ENTERPRISE IRELAND Where innovation means business

Agenda

• About Enterprise Ireland

• The importance of the Software Sector

– Cloud Technology

• Technology Centres

• DCU – a key strategic partner

• Priorities for Enterprise Ireland

• Working together to seize the opportunity

About Enterprise Ireland

Our mission

We help innovative

Irish companies become

leading global players

in markets worldwide

We connect global

customers

to Irish suppliers

of game-changing

technology

Our Global Teams

Help to open doors of opportunity

For Irish companies to global customers

Exports of Enterprise Ireland Clients

Partnering with Irish industry

How we help

Connecting innovative Irish

companies to global customers

Investing €87 million in science

and technology infrastructure

and research

Introducing investors to

expanding companies

Supporting in-company research and innovation

We fund expansions

Accessing Government grants and

financial supports

Managing €64 million Enterprise Ireland

equity and venture capital fund

Connecting businesses to €645 million

in managed seed, venture capital and

angel investor funds

We support company development

Supporting entrepreneurship throughout Ireland

Building management capabilities

and strengths

Investing €27 million in management and

leadership programmes for clients

Providing mentoring and

developing networks

Key Sectors of Strength

•Food

•Software

•Cleantech

•Lifesciences

•Digital Media

•eLearning

•Telecommunications

•Manufacturing

•Engineering

•Construction

•Healthcare

•Financial Services

•Electronics

•Paper Print and Packaging

•Education

The Software Sector

EI Software Portfolio

• # Clients: 640 (18% of EI portfolio)

• Employment:

– 11,376 Full Time Jobs (8% of EI assisted jobs)

– 18,685 jobs anticipated by 2020

– grew year on year throughout the recession

• Export Intensive Sector: Sales €1.72bn & Exports €1.03bn.

• Growth: Double digit growth in 2012.

• Start-ups: single biggest source of start ups – 63% of 2012

HPSUs were internet based

A paradigm shift

• The emergence of a ‘Third Platform’ driven by mobile devices,

cloud services, social technologies and Big Data.

• Cloud and Mobile will be the defining technologies of the

decade with the user interface through Smart devices and data

analytics.

• New internet-based business models will predominate e.g.

aggregation, social business models.

Importance of Cloud Computing

• Cloud is an enabling technology across industry sectors e.g.

Food sector and cloud technology

• Companies must ‘embrace cloud’ to remain competitive

• Growth in ICT services sector is reliant on the internet and

cloud

• Cloud is at the centre of much of the employment creation in

the ICT services sector.

• Skills gap - the industry is growing faster than the availability of

a cloud-educated workforce. Universities have a role to play in

producing graduates to meet this need.

Technology Centres

Technology Centres

• Ireland’s largest initiative to support industry-led research,

development and innovation, to:

accelerate exploitation of new technologies

bridge the gap between research and commercialisation

introduce companies to research expertise in HEIs

generate innovative technologies

new sources of industrial growth and job creation in Ireland

• 4 out of 14 Technology Centres relate to software

Cloud Technology Centres

• A resource for new starts, SMEs and large corporations

• Accelerate the rate at which they innovate and consume cloud

products through:

– Research support

– Knowledge dissemination (conferences, workshops etc.

– Networking

– Collective problem-solving

• Address ‘business’ cloud issues through leveraging the

business research and knowledge at the participating 3rd level

institutions

-

DCU a Strategic Partner

DCU a Key Strategic Partner

• ‘Ireland’s university of enterprise’

• Management Development

• Entrepreneurship Development

Initatives

– Females

– Spin-outs

• International Education

• Technology Centres

Priorities for EI

• Drive entrepreneurship

– ‘Spin-outs’ HPSUs

– Female entrepreneurship participation

– Youth Entreprenuership Initiatives

• ROI on Government commitments under R&I

– Stream of quality talent

– Number of Technology Licences

– Spin-outs

– Usage of Technology Centres

• Sector Development - ensure all industry sectors benefit from use of Cloud Technology

Seize the opportunity

• New software companies

• Drive transition into companies of scale

• Maximise use of Technology Centres

• Profile Irish software companies as exciting places to work, so

that they can attract the best talent.

• Target and encourage under represented groups – especially

females - to choose ICT as a career

• Tap-into the creative ideas and creative minds within the sector

– for innovative programmes and initiatives – to the benefit of

the wider business sector in Ireland and to support economic

growth

• Tell stories of how Irish software enhances the lives of ordinary

people – all over the world – every day

Thank you

Julie Sinnamon

CEO

Enterprise Ireland