Presentation to the Enterprise Ireland Mentor Networking event – 21st April 2016

Making Ireland a Global Startup Hub

by 2020

My Journey

My Work as an Enterprise Ireland Mentor

EI Mentor Network De-Brief Analysis

90% OF COMPANIES SAY THE MENTOR SERVICEWAS VERY GOOD TO

EXCELLENT

• “Network Connectivity is the most important component driving ecosystem growth.”

• Research by US Chamber of Commerce and the 1775 International Startup Competition

Startups are the new FDI companies

John Kennedy Silicon Republic

#startupIRL

A comparison with Tel Aviv’s startup ecosystem

Population 7.8 million 4.6 million

National economy type Small, open, export orientated Small, open, export orientated

Real GDP (2012) $179bn $212bn

Startup Genome Ranking Tel Aviv #2 Dublin #No rank

Tech startups per million inhabitantsBowei Gai, World Startup Report

#1 in the world at 375 per million inhabitants

No rank, researcher did not include Dublin

Startup Accelerators 36 (http://mappedinisrael.com/) 6 (Activating Dublin report)

VC funds raised in 2013 $2.3bn (Israel VC Research Centre) $395m (Irish VC Association)

Other Facts about Israel ● 39% of Israeli high tech employees work in the R&D Depts of tech multinationals

located in Israel, in Ireland these same multinationals locate their customer service and sales operations here.

● 63 Israeli high-tech companies listed on the tech oriented NASDAQ● Israeli tech exits worth $7.6b in 2013 (PwC) with significant capital gains tax to the

Exchequer.

The GlobalStartup EcosystemRanking 2015#startupIRL

AmsterdamPopulation 820,000 – straight in at 19

Austin TexasPopulation 840,000- Straight in at 14

#startupIRL

#startupIRL

Europe’s West Coastfor Awesome Startups

#startupIRL

#startupIRL

25th -26th September

#startupIRL

#startupIRL

#startupIRL

#startupIRL

October 5th - 9th

#startupIRL

#startupIRL

#startupIRL

Startup Ireland SurveyAn Amárach Research Briefing

November 2015

Foreign R&D Centers in Israel division by sectors

Over 250 MNCs, 66% from US

43

Time of Take-Off

VC/PE raised inMln dollars

average per year

New High-TechCompanies

average per year

7

7 From 1969-1992

1,214 307 From 1993-2005

44

Israeli High-Tech Ecosystem

GlobalHigh-Tech Companies

Management

&Professional

Expertise

Technological Infrastructure

Experienced 2nd time

Entrepreneurs

University Graduates

Technology Developers

LeadingAcademic

Institutions & Research

CorporateSpin-Offs

Incubators

Defense

CorporateR&D

Seasoned VC Community

Government Support

45

• “When localities focused on fostering and stimulating startups, they could change their own economic futures in dramatic and fundamental ways.”

Commercial Attaches at Embassies

Government

IncubatorsAccelerators

MNCInnovation Managers.

Accountants, Lawyers,

Patent Agents

Researchcentres

Investors

Universities

Professional Service

ProvidersMNCs

State

Agencies

NetworksGroups

Entrepreneurs& Startups

Diaspora

Mentors, Angel Investors

Tech Transfer Offices

Vision2020Startup Island

Vision 2020 Dublin Dublin to be a global tech

startup hub by 2020

Startup Ireland bring you this forum in partnership with

July 2014

Nov 2014

Jan 2015

Feb 2015

Mar 2015

May 2015

Sept 2015

#startupIRL

• “No longer can entrepreneurship be limited to a small set of risk takers located in a few specific cities.”

• Brad Feld

• Startup Communities

New technology is the great equaliser

Fintrax founder sells up for €170m to private equity firm, 'biggest deal in Gaeltacht history‘.

Stockbyte, the Co Kerry-based stock photographs company, bought out by multinational Getty Images for $135m.