Ireland – Europe’s next tech hubJuly 24, 2023 2023-07-25 11:46
Ireland – Europe’s next tech hub
Ireland – Europe’s next tech hub
Read up to know why studying in Ireland could be the wisest decision
Indeed, the top three IT centres in the world are San Francisco, Tel Aviv, and Beijing, and Ireland is the newest member of the club. Numerous well-known corporations are moving their European headquarters from the UK to Ireland due to the country’s cutting-edge infrastructure, advantageous location, well-structured taxation system, and Brexit-related effects. This concludes the list of factors that contribute to Ireland’s high ranking among IT centres.
In 2018, Ireland was regarded as the sixth-most competitive nation in the world by the Institute for Management Development (IMD). Broadly speaking, the nation works to develop the talent of its citizens at a grassroots level through numerous government projects.
|Why is Ireland the first choice for global companies?|
|8 of the top 10 gaming companies|
|9 of the top 10 global ICT companies|
|8 of the top 10 global pharmaceutical companies|
|6 of the top 7 diagnostics companies|
|15 of the top 20 medical devices company|
|50% of the world’s pioneering financial service companies|
What makes Ireland the Silicon Valley of Europe?
Due to the region’s balanced mix of multinational corporations and cutting-edge domestic businesses, the majority of the world’s technological leaders are currently in competition with Ireland. In addition, the Irish IT sector contributes 13% of the nation’s GDP and employs about 2,10,000 people.
1. Dublin as the centre of tech companies
Dublin is home to a number of start-ups in addition to being the EMEA headquarters for organizations like Google, Slack, Facebook, Dropbox, LinkedIn, and Zendesk because to its favorable taxation structure and innovative, encouraging business environment. Additionally, Dublin has access to exceptional talent from the EU and beyond.
2. Strategic business location
It makes sense to invest in Ireland because of its dynamic economy. In addition to this, Ireland boasts the most advantageous tax policies in the world, which draws hundreds of foreign businesses to set up shop there. To support a global corporate strategy, there is a greater need for a staff that is highly educated and adaptable. Ireland is regarded as the nation with the best international connectivity.
3. Welcomes overseas talent
Ireland is renowned for its business-friendly climate, which not only promotes the efficient operation of current businesses but also inspires the establishment of new businesses. In addition, IDA’s programs for assisting with visas and work permits as well as its welcome of Irish citizens foster multiculturalism, giving those who want to move to Europe chances.
4. Ideal office spaces available
Companies are buying locations in Ireland to use as satellite and micro-offices, or smaller offices distributed throughout the city, in an effort to increase their European presence at a low cost. Additionally, big businesses looking for sizable facilities are expanding into less populous Dublin suburbs or into locations like Galway, Cork, and Limerick.
5. Brexit effect
Following Brexit, businesses picked Ireland as their EMEA headquarters based on their investment criteria, and this has turned out to be the key driver of the nation’s expansion in the technology sector.
6. Irish Research and Development
With public funding, Irish research and development centers support industry research initiatives. Private research organizations, IDA grant funding, Ireland’s R&D tax credit complement public research.
7. The Centre for Research on Adaptive Nanostructures and Nanodevices (CRANN)
Researchers collaborate with businesses to develop advanced materials and technology for various industries, including healthcare, manufacturing, and ICT.
8. The Insight Centre for Data Analytics
Organization combines experienced researchers and industry experts to develop analytics solutions.
In addition, the organization has one of the biggest data analytics hubs in the continent of Europe. High-impact research, Big Data data collection, technology solutions, decision-making, and society improvement.
9. The Irish Software Engineering Research Centre (LERO)
Major software engineering teams must be brought together by the organization to form a coordinated center of research excellence. This is done to give the industry a clear direction and strong focus on evolving critical systems. Applied across various fields, including AI, autonomous vehicles, agriculture, government.
Mastercard’s Dublin workforce increased by 880% since 2008, requiring additional space at Mountainview offices until 2026 for expansion.
Irish economy excels during uncertain COVID-19 periods due to robust medicines and IT production, offering opportunities for digital enterprises to consider Ireland their European home due to Brexit uncertainty.