I lab ida value proposition - md - state street - 10 jan 2014

Presentation by: Mark Durkin

DRAFT

Ireland.Innovation delivered.

Ireland.Innovation delivered.

Contents

• New service proposition - IDA collective

• Competitive landscape – IDA, our clients

• Anticipate & innovate

• The investors perspective

• Client conversion – solution, approach, examples

• Delivering against Horizon 2020

• London

• Q&A

Collective Opportunity

Opportunity for IDA collectively

Cross divisional

value proposition

Maximise existing and target client conversion

Abstracts the

complexity of investing in Ireland

Simplifies the decision

making

Optimised for client on

boarding

Global Competitive Landscape

Increased competition Increased regulation

Competitive advantage erosion Agile new entrants

Access global markets Mobile Apps / Web tech

Paradigm shift

Traditional companies – innovate Speed to market is key

Gain CA – Innovation

iPhone – early adapters Mainstream

Lead by example

Traditional business models reengineered

New delivery channels identified – global reach

Lean & Mean

- Post Financial State Aid - Future proof our offering - Today, tomorrow, beyond

- Anticipate, influence

IDA – T+1825 - Anticipate

is not about doing things right…

its about doing the right things…

Innovation

Innovation

is not about doing things right

its about doing the right things

To remain relevant

To survive

To reinvent

To develop a CA

Why?

The Irish “Crowd”… where the world works

7

8

We live in an Era of Change...

9

The contribution of intangible assets (eg patents, brands, software, etc) to Company Value

10

11

Perhaps the most significant change.......get ready....

Financial Services Technology “IFSC&ICT”Innovation Incubator platform is great,but it is a “one shot” event.

Need to create a Global platform which can constantly bring Irish innovators, freelancers, solvers together

to address complex industry needs

How to ensure a constant stream of Irish innovation for Global companies ?

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13

Innovation happens Beyond the Four Walls

The Investors Perspective

Risk Unknowns

Challenges Competition

Internal Competition

Resources (HR)

Concerns

Success / career development

Positives Talent

Track record

Tax rate

Education

skills

For good projects / funding

Property

Invest Champion

Help to Convert Targets

Start small – grow

Ireland Inc. proof the concept

Beach-Head strategy

Cros

sing

the

Chas

m Support infrastructure –

Packaged solutions

Need to help our clients convert

Differentiator

Sweet spot

Google at the start – Google today

PayPal at the start – PayPal today

The value proposition is Ireland Lab (iLab)

Crossing the Chasm – The Solution

- iLab makes easy the complexity of investment - By simplifying the decision making process- Transforming established barriers to investment

Landing platform, launch pad / external RDI expansion option fostering open innovation / collaborative

Crossing the Chasm – The Solution

iLab methodology

Competition

Risk

Resources

Configurable solution for emerging

Configurable solution for established

iLab is a configurable solution that mitigates investor risk

The Chasm

Invest Champion

The New Approach – Agile

Ireland Lab

Programme Initiatives

Mobilise & Accelerate

IDA Ireland conduit –

ecosystem of support

Rapid on-boarding

Make the invest decision easier

Cross the Chasm

Remove / mitigate the risk

Configurable solutions for

emerging

Configurable solutions for established

Implementation

Rapid mobilisation & accelerate to

market

iLab

iLab – Support Programmes

Accelerator Programme

- Rapid client on boarding &

Mobilisation

IDA SSC

- Tax Credits- Work Permits - CBI Applications- Grant Support

Incubator Environment

- Open Innovation- Collaboration- Agile Teams

Sector Support

- Ideation- Collaboration- Platform Tools:

Crowdsourcing

iLab – A Complete Solution

iLAB Conferences Showcasing “Why Ireland” for Financial & Banking Technology

iLab – Sector Support Examples

Why Ireland for Investment

• We take the uncertainty out of the investment decision and allow Ireland Inc. the opportunity to answer the questions “Why Ireland”

• iLab allows us to better connect with our clients

• Make the decision to invest – easy and seamless

• Support the “Invest Champion” to realisation

Why Ireland for Investment

• Expert team • Mobilised • Delivering - project plans• Producing tangible results• Proving the concept

“Why Ireland”

Sustainable

iLab – Helping Deliver – Horizon 2020

Joanna Shields, CEO to Tech City UK, the British government organisation charged with trumpeting startups in London: “Fin-tech is a lucrative and exciting growth market

Now in its second year, the London Lab is run by Accenture in collaboration with a group of the UK’s leading financial service institutions, angel investors and venture capital firms.

It’s also supported by the Mayor of London, the City of London Corporation and the Technology Strategy Board.

“The FinTech Innovation Lab London is a great step forward that will enable entrepreneurs to develop new ideas and cement London’s position as a global leader in financial services and technology innovation.” Antony Jenkins, Group CEO, Barclays.

London – The Competition

Level 39 – Early Level 39 - Later

We are already playing catch up, lagging behind London

To learn more log on to idaireland.com+353 1 603 4000Idaireland@ida.ie

Thank You Questions & Answers

Existing activity – Crowdsourcing