LEVERAGING THE INNOVATION ECOSYSTEM FOR BUSINESS ADVANTAGE: A CROSS-BORDER STUDY December 2012 intertradeireland. com Contents ACKNOWLEDGEMENTS 1 FOREWORD 2 1. INTRODUCTION 4 2. OPEN INNOVATION AND THE ECOSYSTEM 6
or beyond and opportunities exist to increase the relevance of, and connections to, the other innovation partners.
More diversity brought to innovation resulting in identification of more opportunities for growth; and Improved success rate of new products and services by making the innovation process stronger.
This report presents the results of a study to identify the broad characteristics, opportunities and barriers to a well-connected innovation ecosystem covering Ireland and Northern ireland from the point of view of the firm.
partnerships and attraction of funding and also gain opportunities from larger companies who wish to access their specific resources or knowledge. 2. Open Innovation and the Ecosystem 2 Henry Chesbrough, Open Innovation (Harvard,
on the one hand, for different, better or cheaper products and services and, on the other hand, to mobilise or exploit the opportunities and capacities within their value chains.
and Knowledge and IP the source of ideas and know-how that create innovation opportunities. Figure 2 on page 10 represents Intertradeireland's generic model of an innovation ecosystem depicting the connections and the flow of resources between firms and the other groups of actors within the innovation ecosystem.
Identify innovation opportunities in response to market demands. Signal interest in innovation to their customers or suppliers.
and opportunities is not unusual, even in traditional innovation processes. However, in the modern open view of innovation,
A notable opportunity for this is to foster a better understanding amongst small firms of how higher education institutes can contribute to supporting innovation.
A further opportunity exists to explore how business services organisations can support innovation in small firms.
D c.-based think tank at the cutting edge of designing innovation strategies and technology policies to create economic opportunities
We believe that Ireland has the opportunity to become the most competitive country in Europe
%The perception of entrepreneurial opportunities within the next six months in Ireland, at 26%,is lower than the OECD average of 33%.
etc) to increase the chances that more people discover the opportunity to start and grow their own successful business.
Innovation, the hallmark of entrepreneurial opportunity, is doubted too often or disregarded in favour of the safe choice.
and more established startup and growth companies to offer internship opportunities to‘youth unemployed'persons who are interested in entrepreneurship/startups as a career path.
We should not miss out on any potential opportunity for this group to support business growth
Many types of peer learning and mentoring opportunities emerge in a successful startup community, but in this chapter we focus specifically on peer mentoring groups. 3. 1 Peer Mentoring A central recommendation of this report is to revitalise the entrepreneurial culture of Ireland by developing strong networks of entrepreneurs helping
Instead, participants should be encouraged to seek out peer mentors, network opportunities and expertise that they need.
or money to access such learning opportunities. The Forum holds that every effort should be made to facilitate entrepreneurs in this Respect to this end,
Business Days These types of events serve as opportunities for entrepreneurs and aspiring entrepreneurs to network with each other with the option of attending seminars from guest speakers and obtaining mentoring from experts in their field.
The weekends culminate with presentations in front of local entrepreneurial leaders with another opportunity for critical feedback.
Their monthly‘fireside chat'interviews, startup mixers and annual conferences provide ample opportunities to connect with amazing startups
Networking opportunities increase commercialisation. Open spaces mix early-stage entrepreneurs with accomplished serial entrepreneurs. Formal and informal mentoring improve startup capabilities.
Many companies, from multinationals to local companies, already provide internship opportunities either paid or unpaid.
Such an incentive would energise smart money putting capital in new growth opportunities. Taxes would still be collected on such capital
and would become taxed on a final sale of the EII stock. 6. 2 Crowdfunding Crowdfunding is an exciting new form of raising capital that offers real opportunities in the area of alternative finance for startups.
Furthermore, there are opportunities to enhance existing interactions with entrepreneurs by providing information on Government supports at point of contact
They are the quickest to adapt to new opportunities and to the shifts that disrupt markets and business models.
which startups can truly thrive. 1 Defined as an individual's creative capacity to identify an opportunity
Develop the best infrastructure to support technology transfer into commercialisation as a new business opportunity (Knowledge Transfer Ireland;
so that all viable businesses have the opportunity to access sufficient finance to meet their needs.
facilitating entrepreneurial leadership. 6 Access to Markets Encourage local and national private enterprises to commit to offer opportunities for fledgling businesses to find a market.
and national authorities to commit to offer opportunities for fledgling businesses to find a market.
therefore, startups were a dynamic source of opportunity and drivers of economic revival. The Global Entrepreneurship Monitor (GEM),
Entrepreneurship in Ireland National Policy Statement on Entrepreneurship in Ireland 15 As might have been expected, diminishing perceptions of opportunity, increasing fear of failure and the dwindling number of successful role models
including opportunity startup motives, belonging to a technology intensive sector, the level of education as well as the uniqueness of the offered product/service.
GEDI Pillar Comparison Opportunity Perception Risk Acceptance Gender Opportunity Startup Start-up Skills Risk capital Cultural Support Product Innovation Process Innovation Networking Competition
including opportunity perception (the proportion of the population that can identify good opportunities to start a business), gender (the proportion of female entrepreneurs), cultural support and risk acceptance or fear of failure.
For an innovation driven economy, opportunity perception potential is a prerequisite to recognising and exploring novel business opportunities.
To exploit these opportunities, it is critical to have the proper startup skills and personal networks.
Even when both opportunity recognition and startup skills exist, attitudes such as fear of failure may prevent a potential entrepreneur from ever starting.
High growth potential is also critical and is determined by quality measures, including opportunity motivation for startups that belong to a technology-intensive sector, the entrepreneur's level of education,
and the level of competition. The institutional variables include the freedom to operate a business
weaknesses and opportunities across the ecosystem and will form the basis of an annual report to the Minister for Jobs Enterprise & Innovation.
opportunity perception, risk acceptance and percentage of female entrepreneurs are all areas where Ireland shows weakness compared to Denmark,
and highlight the career opportunities afforded by new business creation or acquisition are important in helping to change the perception of entrepreneurs. 1. 2 Human Capital Certain demographic groups tend to be underrepresented within the entrepreneurial population, especially females, young people, migrants and seniors.
Limited female networking opportunities; and Lack of technical expertise. It is essential that potential female entrepreneurs are made aware of the significant range of support programmes that have been put in place by the various enterprise agencies to address these challenges
LEOS, DJEI) Develop a programme engaging entrepreneurs in exposing students to the excitement and opportunity of entrepreneurship, starting with a pilot across LEOS.
Únag) Ensure that more people have an equal opportunity to start and run their own business Work with the Department of Social Protection to promote the Back to Work Enterprise Allowance,
laws and regulations, the Government and its agents must adopt the best approaches possible, optimising opportunities for economic and social progress and minimising potential negative effects.
and opportunities to support this agenda. It is also essential that rural areas have the capacity to benefit from the mechanisms proposed within this Policy Statement.
and represents an important area of opportunity for entrepreneurial led growth. There are also significant entrepreneurial opportunities in the heritage sector, particularly in more peripheral areas.
Opportunities range from traditional heritage tourism products to new opportunities in such areas as adventure tourism, outdoor sport & recreation, ecological and wildlife tourism.
Agri-food entrepreneurship can also be built on a strong commitment to sustainability and protection of natural assets.
The development of the Wild Atlantic Way and other themed trails is an opportunity for the growth of small food and drink business clusters,
and exploit opportunities for convergence between tourism and other areas of enterprise and entrepreneurship. The provision of support by LEO's and Local Action Groups to startup and developing tourism enterprises will be aligned with the Local authorities tourism objectives and plans for their areas.
the level of access to new support providers and the level of choice given to entrepreneurs Better integration of the Community Enterprise Centres into the Local policy for entrepreneurship The opportunity to make greater use
in an integrated way of the supports across government Opportunities to work with other stakeholders to develop hubs for entrepreneurship
and micro-enterprise sector will be enhanced considerably by offering easy access to a wider range of supports by tapping into the potential for local authorities to use their reach to open up opportunities and solutions for startups,
A cross-border approach to entrepreneurship offers an opportunity for the entrepreneur to access resources such as capital, labour and technology that can spark new ideas.
and develop North/South trade and innovation opportunities through business programmes, research and statistics and networks and partnerships.
A huge opportunity exists to build synergies between enterprises in both jurisdictions for mutual advantage
and support. 36 National Policy Statement on Entrepreneurship in Ireland Advances in technology have created new opportunities for companies to innovate their service delivery and business processes.
These opportunities include new monetising models new channels for service delivery and improved customer experiences.
which demonstrate a clear industry need and competitive market opportunity. Extending Science Foundation Ireland's (SFI) mandate to include applied research and increasing industry participation in SFI centres (30%industry contribution, cash and inkind) The introduction of SFI's industry Fellowship Scheme,
The establishment of Knowledge Transfer Ireland (KTI) as a central reference point for entrepreneurs, investors and industry, signposting them to the wealth of technology opportunities
A key indicator of success will be increased an flow of new enterprises exploiting technological opportunities. 3. 5 Horizon 2020 The National Support Network for Horizon 2020 is focussed on ensuring that Ireland continues to perform strongly in the EU Research
Promote commercialisation opportunities and entrepreneurship bootcamps among high-tech targets, Promote the temporary relaxation in permit rules for startups.
Develop the best infrastructure to support the commercialisation of technology as a new business opportunity (Knowledge Transfer Ireland;
and industry, signposting them to the wealth of technology opportunities and academic talent that exist in Research Performing Organisations.
KTI) KTI will create a searchable national database of licencing opportunities in order to increase the visibility of research opportunities to industry.
KTI) Maximise opportunities presented by Horizon 2020. EI, SFI, IRC) A stable and appropriate supply of finance promotes growth,
and investment opportunities A stable and appropriate supply of finance promotes growth, encourages startups and enables existing firms to expand by exploiting trade and investment opportunities.
It also brings benefits to the economy by supporting business growth and market competition, thereby generating wealth
Banks also need to explore opportunities for increased co-operation with non-bank financial institutions as a way of ensuring that Irish startups
Both of these funds will offer opportunities for accessing financial guarantees, with the former open to all SMES and the latter aimed at SMES in the Culture and Creative Industries (CCI) sector, primarily the audiovisual sector and trans-European cultural co-operation projects.
while comparatively small in relation to other enterprise facing programmes, provides some opportunities for improving access to finance for SMES
so that all viable businesses have the opportunity to access sufficient finance to meet their needs Improve monitoring of the supply and demand for bank credit within the SME sector, particularly, the high rate of refusal among micro enterprises, taking account
and lenders and to ensure bankable projects have a fair opportunity for funding. D/Finance, CRO) Promote the Loan Guarantee Scheme as an option for innovative startups.
and connectivity to help the network's members exploit opportunities. EI will roll out online networks to other client groups in coming months.
The increasing desire and capability of the main stakeholders to support other entrepreneurs and to act collectively presents many opportunities and signals a new era for entrepreneurship in Ireland.
which will in turn increase economic opportunity, business creation and employment. Strengthening the linkages between the main stakeholders
and maximise the opportunities available from the public sector. The primary focus is to raise awareness of the innovative solutions provided by Irish companies to the public sector in Ireland,
such as the EU and the United nations. EI is also helping companies identify procurement opportunities in overseas markets
The irish public sector also presents market opportunities as a reference site to enable companies to tender for and secure contracts overseas. 6. 3. 1 Small Business Innovation Research (SBIR) in Ireland
The purpose of the SBIR programme is to offer an opportunity for businesses, particularly early-stage companies,
the team has guided an in depth strategic assessment of the opportunities presented by global sourcing, and the development of a joint agency strategy to outline the core actions required by EI
while the ongoing engagement of EI and IDA with clients is helping to identify those companies with procurement models which represent the most addressable opportunities in the short to medium term
The Global Sourcing project is intended to help build a pipeline of opportunities for EI client companies to sell into MNCS in Ireland and, based on potential, scale and suitability,
implying that many others may be missing important opportunities for increased competitiveness, growth and jobs. Startup and smaller businesses operating in the domestic economy need to be encouraged to access a wider market
and exploring opportunities in a new cross-border market. Acumen is designed to stimulate cross-border business for small and medium enterprises that already have a proven track record in their home market.
Access to Markets Encourage local and national private enterprises to make a commitment to provide market opportunities for fledgling businesses Promote the expansion of programmes through which retailers
EI, IDA) Encourage local and national authorities to make a commitment to provide market opportunities for fledgling businesses Encourage local authorities to support startups by providing display space, promotional events and procurement opportunities.
which will provide opportunities for innovative solutions to be developed to meet the needs of public bodies.
encourages start-ups and enables established firms to grow by exploiting trade and investment opportunities. Lending rates from banks,
-Index Competition Competitors Market Dominance Human Capital Educational Level Staff Training Technology Absorption Technology Level Tech Absorption Gender Female Opportunity
TEA Female Opportunity Start-up Opportunity Freedom Entrepreneurial Attitudes Sub-Index Cultural Support Career Status Corruption Networking Know Entrepreneurs Internet Usage Risk Acceptance
Risk Acceptance Business Risk Start-up Skills Skill Perception Tertiary education Opportunity Perception Opportunity Market Agglomeration Note:
The industry also has the opportunity to take a tax deduction based on production levels, which can sometimes be greater than the total amount of federal taxes on the industry.
D c.-based think tank at the cutting edge of designing innovation strategies and technology policies to create economic opportunities
This creates opportunities at a time when new unconventional fossil reserves have decreased emphasis on large-scale deployment of renewable energy technology in the U s. Moreover,
Industry is offered opportunities to give input on the changing needs of ecosystems. Absence of one or more of the key components substantially hinders an ecosystem's ability to provide returns on investment
Smaller biotech companies find opportunity in these circumstances and innovation through acquisition continues to be an important strategy by larger firms.
Innovation Policies 30 3. 4 Good Practice Case 34 3. 5 Possible Future Orientations and Opportunities 36 Appendix A Bibliography 39 Appendix
future actions and opportunities for innovation policy The policy measures seem to have addressed broadly the main challenges of the region.
and provide at the same time opportunities for them to engage in innovation collaboration with industry actors. Automotive industry is of an outstanding importance from the point of view of R&d activities.
the conditions of the cluster-based promotion opportunities were made soon much stricter than initially, since a plethora of new‘clusters'emerged
and Opportunities The strategic documents that were prepared recently by regional stakeholders (such as RIS3 and county-level strategies) have reiterated some of the past challenges
and opportunities, claiming that innovation policy should keep focusing on them. These include Enhancement of regional economic actors'R&d-based upgrading.
New ones are related to green industry and sustainability, health industry, physics and big data analysis. As for the sectoral opportunities,
partly because they have recognised the opportunities stemming from these industries, and partly because they consider that sustained policy attention could contribute to the further development of recent‘tangible achievements'.
Focus on green innovations and on energy efficiency projects In addition to the green mobility related opportunities detailed above,
The interviewed innovation policy stakeholders were not optimistic with respect to future opportunities. On the one hand, the institutional instability that characterises the regional and the national innovation systems effectively curtails long-term investments in linkages building.
and generate employment in locally traded sector 4. To build an indigenous engine of growth that drives up the export market share of Irish companies 5. To build world-class clusters in key sectors of opportunity In addition,
To build world-class clusters in key sectors of opportunity 9 of the 10 top global software companies 9 of the 10 top global pharmaceutical companies top global medical technologies companies
We also want to increase access to procurement opportunities from all government departments and agencies that engage with enterprises.
there is now an opportunity to address both cyclical and structural constraints in the financing of the SME sector and the continuing issue of the need for prompt payments.
We are introducing closer monitoring of impacts to measure performance and to test areas of opportunity against international benchmarks in the areas of job creation, startups, market penetration, innovation, efficiency of public sector interface with enterprises, cost competitiveness, finance
sustainable SMES with every opportunity to access the funding they need be it bank financing,
employer input to the development of education and training provision, creating sufficient and sustainable work placement opportunities and the development of apprenticeships in new economic sectors.
and the wider diaspora aware of opportunities available for them to return to apply their skills
which will highlight job opportunities and available ICT programmes throughout Ireland to students and their families in advance of the 2015 CAO deadline.
We will also engage proactively with the diaspora as part of our Diaspora Policy to promote job opportunities here,
industry and education through Smart Futures to raise awareness of STEM career opportunities for post-primary students, in line with the agreed 2014-16 strategy.
HEA) 32 10 Maintain the level of awards under the IRC Employment Based Programme to provide opportunities for MSC
Irish Research Council) 11 Continue to implement the pilot phase of the Post Graduate programme of Professional Practice to provide graduates with opportunities to develop cross disciplinary skills in STEM based sectors with enhanced engagement
DJEI) 28 Implement 2015 Research Professorship Programme to attract leading research talent to Ireland in key areas of opportunity.
Growing the economic base of regions supports social cohesion and provides opportunities for young people in particular to continue to live
Direct engagement with the diaspora from a local level also has the potential to open up local investment and job opportunities.
The increased emphasis on supporting the regions also provides an opportunity to place renewed focus on local and rural development
Energy is an area offering substantial economic and job creation growth opportunities for Ireland. Ireland has substantial clean energy resources, a very strong ICT sector,
storage and control solutions along the energy value-chain for international markets and seek to maximise related manufacturing opportunities.
and policy commitment to exploiting the economic opportunities that arise from moving to a low carbon society over the medium to long term.
and of most potential opportunity for Ireland and to attract significant private enterprises and investment to Ireland in terms of sustainable energy supply chain opportunities.
Our current areas of success include: Advanced energy efficiency in buildings and industry, rooted in ISO standards,
Driving Economic Opportunity The last of these priorities, Driving Economic Opportunity, is particularly pertinent to the Energy Innovation Hub Disruptive Reform,
The Government has established also a new Horizon 2020 Strategic Research Proposals Group to identify large-scale EU funding opportunities for businesses
It is focused exclusively on identifying opportunities and mobilising EU funding applications for large scale projects of strategic value,
Develop a targeted campaign to achieve greater international awareness of the opportunities to develop leading edge energy products among companies with an existing or new presence in Ireland.
SEAI) 56 Progress initiatives to exploit the full range of opportunities identified in the SEAI/EI/IDA report on Energy Supply Chain Opportunities for Ireland.
International indicators for intellectual assets management show that there is opportunity for Ireland to strengthen its performance in this area
research centres and technology-licensing opportunities to benefit their business. The broader IP environment should also support firms in realising internationally competitive returns from their IP activity
while this new growth opportunity presents complex and multiple policy challenges Ireland has made good progress across the key areas.
Task force on Big data, DJEI) 90 The Task force on Big data will review the opportunities for Ireland arising from the Internet of things
and develop specific policy actions to develop those opportunities. Task force on Big data, DJEI, IDA) 91 Establish interdepartmental committee on data protection issues and related structures.
In APJ 2014, the Government-through the Department of Jobs, Enterprise and Innovation-allocated additional funding to the enterprise agencies to increase their focus and footprint in high growth and emerging markets and new areas of opportunities
the opportunity for job creation in Ireland. It also includes working with first time exporters and providing a range of programmes to exporters to develop the capabilities of Irish enterprises to grow exports through programmes aimed at both existing exporters and potential exporters.
build further opportunities internationally for emerging and established Irish companies and artists by presenting their work at strategically important global arts markets.
By taking part in this voucher scheme it has helped us take stock of the overall direction of the business which has enabled us to identify new opportunities
Since its launch in the summer of 2013, over 2, 500 employers have availed of the opportunity to give over 3,
As the economy moves into a new phase of growth there is now an opportunity to develop a policy agenda that addresses both cyclical and structural constraints in the financing of the SME sector and the continuing issue of the need for prompt payments.
or policy opportunities that may emerge during the course of the year. The establishment of the SBCI is a clear example of a more comprehensive and ambitious delivery over the initial Action Plan for Jobs commitment.
Additionally there is scope for the SME State Bodies Group to identify potential opportunities to combine initiatives so as to maximise their potential benefits to SMES. 64 2015 Actions Effective Implementation 102 Implementation of the SBCI
The establishment of the SBCI affords a clear opportunity for a deeper and more intensive collaboration with the EIB in particular and,
Closer co-operation with the EIB and EIF also provides a potential opportunity to develop initiatives that would support the SBCI's broader developmental mandate.
there would appear to be a great opportunity to maximise our engagement with relevant elements of the Multiannual Financial Framework,
Indeed, the ESRI indicates that there are opportunities to expand the use of equity financing by the more domestically orientated cohort of Irish SMES.
and opportunities for young unemployed people and those who are unemployed long term; Promoting employment supports; and Ensuring the effectiveness of referral from Intreo to further education and training.
and youth employability initiatives, including skills development and experiential learning opportunities for young people and the provision of valuable volunteer opportunities.
DCYA) 134 Continue to promote mobility and learning opportunities in the youth work sector and the take-up of EU funding mechanisms available such as the new Erasmus+Programme.
Public procurement will continue to provide an important opportunity in the domestic market for Irish companies,
Public procurement also provides an opportunity for innovative firms to win contracts which can serve as reference points for competing in overseas markets.
In 2015 this will include publication of a study on the economic opportunities and impacts
Work to increase SME awareness of public procurement opportunities and identify further measures to assist public sector procurement;
EI) 137 Publish the Independent Study on economic opportunities and impacts, including sectoral effects of a potential Transatlantic Trade and Investment Agreement.
and use such initiatives as the Africa Ireland Economic Forum to identify new opportunities for investment
and implement four new market initiatives to target specific end-market opportunities matched to The irish supply capabilities.
EI) 158 Work to increase SME awareness of public procurement opportunities. EI) 159 Support Irish companies seeking to participate in procurement overseas through engagements for SMES with International Financial institutions.
. ie to inform SMES of opportunities that will arise during the year. DPER/OGP) 163 Transpose the EU Public Procurement Directive and the EU Utilities Directive.
and training agencies to assist in identifying procurement opportunities that are suited best to facilitating social clauses aimed at reducing long term unemployment
and improving access to training opportunities in disadvantaged areas. DPER) 166 Examine ways of improving the supply of innovative products and services, where appropriate, in public procurement.
creative coproduction feature film opportunities for 5-10 creative co-productions. Overall, over 40 projects will be supported,
EI) 183 Support entrepreneurship by training more scientists in SFI supported research teams to launch their own businesses and supporting translation of research to commercial opportunities.
Bord Bia, EI, Teagasc) 88 195 Develop a joint strategy for the positioning of Ireland to take advantage of new opportunities in the Electronic Payments sector,
which can serve the basis of new spinout company opportunities in Ireland. EI) 199 Develop an action programme of support for pre-investment HPSUS.
and networking opportunities nationally during the week for at least 15,000 members of The irish public and international visitors thereby creating the conditions for the creation of at least 2, 500 new jobs in the following 12 months.
Startup Ireland will lead an international Kickstarter campaign to raise a‘Diaspora Startup Fund'to support the flights to Ireland of 50 Irish emigrants for the Startup Gathering to investigate pursuing their startup opportunity back in Ireland.
and increase partner opportunities for Ireland's state supported Research Centres; The Startup Gathering Census will produce an online internationally visible map that will increase the international visibility of Ireland's startup sector
To create culture change by providing the opportunity for students to learn by doing by participating in relevant events and meeting international entrepreneurs;
and To attract ICT professionals from around the world that are interested in the startup opportunities offered by Ireland as a hub for technology startups.
The Government has used the opportunity to hold overall spending steady and make some targeted increases in areas of priority.
productivity and competitiveness improvements and facilitate access to emerging international opportunities. EI) 254 Embed graduates in international markets for Enterprise Ireland clients to help them to internationalise
in light of a more optimistic economic outlook, there is now an opportunity to set them in context
and research institutions valuable opportunities to participate in high-calibre research collaborations with our European counterparts.
and capacity in key areas of opportunity or need including Sustainable Food, Energy and Manufacturing to improve Irish competitiveness.
IRC) 286 Explore joint funding opportunities with UK funding agencies, including Research Councils UK, the Department for Environment, Food & Rural affairs UK, and others.
SFI) 287 Engage with relevant industry sectors and public sector bodies to maximise the downstream commercial opportunities of the EU Copernicus Programme.
Bord Bia) 309 Sustainable Food Systems Ireland will identify opportunities and develop commercial project proposals, with the relevant government agencies,
Provide opportunities to develop new products and services, for example in the marine technology and biotechnology area;
and Offer spectacular tourism and leisure opportunities and a rich maritime culture and heritage. 2015 ACTION PLAN FOR JOBS 119 The direct economic value of Ireland's ocean economy was estimated at some €1
and ensuring a highly skilled workforce and opportunities for construction jobseekers. We have made good progress to date.
and the challenges and opportunities that they present. These trends, sluggish global economic growth, and elevated levels of debt and unemployment at home, all increase the importance of developing new sources of economic growth.
Specific opportunity areas identified include Smart Ageing, Design, Financial services, the Internet of things, Additive Manufacturing, the Green Economy,
and sector specific policies and initiatives throughout the Action Plan for Jobs to help Ireland's enterprise base respond to opportunities,
Ireland's opportunity in Smart Ageing was identified as a key priority through the Global Irish Economic Forum 2013
and was identified subsequently as one of 11 sectoral opportunities in the Action Plan for Jobs 2014.
and to identify Ireland's strengths and opportunity areas. The group will report with an assessment of opportunities
and next steps. 2015 Actions Smart Ageing 342 Bring final report and proposed action plan to develop the Smart Ageing opportunity areas for Ireland to Government for approval.
D/Taoiseach, DJEI and Interdepartmental Steering Group) 11.2 Growing Sales Through Leadership in Design The Government has designated 2015 the Year of Irish Design.
It represents an opportunity to promote and develop further Ireland's 2015 ACTION PLAN FOR JOBS 131 capabilities in business-related design across all sectors of the economy
Reflecting the excellent opportunities which the design sector represents for growth and further employment, the Government is supporting ID2015 as an outcome of the Global Irish Economic Forum at the end of 2013.
DCCOI, ID2015) 345 Promote enterprise opportunities in universal design working with key stakeholders including NSAI, professional bodies, education sector and industry.
and for the sector to be in a position to take advantage of new and emerging global opportunities for the remainder of the decade. 2015 Actions Developments in Financial services 349 Publish a new Strategy for the International Financial services (IFS) Sector.
In 2015 the Taskforce on Big data will assess the most appropriate policy response to this new and emerging opportunity
and job creation. 2015 Actions Internet of things 352 The Task force on Big data will review the opportunities for Ireland arising from the Internet of things
and develop specific policy actions to develop those opportunities. Task force on Big data, DJEI, IDA) 11.5 Innovative/Advanced Manufacturing By 2020 manufacturing will be different from
These changes offer significant opportunities for the future of manufacturing in Ireland, although they involve disruptive changes to established business practices and to ways of working.
The real opportunity (and challenge) is to position Ireland as a Centre of Excellence for manufacturing technologies-to build a reputation for being at the leading edge of technology development and adoption.
The growing international emphasis on reducing greenhouse gas emissions and improving resource efficiency presents a major opportunity for indigenous enterprises to grow
therefore be on additional actions to increase Ireland's international reach (including trade opportunities) and to communicate the performance of Ireland's Green Economy more effectively
The opportunity will also be taken to explore the potential for the development of new employment opportunities in the Green Economy at regional level as part of the development of Regional Enterprise Strategies.
will also continue to explore areas of opportunity to support job creation in the Green Economy. 2015 Actions 357 Carry out Cleantech Trade missions
and services available from Irish companies in the sector and to develop export opportunities for them.
DJEI) 363 Through the Consultative Committee on Jobs in the Green Economy, continue to identify new opportunities to support job creation in the Green Economy.
and Reviews 366 Develop a strategy to investigate new market opportunities in 4 high growth markets.
DECLG) 378 Complete research to identify clusters/sectoral ecosystems on an all-island basis with the opportunity to grow jobs.
and licensing opportunities. SFI, EI) 382 Develop a strategy to improve the performance of Irish business in relation to securing contracts with International Financial institutions.
-five ranking in international competitiveness To build world-class clusters in key sectors of opportunity To build an indigenous engine of growth that drives up the export market share of Irish companies To stimulate the domestic economy
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