The Irish Tech Startup Guide
228 likes103,821 views
The Irish Tech Startup Guide by Frontline Ventures outlines the vibrant technology ecosystem in Ireland, highlighting its educated workforce and the significant presence of global companies. It details the evolution of the startup landscape, noting the rapid growth of events like the Web Summit and outlining key figures and resources in the tech community. Additionally, the document provides insight into funding avenues and notable startups that have emerged in recent years.
The Irish Tech Startup Guide
- 1. THE IRISH TECH STARTUP GUIDE BY WWW.FRONTLINE.VC @FRONTLINE
- 2. WHO IS FRONTLINE VENTURES? We are a venture capital fund based in Dublin and London that backs passionate Big Data WHAT WE INVEST IN Cloud Services TALK TO US 4 6582 1 9 software entrepreneurs and helps them build their companies Payments @frontline @wilp @willmcq @kim617
- 3. IRELAND BY NUMBERS • 4 A HISTORY OF ENTERPRISE • 9 THE IRISH TECH ECOSYSTEM • 12 IRISH STARTUPS • 16 PEOPLE TO KNOW • 22 FINDING CAPITAL AND MENTORS • 30 PLACES TO GO • 36
- 5. TALENT Access to the EU and its 500m population 1/3 of the population is under 25 -the youngest population in the EU 2/5 of the population is third-level educated - the highest rate in the western world, and compared to 29% EU average The only English speaking country in the Euro Zone The highest proportion of science and engineering grads in the world
- 6. TRACK RECORD 8/10 top global ICT companies 9/10 top global pharma companies 4/8 top global financial institutions 3/6 top global gaming companies have operations in Ireland Technology companies account for over 90% of venture capital investment in Ireland, compared to 31% in Europe
- 7. WORLD COMPETITIVENESS Best country to do business in globally Forbes 2013 1st for FDI per 100,000 population IBM Global Location Trends Report 1st in the world for most-highly employable graduates EC Study of International Recruiters 2010 1 1st for investment incentives for foreign investors GCR 2013 1st for business legislation for foreign investors GCR 2013 1st for real corporate taxes GCR 2013 1st for availability of skilled labour GCR 2013
- 8. WORLD COMPETITIVENESS The investment by US companies into Ireland is greater than that made in Brazil, Russia, India and China combined. RUSSIA INDIA CHINA BRAZIL IRELAND 1990 - 2011
- 9. A HISTORY OF ENTERPRISE
- 10. Irish-French economist Richard Cantillon coined the word ‘entrepreneur’ in 1730 and identified the entrepreneur’s role as a risk taker who is balancing the markets by predicting what buyers want. Some look at things that are, and ask why. I dream of things that never were and ask why not? George Bernard Shaw
- 11. When I came to Facebook and it was time to figure out where to put our international headquarters…we actually really only looked at Ireland Sheryl Sandberg, COO Facebook Ireland is a great place to do business Eric Schmidt, Chairman, Google
- 12. THE IRISH TECH ECOSYSTEM
- 13. ONCE UPON A TIME IN DUBLIN… 1950-2000: Intel, IBM, Sun Microsystems, Dell, Microsoft, HP, Oracle, Citrix, Symantec, EMC2 powered by
- 14. …THEN CAME ‘ IRELAND 2.0’… 2000-2010: Google, Yahoo, Amazon, Facebook, EngineYard, Ebay, Paypal, Salesforce, Aol, VMWare powered by
- 15. …AND SUDDENLY IN JUST TWO YEARS: 2010-2012: Dropbox, Twitter, LinkedIN, Zendesk, Etsy, Zynga, HubSpot, Gilt, LogMeIn, 10Gen, SumUp, Marketo, Ancestry.com, Groupon, Riot, Indeed, MasterCard powered by
- 16. 2010 Less than 30 people spoke There was 1 workshop THE WEB SUMMIT Just under 500 people showed up 3 startups exhibited 4 international investors showed up Attendees came from 1 country: Ireland 2014 More than 600 people spoke (a 20x increase) More than 150 workshops (a 150x increase) 20,000 people showed up (a 40x increase) 2200 startups exhibited (a 730x increase) 600 international investors attended (a 150x increase) Attendees came from 109 countries (a 109x increase)
- 17. IRISH STARTUPS
- 19. SOCIAL MEDIA/CONSUMER WEB E-COMMERCE ED TECH
- 20. MOBILE FIN TECH HEALTH TECH ACQUIRED
- 22. SOME HOMEGROWN SUCCESSES Connected to 300 mobile operators in 130 countries, reach of 3.5 billion mobile phones Processed over $24bn in online transactions last year Leading developer of physics engine used in over 500+ top selling video games and many blockbuster movies 250,000 beds are booked a month through its platform and used in over 165 countries Used by 80 governments globally to manage social welfare payments AND MANY OTHERS: Biggest public online bookmaker in the world
- 23. SOME PEOPLE TO KNOW
- 24. Karl Aherne Wayra SOME PEOPLE TO KNOW Nick Ashmore NPRF Sean Blanchfield PageFair Ed Byrne Xenon Ventures Richard Barnwell Digit/Jagex Gavin Bourke Nebula Ventures Keith Bohanna IIA John Breslin NUIG Simone Boswell Enterprise Ireland Paul Campbell Tito Dylan Collins Box of Awesome Donal Cahalane Trustev Terence Bowden Propellor Accelerator Sean Baker Incaplex Russell Banks Investor Sheet Brian Caulfield DFJ Esprit Niamh Bushnell Startup Commissioner Tim Arnold Hailo
- 25. SOME PEOPLE TO KNOW Niall Harbison Lovin’ Dublin Eoghan Jennings Health XL Donnchadh Cullinan Enterprise Ireland John Egan Archipelago / Weller Paddy Holahan Newbay Karl Aherne Wayra Dermot Daly Topado Paul Hayes Beach Hut Tom Cusack Enterprise Ireland Sonia Flynn Facebook Andrew Hunter SVB Joe Drumgoole Feed Henry Daire Hickey Websummit / F.ounders Mary Cronin Thousand Seeds John Dennehy Zartis John Herlihy Google Paddy Cosgrave WebSummit / F.ounders Martin Kelly IBM / Health XL
- 26. SOME PEOPLE TO KNOW Eamon Leonard Engine Yard Adrian Mullett Bank of Ireland Ray Nolan Hostel World/ Ultimate Rugby Gary Leyden NDRC LaunchPad Kieran Moynihan CIT Garrett Murray Enterprise Ireland Colm Lyon Realex Payments Darren Mulvihill Startup Grind Barry O’Brien SVB David Lawrence Pegasus Steven McIntyre Twitter Gene Murphy Startup Ireland Dave Kelly Websummit / F.ounders Barry Maloney Balderton Capital Connor Murphy DataHug Vincent Lyons DubStarts Joan Mulvihill Irish Internet Assoc. Deirde O’Brien O’Brien & Associates
- 27. SOME PEOPLE TO KNOW Barry Smyth UCD James Whelton CoderDojo Anna Scally KPMG Aileen O’Malley SOvH Partners Barry O’Dowd IDA John O’Dwyer AIB Paul O’Dea Selected Strategies Noel Ruane Polaris Pat Phelan Trustev Nicola Riordan Nua Marketing Raomal Perera Thousand Seeds Ronan Perceval Phorest
- 28. A FAMILY BUSINESS Brian Reeves Frank Reeves Patrick Collison John Collison Eamon Fallon Brian Fallon Martina Skelly Michael Skelly Jonathan Ruane Jason Ruane Jennie McGinn Sarah McGinn Grace McGinn Kate O’Daly Aoibheann O’Daly Emer O’Daly
- 29. TECH PRESS Carmel Doyle Silicon Republic Mark Little Storyful Johnny Ryan Irish Times Adrian Weckler Sunday Business Post Karlin Lillington Irish Times Tom Lyons Irish Times Chris Horn Irish Times Ciara O’Brien Irish Times John Kennedy Silicon Republic Gavan Reilly TheJournal.ie Pamela Newenham Irish Times Gavin Daly Sunday Times Philip Connolly Sunday Business Post
- 31. STARTUP ACCOUNTANTS LARGER FIRMS INDEPENDENT
- 33. FINDING CAPITAL & MENTORS
- 36. ANGEL NETWORKS
- 37. LOCAL & INTERNATIONAL RESIDENT VCS OYSTER CAPITAL
- 38. CENTRES FOR SCIENCE, ENGINEERING & TECH CSETs help link scientists and engineers to industry and foster the development of Irish technology companies.
- 39. PLACES TO GO
- 40. CO-WORKING SPACES National College of Ireland Guinness Enterprise Centre The Digital Hub IADT Media Cube Dogpatch Labs Liffey Trust Hub
- 41. STARTUP HANGOUTS KC Peaches Chop House Skinflint Jo’Burger Library Bar Crackbird 3FE No Name Slattery’s Food Game Science Gallery
- 43. WANT TO FIND OUT MORE? DO YOU KNOW SOMEONE WHO BELONGS ON OUR GUIDE? FOLLOW OR TWEET @FRONTLINE WORDS BY: PRODUCED BY: PICTURES BY: Fuchsia MacAree @phewsha Roisin Kiberd @ro i s i nthemirror