famous Charles Dickens line, "It was the best of times, it was the worst of times." The United States is now nine years into the second-longest economic upswing in history and business is booming but at the same time, finding qualified tech workers has become a virtual Mount Everest achievement, leading to poaching wars, relentless job-hopping, unfilled positions and angst in executive suites. This is coupled by a mounting challenge, the H1-B lottery and slow green card processing are all discouraging candidates. A recent survey of over 3,000 technology leaders by KPMG revealed that 65 percent believe hiring challenges are hurting their business, up from 59 percent who thought so in the previous year's survey.
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