Our Deep Dive Week in Dublin is approaching – but why would startups consider to go to Dublin?
Bustling ecosystem with no shortage of large tech players
With over 2,250 startups, Dublin was ranked in the top 10 of the European Digital City Index 2016 and just outside the world’s top 20 startup ecosystems in reporting firm Compass’s Global Startup Ecosystem Ranking 2015. Google, Facebook, LinkedIn, Airbnb, Eventbrite, HubSpot, Twitter, Etsy, Amazon, Stripe and 250 more global tech companies are based in Dublin and employ thousands of techies, marketing and sales people. 80% of the world’s global tech companies have a base in Dublin, more than any other city in the world.
Dublin is a bridge between ecosystems
In fact, Dublin is the bridge between Europe and the US. It’s where US innovation comes to scale globally and the jumping off point into the US for startups from across Europe. London-Dublin is the second busiest flight route in the world and every key European market is a short two-hour flight away.
Irish-based technology firms raised a record €888m in 2016, up 70% on the €522 million reported in 2015. Business angels – seasoned business people who invest their own money in start-ups – invested €13.6m in 50 Irish start-ups in 2016, up 25pc on the previous year. 46% of investments that were made into Irish startups in 2015 were from international investors and the proportion of foreign investment into Irish startups is increasing: €241m in 2015 compared with €132m the previous year.
Ireland is home to:
- Irelandia Aviation, world’s premier low cost carrier (Ryan Air, Tiger Airways, Allegiant, VivaAerobus, etc)
- 9 of the world’s top 10 medical technology companies, such as Boston Scientific and Medtronic
- 8 of the top pharmaceutical companies including Pfizer and Amgen.
- 3 of the top 5 games companies, such as EA and Activision.
- 9 out of 10 world-leading technology and internet companies such as Facebook and Google.
- 15 of the top 20 world-leading Life Science companies for like Abbott Laboratories and Allergan.
- Over 50% of the world’s leading Financial Services firms like JP Morgan Chase and HSBC among others.
Plenty of startups that have made Dublin their home – their teams as multicultural as the city is welcoming.
*Programme is free of charge and travel expenses are reimbursable – thanks to the European Commission’s initiative Startup Europe, with the goal to democratise the startup phenomenon so that every citizen has a fair chance to become a successful entrepreneurs wherever they are located in Europe.