eoin costello speaking at google #atmosphere2104 dublin on making dublin a global tech startup hub
DESCRIPTION
The video of the talk is available here - https://www.youtube.com/watch?v=qjGSGhDnw1ETRANSCRIPT
#atmosphere14
Staffing @ GoogleEoin CostelloCo-FounderStartupIreland
#StartupIrelandChanging hearts and minds towards entrepreneurship in
Ireland
"Your competition is no longer multinational powerhouses in China or India. Your competition now is the hyper-connected startup anywhere in the world that is using exponential technologies to dematerialize and demonetize your products and services."
Peter H. Diamandis Co-founder and CEO
10 years ago the optimal amount of capital required to help a software company to scale successfully:● $15 million
The same can be achieved now for: ● $1 million
“Small teams of individuals can do what only governments and large corporations could have ever done in the past.”
#Dublin as an international hub for tech startups?
Tech startups per million inhabitants
(Bowei Gai, World Startup Report)
#1 in the world at 375 per million inhabitants
No rank, researcher did not include Dublin
Accelerators 36(http://mappedinisrael.com/)
12 (Activating Dublin report)
Number of tech startups per annum
1,900 (Tel Aviv Startup City 2013)
200 (EI HPSU + Accelerator
numbers only)
39% of Israeli high tech employees work in the R&D Depts of tech multinationals located in Israel.
Why is this something that I am personally motivated about?
“Ireland has some amazing entrepreneurs but not nearly enough of them.”
Minister Richard Bruton
“Where would we start, with a degree we can get a job and the employer provides the framework...” Final Year Undergrad
● The average hours worked by early stage entrepreneurs: 74 hours per week
● The average salary of early stage entrepreneurs:
€25,000● The average time to first
enterprise sale: 16 months
“What matters in Silicon Valley is how much effect you have on the world.” Paul Graham
Cities & Ambition
The Ask
What’s different about ● All startups located within the parent
company offices.● Global acceleration model - part of an
international network.● Championed within the parent
multinational Telefonica.
“As a result of Wayra OptiWifi has successfully won a global contract with Telefonica to deploy our tech on over 1 million wifi access points in 15 countries. If we had not been on the Wayra Accelerator this would not have happened.” Mark Burke CEO
Corporate venturing supports available from Startup Europe Partnership● Exposure to grass-roots innovation● Access to an international pan-European deal flow● Access to SEP database (powered by AngeList)● Scouting and Filtering
#atmosphere14