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Enterprise Ireland
Annual Report and Accounts
2006

1. Achieving export sales (continued)

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Accelerating international growth

In 2006 we commenced the appointment of overseas in-market business experts and established advisory boards to help clients accelerate their international success.

Advisory boards
We established four new advisory boards in 2006 to provide the expert advice, guidance and support to accelerate client company growth in the United States. Three advisory boards support specific sectors: Wireless Technologies, Medical Devices and Construction Products. The fourth supports participants in the Leadership 4 Growth programme at Stanford University.

In-market business accelerators
A further initiative, the in-market Business Accelerator Programme, assigns individual client companies with an industry expert within a specific sectoral and geographical market. The in-market 'business accelerator' is someone with the experience, knowledge and contacts to support a company's expansion and development in its key export market. Covering all global markets, 50 of these assignments started during the year (see page X).

Intellectual property licensing
As part of our strategy to assist technology licensing, Enterprise Ireland worked with global corporations such as IBM, Microsoft, Hewlett-Packard and Proctor & Gamble to identify suitable technologies and match them to the needs of Irish companies. Client companies Softedge Systems and Vimio plc were successful in signing licensing deals with Microsoft. A third, Biotrin International, agreed a significant technology licensing agreement with the National Cancer Institute at the National Institutes of Health in Washington DC.

International networking and knowledge sharing events

Enterprise Ireland is very active in encouraging, supporting and establishing networks of Irish professionals in key international markets. The networks provide a forum for Irish business people to share contacts, experiences and sectoral knowledge. For example, in 2006, the first Italian Irish Business Network event was held in Milan. It attracted leading Irish professionals from Italian industry and included a group of Irish CEOs working in the Energy, Insurance and Pharmaceuticals sectors.

Olympic construction opportunities
Olympic building programmes are estimated to be worth more than €7 billion over the next five years. Consequently, Enterprise Ireland held a construction industry networking event in London, as part of a strategy to win business for Irish companies as the city prepares for the Olympic Games in 2012. Minister Micheál Martin addressed the event, attended by leading figures from the United Kingdom and Irish Construction sectors.

Asia Development Bank
As Ireland joined the Asia Development Bank (ADB) in 2006, Enterprise Ireland initiated a programme to involve our clients in the contracts commissioned by the bank, and held a major seminar in Dublin. It is expected that ADB contracts will become important sources of revenue for our consulting companies.

Image of Mike Hogan, Manager Russia and CIS, Enterprise Ireland; Trevor O'Regan, International Business DevelopmentManager, Project Management Ltd; Minister for Trade and Commerce, Michael Ahern T.D.; Desmond O'Maonaigh, Chief Executive Officer, OTP Bank Ukraine.
On the first Irish trade mission to Ukraine (l-r): Mike Hogan, Manager Russia & CIS, Enterprise Ireland; Trevor O’Regan, International Business Development Manager, Project Management Ltd; Minister for Trade and Commerce, Michael Ahern T.D.; Desmond O’Maonaigh, Chief Executive Officer, OTP Bank Ukraine.

Achieving export sales

Exports – 2006 (€million)
2005 10,510
2006 11,779
New export sales (gross gains)
Includes export gains recorded by meat and dairy commodity companies amounting to €215 million.
1,699
Gross losses 430
Net growth +12.1%

Source: Forfás/Enterprise Ireland Annual Business Review

Exports – 2006 by Main Market Area (€million)
Excludes sales recorded by the Irish Dairy Board
2005 2006 Growth 2005 - 2006
Northern Europe 6,096 6,740 +10.6%
Southern Europe, Middle East & Africa 1,124 1,377 +22.5%
The Americas 1,155 1,299 +12.5%
Germany, Central/Eastern Europe & the Balkans 788 894 +13.5%
Asia 527 654 +24.1%
Rest of world 156 154 -1.3%
Total 9,846 11,118 +12.9%

Source: Forfás/Enterprise Ireland Annual Business Review

Exports - 2006 by Major Sector (€million)
2005 2006 Growth 2005 - 2006
Food & Retail Consumer Markets 7,044 7,849 +11.4%
Industrial & Lifesciences Markets 2,227 2,493 +11.9%
Software, Services & Emerging Sectors 1,239 1,437 +16%
Total 10,510 11,779 +12.1%

Source: Forfás/Enterprise Ireland Annual Business Review

Client Exports – 2005 Gains and Losses (€million)
Sector 2005 Exports Gross Gains Gross Losses 2006 Exports Net Growth
Food & Retail Consumer Markets 7,044 1,058 253 7,849 +11.4%
Industrial & Lifesciences Markets 2,277
397 131 2,493 +11.9%
Software, Services & Emerging Sectors 1,239 244 46 1,437 +16.0%
Total 10,510 1,699 430 11,779 +12.1%

Source: Forfás/Enterprise Ireland Annual Business Review

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