|[March 11, 2014]
Enterprise Ireland Shines a Spotlight on the Country's Thriving Entrepreneurial Ecosystem
DUBLIN & BOSTON --(Business Wire)--
As the world prepares to celebrate St. Patrick's Day, Enterprise
Ireland, a government agency helping startups find the path to
success, today announced key statistics that highlight a dynamic and
thriving startup culture in Ireland. Government and venture capital
funding, tax incentives, robust research environment and a highly
skilled workforce are just a few reasons why Ireland has emerged as a
strategic destination for US startups.
"Ireland continues to represent a prosperous ecosystem for tech and
biotech startups. We're constantly working to foster and mentor startup
leaders in Ireland and beyond," said Naghmeh Reilly Senior Marketing
Executive for Enterprise Ireland. "While giants like HP, Facebook (News - Alert),
Citibank, Pfizer and Google have already recognized the benefits of
having a presence in Ireland, we're looking to appeal to US startups
that are interested to HQ their business in Ireland and run an
international business from here. We've had tremendous success so far as
evidenced by our 2013 startup numbers, and we're confident that with our
networking, higher education and tax incentives, more entrepreneurs will
join our thriving innovation exchange."
Classified as High
Potential Start Up (HPSU) companies and supported by Enterprise
Ireland, the 2013 class of 188 companies represent markets ranging from
software and services to clean tech and medical devices. In 2013, there
was a significant increase in female-led investments, up from 16 in 2012
to 41 in 2013. Over the past year, 188 HPSUs received investments from
Enterprise Ireland (News - Alert) - 10 percent of which were developed by overseas
"When we were ready to choose our location, we explored a lot of
options, but Ireland made the most sense," said Joe Marks, an American
co-founder of Upfront Analytics, a startup from the HPSU class of
2013. "The key element for us was the availability of top-notch talent -
Irish universities produce lots of great graduates in the relevant
disciplines for our business. The various tax incentives and the active
support of government bodies like Enterprise Ireland also helped.
Starting with just the two of us in April 2012, we have grown to a
12-person company and look forward to doubling the size of the team in
the next year."
Ireland is rated highly among European countries for entrepreneurial
activity. In 2013, it was ranked by Forbes as the best country to
do business, and the most entrepreneurial country by the Wall Street
Enterprise Ireland has more than 30 offices throughout the world, with
an extensive network in the United States, including locations in
Boston, New York, Austin and Palo Alto (News - Alert). For more information about
Enterprise Ireland, please visit www.startinireland.com.
About Enterprise Ireland
Enterprise Ireland is the government agency responsible for the
development and internationalization of Irish enterprises. Its main aim
is to boost exports and export-led jobs. Enterprise Ireland has 32
offices worldwide to help Irish firms develop overseas markets.
Each year, Enterprise Ireland organizes a series of targeted
international trade missions, market visits, participation in
international trade fairs and a large number of international buyer
visits to Ireland focused on assisting Irish firms target and secure
international contracts and overseas partners. Enterprise Ireland works
directly with Irish firms to help them start up, develop their
businesses, build competitiveness and innovate.
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