END OF YEAR STATEMENT 2018

INNOVATE COMPETE DIVERSIFY

#GlobalAmbition Enterprise Ireland End of Year Results 2018

215,207 +4% Employed by employment growth Enterprise Ireland overall supported companies North West +9%

North East 18,846 West +3% Total new jobs +5% Midlands +4% Dublin +5% Mid East Mid West +2% 9,119 +5% South Net jobs created East South +2% +5% 64% Client employment outside Dublin 8% 8% 5% Construction Life sciences Engineering

Record 215,207 employed in Enterprise Ireland companies

240,000 215,207

220,000

200,000

180,000

160,000

140,000

120,000

100,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source: Annual Employment Survey results for each year, published in our Annual Reports (1998-2018)

2 2018 Outcomes

Build Scale Innovate Expand Reach

245 138 1,504 Enterprise Ireland client R&D approvals to client New overseas investments > €500k companies > €50k contracts backed by Enterprise Ireland

132 €630m 402

New start-ups supported Horizon 2020 funding New overseas presences through HPSU and CSF secured to date established with the support funding of Enterprise Ireland

1,032 1,048 82

Sustainable growth plans Collaborative innovations First-time exporters between industry and Higher outside the UK Education Institutes

606 435 62

Of those sustainable growth Technology Gateway Ministerial-led trade plans were with Brexit-exposed projects for industry events companies

29 558 1,023

Female-led start-ups Innovation vouchers International buyer visits redeemed facilitated by Enterprise Ireland

10,566 15 650

Participants on Local Enterprise iHPSUs from research Exporters attended Offices core business Enterprise Ireland’s development programmes International Markets Week

3 Brexit response across Ireland

Key supports drive Brexit Brexit Advisory Clinics 42 projects share €60m response nationwide Regional Enterprise Development Fund Enterprise Ireland’s priority is to A series of Brexit Advisory Clinics ensure that Irish exporters prepare took place throughout the country 42 projects have been approved for a hard Brexit. To assist client to encourage companies to adapt funding totalling €60 million to companies to respond to Brexit, their business strategies. A total date. The Regional Enterprise Enterprise Ireland is implementing of nine regional clinics supported Development Fund, administered by a programme of: building resilience by Local Enterprise Offices (LEOs) Enterprise Ireland, will now operate and capacity to scale in Irish took place in locations around on a rolling basis as part of Project exporting companies focused the country throughout the year. Ireland 2040. Projects approved on enhancing innovation, market The events advised companies funding in the latest round in diversification and competitiveness; on supports available through November 2018 include: Bioconnect and assessing preparedness for Enterprise Ireland that can help to Innovation Centre in Monaghan Brexit and developing action plans. address Brexit exposure. Companies (€4.9m), Galway City Innovation To deliver this Brexit response were advised by expert speakers District (€2.4m), Innovate Limerick programme, Enterprise Ireland and had one-to-one meetings (€2.2m), National Design Innovation introduced a range of supports with specialists in areas including Hub in Kilkenny (€1.8m), and Boyne including; Brexit Advisory Clinics, customs and logistics, currency Valley Food Innovation District in Brexit Specific Capability Initiatives, management and strategic sourcing. Meath (€1.5m). the Brexit: Act On Initiative and Be Prepared Grant, a new Online 85% take action on Brexit Accelerator programmes drive Customs Training Course and new regional innovation funds, including Market Discovery In July, Enterprise Ireland released Four regional accelerator Fund, Agile Innovation Fund and findings of a survey of over 2,400 programmes supported by Operational Excellence Offer. clients which found that 85% were Enterprise Ireland helped enhance These supports are highlighted via taking Brexit-related actions. Top the start-up ecosystem across a Prepare for Brexit information measures include diversifying export Ireland in 2018. In February, six campaign and via our website markets, improving operational participants joined the BioExel prepareforbrexit.ie. competitiveness, strengthening business in the UK, developing Medtech Accelerator in Galway. In strategic partnerships, improving May, nine tech start-ups entered New Customs Insights Course financial management, and investing NDRC’s first ArcLabs Accelerator Enterprise Ireland launched a new in R&D. 53% of companies surveyed in Waterford. In August, seven online insights course to help said that in 2018, Brexit would not new start-ups joined the second businesses to understand the key change their ability and appetite to NDRC Accelerator at PorterShed in custom concepts, documentation invest, while 65% said it would not Galway. In September, phase two of and processes, and the actions change employment plans. the Aviation Accelerator programme needed to prepare for Brexit. was launched in Shannon.

Julie Sinnamon, CEO, Enterprise Ireland, speaking at International Markets Week in October 2018.

4 245 132 29 17 Build scale Enterprise Ireland Client Start-Up Female-led Fintech Start-Up Investments > €500k Approvals Start-Ups Projects

Regional highlights entrepreneurs and experienced Female entrepreneurship business professionals, and two In April, An 22% of HPSU approvals went to calls for up to €1.5 million in funding TD announced the creation of 200 female-led companies in 2018. open to all sectors. €500k in jobs by Combilift in Monaghan. 22% of CSF approvals were funding targeted recent graduates, Fexco announced the expansion for companies led by female while €750k in funding was made of its operations in Kerry, with the entrepreneurs. 29 female-led available through a fintech and deep creation of 175 new jobs over three start-ups received funding in tech CSF. years. An Tánaiste and Minister for total. It was the third year of Foreign Affairs and Trade, Simon activity for Enterprise Ireland’s Coveney TD, announced that 17 new fintech start-ups dedicated €1 million CSF for Female Chanelle will create 350 jobs in 14 HPSU approvals went to fintech Entrepreneurs which runs in tandem Galway. Crowley Carbon announced start-ups in 2018. A further three with a tailored female accelerator, the creation of 187 jobs over the projects were approved in the ‘The Innovate Programme’. A call for next three years in Kilkenny and second year of Enterprise Ireland’s the 11th cycle of Going for Growth Wicklow. fintech CSF. It was a strong year was also opened for ambitious for Irish fintech internationally, with female entrepreneurs looking to 132 start-ups supported seven companies named in the scale their businesses. through HPSU and CSF funding 2019 RegTech 100, which lists the world’s most innovative providers Food FDI success 82 new High Potential Start-Ups in the sector. Minister of State at (HPSUs) were approved in 2018. Enterprise Ireland secured six new the Department of Finance, Michael HPSUs are defined by their potential Foreign Direct Investments (FDI) for D’Arcy TD, led three fintech trade to become exporting businesses significant food projects, bringing visits, promoting Irish capabilities in that have 10 staff and €1 million in approximately €300 million in this global industry: Asia Financial sales within three years of starting valuable investments to regional Forum (January); the Enterprise up. Competitive Start Funds (CSFs) locations, with the creation of Ireland Trade Mission to Germany support early stage start-ups to 260 new jobs. Glanbia Cheese EU focused on innovation in retail accelerate growth. 2018 CSFs announced plans to build a €130 banking (May) and the UK Financial included a call for up to €1 million million mozzarella cheese facility, Services Dinner in November. in funding targeting overseas Europe’s largest, in Portlaoise, creating 78 jobs supported by Enterprise Ireland. Crust & Crumb

L-R: Rachael James, Enterprise Ireland; Minister Heather Humphreys TD; Julie Sinnamon, plan to build a state-of-the-art Enterprise Ireland; previous winner of the CSF for Female Entrepreneurs Fiona Edwards Murphy, chilled pizza factory in Cavan with ApisProtect; Conor Carmody, Dublin BIC. the creation of 80 jobs.

Local Enterprise Offices: Making It Happen The LEOs are the ‘first-stop-shop’ for advice and guidance, providing financial supports, expert advice, and training and mentoring for entrepreneurs, start-ups, micro enterprises and small businesses, which create thousands of jobs nationwide. Funding for the LEOs, working in partnership with the local authorities and Enterprise Ireland, is provided by the through the Department of Business, Enterprise and Innovation. The LEO network progressed 166 LEO clients to Enterprise Ireland in 2018. The LEOs provide Brexit supports including Technical Assistance Grants for Micro Exporters (TAME), Lean for Micro, and Brexit Seminars.

5 138 1,048 15 €630m Innovate R&D Approvals Collaborative iHPSUs from Horizon 2020 > €50k Innovations Research Funding

€630m Horizon 2020 funding SepTec wins One to Watch collaborating groups of companies. for Irish companies and award at Big Ideas showcase Participating companies propose researchers the areas and themes of greatest SepTec was one of 12 spin-outs relevance to them over a 3-5 year Ireland has won €630 million in emerging from higher education period. In response, researchers competitive funding from Horizon institutes selected to pitch their develop solutions that respond to 2020 to date. Horizon 2020 is technology solutions to investors their needs, often exploring avenues the EU framework programme at Enterprise Ireland’s tenth annual that can lead to new licensable for research and innovation, Big Ideas showcase. SepTec is intellectual property. running from 2014 to 2020 with commercialising an exciting solution a budget of €80 billion. More for rapid, sensitive and cost- than 1,500 applications have been effective sepsis diagnosis. Big Ideas €27m in funding for successful for 693 higher education illustrates the commercialisation Technology Gateway Network researchers, 576 companies potential of Irish academic research 2018-2022 and other applicants. Nine Irish across a range of sectors. This Minister of State for Training, companies secured €16.8 million year’s event included software that Skills, Innovation, Research and from a budget of €430 million allows you to de-mix music and Development, John Halligan under Phase 2 of the Horizon 2020 separate sound, a new medical TD, announced the Government SME Instrument this year. Irish device to diagnose concussion in is providing funding of €26.75 companies have acquired almost seconds, and a breakthrough drug million for the Enterprise Ireland €70 million through the Instrument delivery technology for treatment of Technology Gateway Network to date. SMEs have won a further pancreatic cancer. over the period from 2018-2022. €82 million from other parts of Since its formation in 2013, the Horizon 2020. In November, six Irish Technology Gateway Network has research projects were awarded a Record year for Technology Centres completed over 3,050 innovative total of €12 million by the European projects with over 2,000 Irish-based Research Council. In 2018, a record 844 companies companies. The network consists of were involved with Technology 15 individual Gateways each hosted Centres, 525 of which were fully by an Institute of Technology, paid up members. The Centres spread across the country providing work to respond rapidly to industry- L-R: Mairead O’Donnell, Polar Ice Tech; industry with access to over 300 Marc Kelly, Teva Pharmaceuticals Ireland; defined needs and conduct market- highly skilled and industrially Tomas Thompson, Rockfield Medical; Denis relevant R&D in partnership with McGowan, Visual ID; Michael Hughes, focused researchers, together with Enterprise Ireland; Minister John Halligan, specialist equipment and facilities. TD; Regina O’Sullivan, PBC Biomed. Innovation Arena winners at National Ploughing Championships The most innovative Irish agritech products were named by Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen TD at the Enterprise Ireland Innovation Arena Awards at the National Ploughing Championships. Agri-Spread International, a leading agricultural machinery manufacturer based in Mayo, was named overall winner. The Innovation Arena has become Ireland’s largest event to showcase agritech innovations to a global market.

6 1,504 402 82 1,023 Expand reach New Overseas New Overseas New Exporters Buyers to Contracts Presences Outside the UK Ireland

62 Ministerial-led trade events Minister Breen leads 34 companies on trade mission Enterprise Ireland organised 62 to Germany Ministerial-led international events in 2018, including trade missions to Innovative Irish medtech and Germany, Italy, China, and the US. agritech solutions were showcased Led by Irish Government Ministers, during a trade visit by 34 companies trade missions are a central element to the world-renowned Medica and of Enterprise Ireland’s strategy for EuroTier trade fairs in Germany in 2017-2020: Build Scale, Expand November, led by Minister Pat Breen Reach. The events support the goal TD. Enterprise Ireland’s Ambition of securing high-level market access Germany event in Athlone in for Irish companies aiming to grow December focused on highlighting business overseas and increase untapped opportunities in the domestic employment. International Eurozone’s biggest market and and domestic export-focused trade L-R: Julie Sinnamon, Enterprise Ireland; supporting exporters to address Henri Murrison, Northern Powerhouse; challenges to help them succeed in events were increased by 50% in Minister Heather Humphreys TD. response to risks posed by Brexit. the region.

Minister Humphreys leads Landmark signings during 18 companies join trade Manchester trade mission to China trade mission mission to Italy sustain UK exports Deals worth over €50 million were This trade mission led by Minister Minister for Business, Enterprise and announced during a trade and Pat Breen TD in April focused on Innovation, Heather Humphreys TD investment mission to China, led by the medical devices sector and led a trade mission to Manchester, Minister Heather Humphreys TD, and explored opportunities to increase reaffirming Ireland’s important attended by 45 Enterprise Ireland- trade between Ireland and Italy, a trading relationship with the UK. backed companies. Irish Breeze, key market in the Eurozone. The first 45 Enterprise Ireland-backed Reagecon, Solvotrin Therapeutics day centred on Mirandola’s medtech companies participated on the and Novaerus announced new sector before moving to Rome, mission to engage senior officials strategic partnerships in the region where Minister Breen addressed and decision makers, including at the inaugural China International members of ADACI, the Italian the City Region Mayor of Greater Import Exhibition, the world’s Procurement Association. Manchester, Andy Burnham. largest trade exhibition. Global Manchester is the largest city in Shares and Know Your Customer Ambition Benelux the UK Government’s Northern also announced new partnerships at Six Enterprise Ireland-backed Powerhouse initiative, which aims Hong Kong Fintech Week. companies participated on a to rebalance the economy by trade visit to the Netherlands in maximising the combined potential Eurozone opportunities April focused on increasing trade of the north of England’s city for Irish plastics and packaging regions. Enterprise Ireland’s Eurozone suppliers, led by Minister Halligan strategy 2017-2020 aims to TD. Two Irish companies announced increase exports to the region Focus on Irish animation partnerships during a trade mission by 50%, by taking advantage during US trade mission to the region in November. Costo of the single, shared currency will work with Ireland’s Eiratech Minister Heather Humphreys TD led market. The strategy is focused Robotics to optimise logistics a four-day joint Enterprise Ireland on six key markets: Germany, processes. CapX Netherlands, Avics and IDA Ireland trade mission to the France, Netherlands, Belgium, and Corning are partnering with USA. 15 Irish companies travelled on Italy, and Spain. These markets Irish mobile network specialists the mission to meet iconic names in represent significant and untapped Druid Software. Enterprise the global entertainment industry. opportunities for Irish companies Ireland’s Ambition Benelux event in The Irish animation industry was the and offer the benefits of zero November encouraged exporters to main focus with delegates meeting currency risk, unfettered access and take advantage of opportunities in world-renowned animation studios, regulatory alignment. including Paramount Pictures, this important Eurozone region. Disney Animation Studios, Netflix, Amazon Studios, The Jim Henson Company, Cartoon Network, and Nickelodeon Company.

7 Delivering Global Ambition

650 exporters attend Export sales hit new record has been committed, which will enable International Markets Week innovative SMEs to co-design fit for In July, Enterprise Ireland announced purpose solutions to solve a variety of More than 150 market advisors from that export sales by companies it societal challenges, including bathing Enterprise Ireland’s 33 overseas supports rose by seven per cent to water quality, rural transport, and offices participated in over 2,100 a value of €22.71 billion in 2017. It integrating ‘unheard voices’ in the meetings during Enterprise was the highest level of export sales community. 31 SBIR contracts were Ireland’s annual International recorded in the history of the agency awarded in 2018. Markets Week (IMW) in October. and the eighth consecutive year it The aim of the week’s events is to has reported export growth. In 2017, 18 Education in Ireland Missions advise companies on global export Enterprise Ireland-backed companies opportunities and how to diversify achieved total sales of €44.4 billion, Irish Higher Education Institutions into new markets. The main theme an eight per cent increase on 2016. (HEIs) took part in 18 education of IMW 2018 was that exporters missions across the world in 2018. In should look to the Eurozone region Three companies sign line with the International Education as a new domestic market. deals with North American Strategy 2020, international healthcare groups institutional engagement, academic and student exchange, research Over one million reached by In September, 15 world-renowned #IrishAdvantage and student recruitment were the healthcare providers met over priorities in all core markets. There Over one million people have 100 Irish companies at Enterprise was also a focus on diversification, been reached by #IrishAdvantage, Ireland’s North America Healthcare with new initiatives being taken in five Enterprise Ireland’s international Forum. Three Irish companies - developing markets, links between campaign which aims to connect Kite Medical (Galway), Meditec Irish HEIs and partners in Indonesia Irish companies with new partners Medical (Dublin) and RelateCare and Malaysia were strengthened with and customers in key international (Waterford) announced major the signing of 19 bilateral agreements markets. Over 200,000 visits deals with Northwell Health in New during a mission led by the former have been made to the campaign York and Lahey Hospital Medical Minister for Education and Skills, website, which is localised in six Centre in Massachusetts, with a Richard Bruton TD in September. languages and features a digital cumulative value of over €500,000, In the US, Ireland secured the directory of Irish companies, at the event which provided an position as the seventh most popular hundreds of case studies and opportunity to position Ireland as destination for US students studying articles, and sector-specific demand a world-class source of innovative abroad. generation campaigns. healthcare solutions. Routes to Growth attracts 31 new development contracts business leaders from Asia for SMEs and Irish public sector Pacific 10 new Small Business Innovation In April, over 100 business leaders Research (SBIR) Challenges were and buyers from the Asia Pacific launched by Enterprise Ireland in region met with 200 Irish companies partnership with the public sector, at the Routes to Growth conference. including the Office of Public Works, The first of its kind event was jointly the four Dublin authorities (through hosted by Enterprise Ireland and Smart Dublin), Waterford, Clare Cathay Pacific and opened by and Limerick Councils, and the Minister Pat Breen TD. Enterprise L-R: David Moffitt, Kayfoam; Julie Sinnamon and Terence O’Rourke, Enterprise Ireland; Minister Department of Public Expenditure Ireland is targeting 50% growth in Heather Humphreys TD. and Reform. A total of €1.35 million exports to the region by 2020.

For more information on events and client supports visit www.enterprise-ireland.com Enterprise Ireland, The Plaza, East Point Business Park, Dublin 3. Tel: +353 (1) 727 2000

Ireland’s European Structural and Investment Funds Programmes 2014-2020. Co-funded by the Irish Government and the European Union.

Commission of the European Union In 2014, Enterprise Ireland administered a range of programmes that are eligible for co-funding by EU Structural Funds, including the European Regional Development Fund, the Productive Sector Operational Programme, Employment and Human Resource Development Operational Programme, and the two Regional Operational Programmes for the Southern and Eastern and BMW regions. © Enterprise Ireland January 2019