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Dáil Éireann Debate, Tuesday - 2 December 2014

Tuesday, 2 December 2014

Questions (245)

Eoghan Murphy

Question:

245. Deputy Eoghan Murphy asked the Minister for Jobs, Enterprise and Innovation the number of companies that have started here or expanded-moved here over the past three years as a direct result of Government and State agency contacts made during the Dublin Web Summit. [45877/14]

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Written answers

In November 2014 over 20,000 people travelled from across the globe to attend the Dublin Web Summit where over 300 speakers took part across multiple stages, workshops and roundtables. This was Europe’s largest Tech Conference and was a significant event from the perspective of the enterprise development agencies under the aegis of my Department IDA Ireland and Enterprise Ireland. Many of the agencies’ target client companies attend the Summit. During the course of the 2014 Web Summit over 400 FDI jobs were announced in 8 technology firms in Dublin, Cork and Galway across a number of sectors including social media, software development and digital marketing. Indeed since 2010, over 100 high growth global companies have set up in Ireland, working in close collaboration with IDA Ireland. In relation to companies that are supported by Enterprise Ireland, I am informed by that agency that it has recently decided to invest in a company which it met at the summit three years ago. Additionally the agency continues to be in discussion with other companies which it met at previous summits. Details of the investment and the companies have not yet been announced, and I’m sure that the Deputy will appreciate that it would inappropriate for me to go into further details at this stage.

Suffice to say, however that there is often a long lead in time between initial contacts by the enterprise development agencies and the coming to fruition of a project. As the web summits have grown in size future relocations and referrals are expected to grow. I have no doubt that the contacts made at this years and previous year’s web summits will continue to lead to jobs growth and investment in the years ahead.

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