Ones to Watch: Connecting Irish Innovation to UK Industry

9th April 2014

Enterprise Ireland drive to support young Irish companies do more business with the UK

Enterprise Ireland is today (Wednesday 9 April 2014) holding its inaugural Ones to Watch workshop and networking event in London for owners of innovative Irish companies doing business in the UK. The event coincides with President Higgins’ historic visit to the United Kingdom and is being hosted by the Embassy of Ireland, London. It is aimed at supporting Irish High Potential Start-Up (HPSU) companies to accelerate their sales growth and consolidate relationships in the UK market.

The Tánaiste and Minister for Foreign Affairs and Trade, Eamon Gilmore, T.D., who is representing the Irish Government throughout the State visit, will also address today's event.

40 of these Irish companies are taking part, representing the next wave of young innovative Irish businesses supported by Enterprise Ireland and carving out new business relationships and opportunities in the UK. Also attending will be60 of their key UK customers and partners including Facebook, Telefonica, Techstars, Vodafone, Marriott Group and The British Fashion Council, along with strategic UK experts across a range of disciplines and leading British investment institutions.

Speaking at today's event, the Tánaiste said: ‘Ireland is the UK’s fifth-largest export market, and the UK is Ireland’s largest trading partner. Nowhere is this key relationship more evident than in Ireland’s early-stage companies’ focus on the UK market. The number of these companies targeting the UK has nearly doubled over the past four years, with the volume of their exports to the UK increasing by 55 percent in 2012. This event will provide a unique forum to strengthen and deepen business relationships between Ireland's newest technology and services companies and UK industry, and to identify new joint business opportunities’.

Julie Sinnamon, CEO Enterprise Ireland, added: ‘Today is all about helping these young Irish companies to increase their profile and grow their sales in the UK market. 2013 was a record year for start-ups in Ireland with over 100 supported by Enterprise Ireland through strategic business advice and investment funding. Today’s event will provide practical assistance on the development and implementation of a UK market entry strategy. It provides a crucial first step for Enterprise Ireland clients planning their approach to the UK market’.

ENDS

For further information please contact the Press Office at Enterprise Ireland