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Barry O’Leary CEO, IDA Ireland May 3 rd 2013 . Sector Specific Investment Promotion - Ireland. IDA Ireland 2013 Global Reach. Current Impact of FDI . €7.3 billion. €122. 1,030. IDA Portfolio Companies: 515 from the US. Two thirds Business Expenditure on R&D.
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Barry O’Leary CEO, IDA Ireland May 3rd 2013 Sector Specific Investment Promotion - Ireland
Current Impact of FDI €7.3 billion €122 1,030 IDA Portfolio Companies: 515 from the US Two thirds Business Expenditure on R&D 152,000 / 260,000 Impact €122 billion
IDA Business Focus Global Business Services • Food High Value Manufacturing Research, Development & Innovation
IDA focus across industry segments Leading MNCs 2nd Tier High Growth Companies
Evolution and Future of FDI FinancialServices Islamic Finance, Financial Technology, Green Finance Convergence Connected Health Analytics Big Data Business Intelligence *Illustrative examples only
Why Ireland? ase of doing Business Sector Specific Example – Biopharmaceuticals; Strategic Sites FDA Track Record Science Foundation Ireland Initiatives Financial Incentives National Institute for Bioprocessing and Research Training (NIBRT) Cluster Impact Regulatory Environment
Technology Centres Technology Centres • Collaborative entities established and led by industry. Resourced by highly qualified researchers associated with research institutions who are empowered to undertake market focused strategic R&D for the benefit of industry. • Joint initiative between Enterprise Ireland and IDA Ireland allowing Irish companies and multinationals to work together. • State funding centres of the order of €1M per year over a five year period. Technology centres Impacts of the technology centres:
MedTech Centres for Research and Innovation • The Colles Institute (RCSI) • REMEDI • The Biomedical Diagnostics Institute (BDI) • The Medical Engineering Design and Innovation Centre (MEDIC) • The National Centre for Biomedical Engineering Science (NCBES) • South Eastern Applied Material Research Centre (SEAM) • Centre for Research in Engineering Surface Technology (CREST) • Micro Sensors for Clinical Analysis (MiCRA) • Centre for Design Innovation • National Centre for Sensor Research (NCSR) • Trinity Centre for Bioengineering (TCBE) • Centre for Applied Biomedical Engineering Research (CABER) • Centre for Nanotechnology and Materials Research (CNMR) • National Centre for Laser Applications (NCLA) • Materials Ireland Polymer Research Centre
Why Ireland? ase of doing Business Sector Specific Initiatives / Investments