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Eoys 2018.Indd 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 Taoiseach Leo Varadkar 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 Government of Ireland 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
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