How Did Enterprise Ireland Do During 2013?
Enterprise Ireland (EI) client companies saw their export growth and job creation reach their highest levels in over a decade, according to EI's annual report for 2013. Exports of €17bn were recorded by EI companies through 2013, who also created more than 18,000 jobs.
The report calculates that direct expenditure by Irish-owned firms, in terms of payroll and purchases of raw materials and services produced in Ireland, account for €20bn expenditure in the Irish economy.
Other findings by EI showed that, in 2013, close to 860 companies were involved in R&D projects of above €100,000 spend per annum, with almost 140 companies engaged in substantial R&D projects of over €1m spend.
Commenting on the report, Julie Sinnamon, CEO of Enterprise Ireland, says: “The strong performance of our client companies and their capacity to continuously innovate, develop new products and services and win new export business against the toughest of international competition, represent a tremendous achievement. This success in the global marketplace has given rise to the highest net jobs creation recorded in the last decade.”
EI now has over 30 international offices, including new additions in Istanbul, Texas. Domestically, EI's ties with college enterprises saw 34 companies spun out from third-level institutions, while 119 “commercially valuable packages of technologies and intellectual property” were transferred to companies.
EI also backed 104 high potential start-up (HPSU) companies – the highest number yet in a single year. Of these, 13 were led by overseas entrepreneurs and 10 were spinouts from research. (10/07/14)