END OF YEAR STATEMENT 2015 - START INNOVATE SCALE ANTICIPATE - Driving Enterprise, Enterprise Ireland
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Driving Enterprise,
Delivering Jobs
END OF YEAR
Enterprise Ireland
STATEMENT 2015
End of Year Statement 2015
START
INNOVATE
SCALE
Start Innovate Scale Anticipate
ANTICIPATE
“We have seen the highest level of full time Job Creation in 2015 Increases in
jobs created, the lowest level of jobs lost TOTAL JOB CREATION employment
and the highest net increase in jobs in what in sectors
has been the best year for job creation in
Enterprise Ireland’s history.”
64%
OF NET NEW JOBS
Julie Sinnamon, Enterprise Ireland CEO WERE CREATED CONSTRUCTION,
OUTSIDE OF DUBLIN ENERGY
Record Year for
Job Creation INFORMATION,
for Enterprise COMMUNICATIONS
Ireland Supported & TECHNOLOGY
Companies NORTH
WEST
2%
NON-FOOD
MANUFACTURING
21,118 NORTH
EAST
8%
NEW JOBS CREATED IN TOTAL BY ENTERPRISE WEST
IRELAND SUPPORTED COMPANIES IN 2015 – HIGHEST
GAIN IN THE HISTORY OF ENTERPRISE IRELAND
5% MIDLANDS
6% DUBLIN
Key Performance
36%
MID WEST
Sectors
3%
MID EAST
10,169 12%
TECHNOLOGY
NET JOBS CREATED WHEN JOB LOSSES ARE TAKEN
INTO ACCOUNT SOUTH
EAST
11%
BUSINESS PROCESS
192,223
SOUTH OUTSOURCING
17%
PEOPLE EMPLOYED BY ENTERPRISE IRELAND
SUPPORTED IRISH COMPANIES AGRI TECH
Note that the % total employment figures are indicative of trends based on current
year total employment figures and are unadjusted.
Cover Images: Start – Founders Seán Fennell and Julie Currid of HPSU Initiafy. Innovate – Arralis has been awarded Horizon 2020 EU funding of over €1.1 million.
2
Scale – Feargal Murray, CEO of Hostelworld. Anticipate – Enterprise Ireland CEO, Julie Sinnamon, and Minister for Skills, Research and Innovation, Damien English, T.D.
START INNOVATE SCALE ANTICIPATE
WE ARE PROMOTING
500 86
INTERNATIONALISATION
Ireland as a
INVESTMENTS IN START-UP
COMPANIES WORKING WITH
R&D APPROVALS OF MORE THAN
€100K TO CLIENT COMPANIES
1,239 destination for
higher education
NEW AND SIGNIFICANT
THE 31 LOCAL ENTERPRISE THROUGH THE EDUCATION IN
CONTRACTS SECURED OVERSEAS
OFFICES (LEOS) IRELAND BRAND
(WITH EI ASSISTANCE)
€135m 45
105 SECURED IN HORIZON 2020 FUNDING
NEW FIRST TIME EXPORTERS TO
IN 2015, IRELAND
BECAME THE
875
HIGH POTENTIAL HIGH GROWTH MARKETS (> €25K)
START-UPS FUNDING
7th most popular
APPROVALS study abroad
428
COLLABORATIVE INNOVATIONS destination
BETWEEN INDUSTRY & THIRD LEVEL
FOR U.S STUDENTS.
112 NEW OVERSEAS PRESENCES
€35m
ESTABLISHED
COMPETITIVE START
1,064
FUND APPROVALS Ranked Number
NEW DAIRY PROCESSING 3 Globally for
TECHNOLOGY CENTRE Seed Investment
15
INTERNATIONAL BUYERS WERE
BY THE LEADING INTERNATIONAL
100
BROUGHT TO IRELAND BY ENTERPRISE
INVESTMENT PLATFORM PITCHBOOK
IRELAND AND 121 INTERNATIONAL
TRADE MISSIONS AND KNOWLEDGE
INVESTMENTS IN EVENTS WERE ORGANISED
INTERNATIONALLY
TECHNOLOGIES WITH
MOBILE START-UPS
MARKET POTENTIAL LICENCED TO COMPETITIVENESS & CAPABILITY WE HAVE A SPECIAL
COMPANIES IN IRELAND REMIT TO ATTRACT
61 1,000+ food-industry
FDI
INVESTMENTS IN NEW
START-UPS LED BY FEMALE
11 CEOS AND MANAGERS
PARTICIPATING IN
ENTERPRISE IRELAND’S
AND BROUGHT EDLONG
INGREDIENTS AND AMAZON
INVESTMENTS TO IRELAND
ENTREPRENEURS HPSUs FROM RESEARCH LEADERSHIP & MANAGEMENT
DEVELOPMENT PROGRAMMES
3
OUR CLIENTS ARE Enterprise Ireland supported companies created 21,118 new jobs in 2015,
resulting in a net increase of 10,169 in the number of people employed.
CREATING JOBS AND Overall direct employment in Enterprise Ireland client companies reached
WEALTH ACROSS IRELAND 192,223, of which 165,630 were full-time jobs and 26,593 other jobs.*
21,118 new jobs 10,169 employment
net increase in
Business Combilift, a manufacturer of Lifesciences
process specialist warehouse and logistics ICON plc, an Irish company
outsourcing equipment, is creating 200 new jobs providing development services to
in a €40m investment in Monaghan. life science players in 40 countries,
is establishing a global innovation
Newsweaver, a market leader
hub. This will create 200 jobs in
in internal communications
Limerick and Dublin, mining clinical
applications, is creating 60 new
Voxpro founders Linda and Dan Kiely
trials data for insights to speed and
jobs in its Cork HQ to support the
improve new drugs coming to the
Business process outsourcing (BPO) was expansion of its global customer
market.
one of our primary growth industries base.
in 2015, as Irish companies announced We are investing €1m in an
Genesis Automation is creating
hundreds of new jobs. This included 400 expansion by Perigord Premedia.
58 new jobs in Cork as it helps
by Voxpro in Cork and 200 by Waterford- The Dublin company has
NHS hospitals in the UK address
headquartered Eishtec in Clonmel. transformed from traditional label
inventory costs.
Internet of Things company
printing to provide outsourced
Asavie is creating 106 new artwork and label printing for
jobs in Dublin. Pictured: Staff
international life science players.
Dairy Kerry’s Global Technology and Innovation Centre in member Borja Guardiola and
Asavie CEO Ralph Shaw.
Newbridge is already employing over 800 and has
committed to 100 new hires in 2016.
Food Two new food Foreign Direct Investment companies brought
Glanbia has opened three new facilities Virginia, Co to Ireland: the US-based dairy flavour and ingredients player
Cavan; Ballyragget, Co Kilkenny and a €180m flagship Edlong Ingredients, and Amazon Investments, a Turkish
milk nutrition centre in Belview, Co Kilkenny. petfood producer.
Lakeland Dairies cut the sod on a €36m expansion of
its milk processing facilities, creating over 80 jobs in
Bailieboro, Co Cavan. Industrial
Tricel, headquartered in EPS has announced a
In the meat sector, ABP Food Group is investing Killarney, is creating 100 new €3m investment in a new
€50m and creating over 150 new jobs in Cahir, Co jobs providing composite water expertise design
Tipperary, and Glenhaven is creating over 100 jobs in Enterprise Minister Richard Bruton T.D. with
fabrication for the water and and manufacturing centre,
Alo Duffy Chairman of Lakeland Dairies and
Wicklow. construction markets. creating 50 jobs in Cork.
Group Chief Executive Michael Hanley
4
* Source: The Annual Employment Survey carried out by the Department of Jobs, Enterprise and Innovation
61 of our 15 105 ambitious
START investments are
in start-ups led
Internationally
Mobile Start-Ups
new High-Potential
Start-Ups (HPSUs)
by women
• We have backed a top tier of 105 ambitious new • We have been ranked Number 3 globally for • A new Competitive Start Fund (CSF) was
High-Potential Start-Ups (HPSUs) seed investment by the leading international launched to attract internationally mobile
investment platform PitchBook. start-ups - 15 approved
• Our Competitive Start Fund is investing up to
€50,000 each in 112 new early-stage businesses. • Our Centre of Excellence is working with the new • We have supported the launch of 6 Regional
network of 31 Local Enterprise Offices developing Action Plans for Jobs. The plans set out specific
• The second competitive call under our
a world-class ecosystem to provide rich and collaborative actions to make a real impact on
Seed & Venture Capital Scheme (2013 – 2018)
consistent quality support for small and micro regional jobs potential.
has made up to an additional €65m available for
start-ups throughout all regions in Ireland. • The Community Enterprise Initiative was
co-investment in seed funds.
• Approximately 500 Local Enterprise Office launched, with 118 applicants from all over the
start-ups have been funded. country applying for support from the €5m fund.
Supporting Female Entrepreneurs We supported Ireland’s Best Young
Entrepreneur 2015
24 year old James Foody has
Highest ever number of new
been named Ireland’s Best Young
food sector high-potential
Entrepreneur 2015, having co-
start-ups (HPSUs) at 8. This
founded Ayda, based in Glanmire
includes two new whiskey
and San Francisco. The Ayda mobile
projects: The Connacht
app is being designed to help
Whiskey Company, in Ballina,
women track fertility levels, and a
Co. Mayo, and the Boann
wearable fertility tracker solution is
Distillery, in Drogheda,
due to launch in mid-2016.
Co. Louth.
Largest start-up investment: Enterprise Minister Richard Bruton T.D. with
Ireland’s Best Young Entrepreneur 2015, James
the East Coast Bakehouse,
Foody, co-founder of Ayda
in Drogheda, starts
construction. This is set to €500,000 Enterprise Ireland
employ 100 people producing Competitive Start Fund to support
biscuits for the Irish and UK ambitious business women starting new nearForm, a leader in Node.js and microservices, announced plans to
markets in 2016. enterprises. create 100 jobs at its Waterford HQ.
5
Ireland’s €135m €12.4m
participation in these European research secured by 29
INNOVATE programmes is led
by Enterprise Ireland
funding awarded to Irish
companies and academics
Irish companies in
European Space
through Horizon 2020. Agency contracts.
• 86 R&D funding packages of over €100,000 • The €5 million Applied Research for Connected • We have backed 11 High Potential Start-Ups
are enabling companies to invest in the people, Health (ARCH) Technology Centre is enabling from research.
resources and facilities required to deliver clinical, engineering and IT researchers to
• 100 technologies with market potential were
ambitious research programmes. collaborate in delivering next-generation
transferred to companies.
healthcare solutions.
• A record 875 collaborative projects between
• The €20.6m Eolas campus incubation centre in
companies and higher education, ranging from • A new National Health Innovation Hub will
Maynooth University will support collaboration
small Innovation Voucher projects to potentially drive collaboration between the health system
with industry and spinouts from research.
transformative Innovation Partnerships, will provide and enterprise.
our clients with new commercial opportunities, cost • Over 2,200 users per month are accessing the
• Regional SME Innovation Leaders Networks
savings or improvements in innovative capability. Knowledge Transfer Ireland web portal – the
piloted in the west and southwest are enabling
first resource of its kind in Europe, as a single
• The new €35m Dairy Processing Technology SMEs to connect regionally for peer-to-peer
repository for all technology and expertise
Centre is positioning Ireland as a world leader in learning and to network with higher education
available from the national research system.
dairy innovation. The companies that are partners institutes.
in this new technology centre cumulatively process
85% of Ireland’s milk pool and produce €2.5bn in
exports annually.
PMD Solutions is to receive ENBIO is establishing
€4.2m in Horizon 2020 a €1.5m centre
Launching the
Government’s
funding to develop a of excellence in
Innovation new, wearable respiratory Clonmel to produce
2020 strategy,
monitoring device. The surface ‘sunscreen’
Enterprise
Ireland CEO, Julie funding will enable the Cork- treatments designed
Sinnamon, and
based SME to commercialise to protect vital parts
Minister for Skills,
Research and its RespiraSense product, of the European
Innovation, Damien providing advance warning Space Agency solar
English, T.D.
for general ward medical staff orbiter satellite when it
of a possible deterioration in launches in 2017.
patient condition.
6
1,239 428 122
SCALE new overseas
sales and
new overseas
presences
new international
reference customers for
significant contracts established high-potential start-ups
• Enterprise Ireland brought 1,064 international • The €490m Development Capital • Enterprise Ireland realised value through client company
buyers to Ireland, forging international Scheme is funding mid-sized, export- trade sales and investments, including Logentries, which
introductions for our clients with potential buyers, oriented businesses. was acquired by Rapid7.
sales partners and for research collaboration.
• Over 1,000 executives in more than • Other acquisitions included: 3V Technologies by
• 121 international trade and knowledge events, 500 companies have participated SafeCharge in UK; Duolog Technologies by ARM, the
including 18 trade missions to the UK, US, Dubai, in our leadership and management world’s largest smartphone chipmaker; Amartus by
Saudi Arabia, Qatar, Turkey, Central and Northern development programmes. Huawei, China; Aran Chemicals by Almac; Brown Bag Films
Europe, South Africa, China and India. by 9 Story Media Group; Creagh Medical by SurModics;
• Our Graduate for International Growth
Powervation by Rohm, Japan; Celtrak by Thermoking; and
• The inaugural Arab-Irish business forum. programme was recognised as ‘Best
Trustev by TransUnion.
Graduate Training & Development
• €50m in contracts secured on trade mission to
Programme’ at the gradireland Graduate • In 2015 Enterprise Ireland transferred a total of 25 clients
West Africa.
Recruitment Awards 2015. employing over 2,037 people to IDA Ireland as a result of
• 300 medtech buyers attended the MedInIreland mergers and acquisitions.
expo and over 1,000 client meetings took place.
• Four IDA clients employing 163 people transferred
to Enterprise Ireland as a result of the companies
transferring into Irish ownership.
Through the Education in Our clients are winning Cubic Telecom has
Ireland brand, Enterprise significant international secured €18m co-
Ireland promotes Ireland investments. Machine investment from Audi
as the overseas study vision specialist Electronics Venture
destination of choice for Movidius has raised GmbH and Qualcomm
higher education. In 2015, US$40m led by Incorporated (QCOM).
Ireland became the seventh Summit Bridge Capital. Separately, the Dublin
most popular study abroad company has announced
Hostelworld raised
destination for US students. a €1m deal with LeTV
€180m in an IPO on
Having risen from ninth place Announcing Enterprise Ireland’s 2015 programme of 121 international trade missions in China to roll out a
the Irish and London and events, Enterprise Minister Richard Bruton T.D.; Foreign Affairs Minister Charlie
in 2014, Ireland is the fastest Flanagan T.D., Mark Roden, ding* CEO and Julie Sinnamon, CEO Enterprise Ireland. new mobile phone data
stock exchanges in
growing destination of any The announcement took place at ding*, the world’s largest top-up provider, and an service for customers
November. innovative Irish company, which has benefited from trade missions and Enterprise
country in the top 10. Ireland support.
travelling outside China.
7
Fintech: a dynamic force for jobs and growth
ANTICIPATE
We are anticipating and acting on medium-term trends of opportunity and challenges
for our clients, by further sharpening our focus on high-growth markets and developing
market-driven technology road maps for key sectors.
In 2015, Enterprise Ireland brought strong insight
We have developed
on Irish-owned businesses innovating and winning
specific end-market
business in world markets to five national strategies
clusters for disruptive
FoodWise 2025 industries, including
The online currency exchange service CurrencyFair has become the first platform
globally to break the $1bn barrier in money-matching transfers. International Financial Services the Internet of
Strategy 2020 Things, LED lighting,
Fintech is emerging as one of the most disruptive sectors microelectronics,
in ICT. Seven high-potential start-ups supported in 2015 Action Plan for Jobs
automotives and
are targeting the technology for financial services (fintech) Enterprise 2025 aviation.
market, addressing banking challenges like compliance and
responding to the disintermediation trend with peer-to-
Innovation 2020
peer platforms.
Our existing fintech clients are in expansion mode. Brite:Bill,
Collaborating with
the Dublin based billing communications platform provider,
the Design and Craft
is creating 100 new jobs on the back of recent major multi-
Council of Ireland, our
million dollar contract wins in North America.
enterprise-focused
Blue Insurance Ltd is to create 100 new jobs as it broadens programme is geared
its personal insurances lines and expands internationally. towards supporting a
next generation of start-
Payback Loyalty is to double its workforce with 28 new jobs
ups led by designers,
in a €2.5 million expansion in Limerick.
promoting Irish design
Fintech companies are also raising significant funding. in overseas markets and
Fenergo, which develops client lifecycle management highlighting design as a
solutions, has secured a US$75m investment from New market differentiator for
York-based Insight Venture Partners. our clients.
CurrencyFair has raised €10m in its latest funding round. L-R: Stephen Hughes, Manager, Enterprise Ireland; Karen Hennessy, CEO, Irish
Design 2015 (ID2015); Minister for Business and Employment, Ged Nash, T.D.
Enterprise Ireland, The Plaza, East Point Business Park, Dublin 3 Co-funded by the Irish
Government and the
Tel (01) 727 2000 Fax (01) 727 2020 www.enterprise-ireland.com European Union.
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