ehealth Ireland Ecosystem members of the ECHAlliance International Ecosystem Network Workshop 1:Supporting Industry and Economic Development to Propel Innovation Kevin Ryan, Senior Development Adviser, HPSU Accelerate - Industrial & Life Sciences, Enterprise Ireland Clare Harney, CEO & CIO, Health Founders Jinga Life Stephen Moore, AJQ Software Join the conversation on Twitter! @ehealthireland #ehealth4all @echalliance
ECH Alliance 11 th April 2018 Kevin Ryan Enterprise Ireland Supporting Industry
What We Do Help Irish businesses to start, innovate and scale internationally Work with 5,000 Irish owned businesses across all sectors with export potential and regions Mandate to drive collaboration and commercialisation of state-funded research 32 International offices Key focus is the development and growth of Irish companies in global markets 3
Enterprise Ireland are Europe s Largest source of seed funding and 3 rd biggest globally
Performance of Enterprise Ireland backed companies 2017 Total jobs 209,338 employed in Enterprise Ireland backed Companies Total new jobs 19,332 new jobs created Net jobs 10,309 net new jobs created highest in the history of the Agency
Employment Growth in every Sector 8% Construction 6% Digital Tech 4% Food 8% Engineering 8% Life Sciences 5% ICT 6% Electronics
Employment Growth in every county 64% new jobs Outside Dublin Kerry +7% Mayo West +5% +7% Clare +4% Sligo +11% Galway +10% Mid West +7% North West +7% South +6% Cork +6% Donegal +4% Leitrim +12% Midlands Longford R common +5% Limerick +9% +5% +6% North East Cavan +5% Offaly Mid East Laois +5% Tipperary +8% +4% +8% +5% Westmeath +7% Water ford +4% South East Kilkenny +4% +2% Monaghan +4% Meath +4% Dublin +4% Kildare +5% Carlow +5% Wexford +3% Louth +5% Dublin +4% Wicklow +4%
Investing in the Regional Eco-System 9 Regional Brexit Advisory Roadshows across the country 4 new Regional Accelerators new 60m Regional Enterprise Development Fund 23m invested in New Technology Centres Irish Manufacturing Research and Meat Technology Ireland NDRC @Portershed Galway BioExcel Galway Propellor Shannon Clare Irish Manufacturing Research Mullingar are Meat Technology Ireland Dublin First Call 30.5m 21regional projects NDRC @ArcLabs Waterford Second Call in March 2018
4 New Regional Accelerators NDRC@PorterShed (Galway) 1.5m Funding Secured for Digital Tech Accelerator First Cohort Completed (Nov17) 10 Cos on initial cohort (33+ applied) Cohort 2 in Q3 2018 Engaged with HPSU/EI Team BioExel (Galway) 1.4m Funding Secured for Medtech Accelerator First Cohort Commenced (Jan 17) 8 Cos on initial cohort (14+ applied) 6 Month Programme Engaged with HPSU/EI Team Propeller (Shannon) 1.4m Funding Secured for Aviation Accelerator Boeing/Datalex/IAA First Cohort to Start Feb 2018 9 Cos on initial cohort (33+ applied) NDRC@Arclabs 1.5m Funding Secured for Digital Tech Accelerator Centrica/Local VCs First Cohort to start in Q2 2018 Engaged with HPSU/EI Team
Research & Development BUILD SCALE Innovate 1,065 Collaborative Innovations between industry and higher education 475m Horizon 2020 Funding 1 st Place Irish SME s first for innovation
R&D and Training BUILD SCALE Competitiveness 1,000 Lean Programmes Completed 232 Client Investments > 500k supported by EI 374 Participants on management training programmes
Companies Must Innovate New Agile Innovation Fund Launched Launched Agile Innovation Fund 300,000 to help companies become agile themselves in developing and adapting products for new markets Enterprise Ireland client companies that availed of Innovation Capability, Funding and Collaboration support saw: +67% More Global Sales
How We Work With Industry Identifying Over 2,000 enquiries HPSU Start HPSU Accelerate 900 Business Plans Accept 450 30m in funding p.a. Milestone Setting Meeting Progress Update 0-18 Months Overseas Support Fast Track Engage HPSU Accelerate DA & IC Sprint Business Plan Update Meetings Master Class Series Founders Forum Forum Groups 24 Months Fast Track Overseas Support 150 Milestone setting meetings 450 Progress meetings 500 Business review meetings Exit 100 HPSU
The Start-up Journey 1. Ideation 2. Concept 3. Validation 4. Getting Investor Ready 5. Growth & Scale Exploring supports to launch your business idea Developing a marketfocused business plan, mission and milestones Developing a minimum viable product for an identified market Seeking investment, early sales and building a management team Accelerating growth in international markets CSF Project Assessment HPSU Investment LEO Involvement HPSU Start Involvement HPSU Accelerate Involvement
HPSU Accelerate Supports Seed funding circa. 25m - 30m Assigned a Snr. Development Adviser Intensive and regular engagement, 600 meetings in 2017 EI Founders Forum Access to overseas offices network Follow on Equity Funding Sectoral initiatives and missions Invitations to Workshops, Networking and Sectoral events Grant Funding
What s important to Enterprise Ireland Quality Diversity esp. Female Regional impact 4 new regional accelerators now launched Funding HBAN and 4 new seed funds - 188m on first close Spin outs from 3 rd level Alignment of the ecosystem More scaling HPSUs, scaling faster Building the companies that will power the future Irish economy
The HPSU Founders Forum helps clients accelerate their business rapidly through: Understanding sweet spot customers and how to differentiate from competition. Gaining an appreciation of how to grow international sales. Learn how to generate and manage cash to position the company for growth. Creating a strong team capable of accelerating the company s growth Building a strong network of other founders with the same goals.
Life Science Investments include 18
THANK-YOU Kevin Ryan Senior Development Adviser Industrial & Life Sciences Accelerate Division T: +353 1 7272224 E: kevin.ryan@enterprise-ireland.com T: @Kevnryan