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15.2 bln export, 2.14 bln new sales, 93 mln research, 9,076 jobs, 518 vouchers and 93 HPSUs

Enterprise Ireland’s Annual Report and Accounts for 2011 published  show that Enterprise Ireland client companies achieved record levels of exports of €15.2bn in 2011.  This exceeds the pre-recession record levels of 2008 and is the highest ever annual export gain achieved by Enterprise Ireland client companies. 
Among the key achievements as part of Enterprise Ireland’s strategy to support Irish businesses in 2011 were:

  • New export sales exceeded €2.14bn
  • Levels of employment in client companies stabilised.  9,076 new jobs created by client companies while job losses were the lowest recorded in recent years.
  • Enterprise Ireland supported 93 new high-potential start-ups, approving €20.4m in funding, and there were 19 follow-on investments in high potential start-ups, valued at €3m.
  • 484 client companies participated in 42 trade fairs and missions.
  • Leveraging the diaspora in conjunction with Department of Foreign Affairs and Trade.

RESEARCH AND INNOVATION

  • 743 client companies engaged in significant R&D projects (spending over €100k per annum)
  • 54 companies were involved in substantial R&D projects (spending over €2m per annum)
  • 518 Innovation Vouchers redeemed.
  • €93m in European Union Research and Technology Development (Framework 7) funding secured for Ireland.
  • The Technology Centre  programme, which Enterprise Ireland runs jointly  with IDA Ireland, was expanded with the launch of manufacturing and energy efficiency technology centres
  • Enterprise Ireland’s support system for commercialising public-funded research saw 118 pieces of commercially valuable technology being licensed to industry and the creation of 31 new spin-out companies.
  • 139 collaborative R&D projects were undertaken by third level research groups supported byEnterprise Ireland.

BUSINESS FUNDING

  • €22m AIB Startup Accelerator Fund was launched, with €2m investment from EnterpriseIreland, bringing the total to €645m in seed and venture capital funds open for new applicants.
  • 160+ support packages of €100k+ approved for established SMEs and large companies.
  • €10m in angel investments in 33 companies, and 30 international venture investments in client companies.

MANAGEMENT DEVELOPMENT

  • 295 CEOs and leaders participated in significant Enterprise Ireland flagship management, leadership, growth and selling programmes; 789  executives took part in short programmes

BUSINESS DEVELOPMENT

  • Over 80 Enterprise Ireland backed entrepreneurship programmes took place, providing participants with the business skills, contacts, mentoring and support to potentially transform their innovative ideas or technologies into exporting businesses.
  • 110 clients were teamed with international business accelerators
  • 347 Irish businesses supported with a mentor from our panels of Irish and overseas mentors.
  • €10m International Fund to attract entrepreneurs from overseas launched
  • Enterprise Ireland’s Management 4 Growth programme to foster exceptional  management talent and Enterprise Ireland’s pilot leadership network for chief financial officers were launched
  • Over 170 companies were approved funding for Lean and Green projects, boosting the competitiveness and sustainability of Irish industry.

OTHER

  • ‘Education in Ireland’ was launched as the new umbrella brand for the drive to promote Irish education abroad, which is led by  Enterprise Ireland, and aims to double the number of international students studying in Irish higher education institutes by 2015.
  • Our first office in South Africa was opened
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