Read up to know why studying in Ireland could be the wisest decision
Indeed, Ireland has joined the ranks of the world’s most prominent tech hubs, which include San Francisco, Tel Aviv, and Beijing. Many prestigious companies are relocating their European headquarters from the United Kingdom to Ireland due to the country’s strategic location, modern infrastructure, structured taxation system, and the Brexit effect. This concludes the discussion; there are numerous justifications for Ireland’s elevated status among technology centers.
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The Institute for Management Development (IMD) ranked Ireland as the sixth-most competitive country in the globe in 2018. In general, the nation endeavors to cultivate the talent of its citizens at the grassroots level through a variety of government initiatives.
| What is the primary reason for global corporations to select Ireland? |
| Eight of the top ten gaming corporations |
| Nine of the top ten global ICT corporations |
| Eight of the top ten global pharmaceutical corporations |
| Six of the top seven diagnostics companies |
| 15 of the top 20 medical device manufacturers |
| Fifty percent of the world’s most innovative financial service providers |
What makes Ireland the Silicon Valley of Europe?
The majority of the world’s technology champions are currently in competition with Ireland due to the region’s well-balanced combination of innovative indigenous firms and global corporations. Additionally, approximately 2,10,000 professionals are employed by the Irish technology sector, which accounts for 13% of the nation’s GDP.
1. Dublin as the center of tech companies
Dublin is not only the EMEA headquarters for companies such as Google, Slack, Facebook, Dropbox, LinkedIn, and Zendesk but also the home of numerous start-ups, thanks to its innovative and supportive business environment and favorable taxation system. Furthermore, Dublin is advantaged by the exceptional talent that is available from both within the EU and beyond.
2. Business location that is strategically located
Investing in Ireland is a prudent decision due to its fast-paced economy. Additionally, Ireland’s tax frameworks are among the most advantageous in the world, which has attracted numerous foreign corporations to establish operations in the country. This results in an increased need for a workforce that is both flexible and highly educated in order to facilitate the implementation of a global business strategy. In addition, Ireland is regarded as the most globally connected nation in the globe.
3. Welcoming talent from abroad
Ireland is renowned for its business-friendly environment, which not only assists existing companies in operating efficiently but also encourages new ones to establish operations. Additionally, the IDA’s visa and work permit assistance programs and the warm reception of Irish citizens foster multiculturalism, thereby offering opportunities to individuals who intend to relocate to Europe.
4. There are available office spaces that are ideal.
In order to increase their European presence with minimal investment, the companies are acquiring satellite and micro-offices in Ireland, which are smaller offices that are dispersed throughout the city. Additionally, corporations that require substantial facilities are expanding into less densely populated regions of the Dublin suburbs or in cities such as Galway, Cork, and Limerick.
5. The impact of Brexit
The most significant factor in the country’s development in the technology sector has been the shortlisting of Ireland as the EMEA headquarters by companies who have based their investment criteria on Brexit.
6. Irish Research and Development
Corporate research initiatives are contributed to by Irish research and development centers with public funding. The private research organizations, which are also financially supported by IDA’s grant support and Ireland’s 25% R&D tax credit, are further complemented by this public research.
7. The Centre for Research on Adaptive Nanostructures and Nanodevices (CRANN)
This is a collaboration between the most distinguished researchers in material science and industry to develop the most advanced materials and technology for a variety of sectors, including healthcare, manufacturing, and ICT. Furthermore, this is the nation’s premier nanoscience institute and one of the major research institutions located at Trinity College Dublin.
8. The Insight Centre for Data Analytics
The entity integrates the expertise of industry executives with the skills of seasoned researchers to develop analytics solutions and next-generation data acquisition for a variety of application streams.
Additionally, the organization is one of the greatest data analytics centers in the European region. It is primarily responsible for conducting high-impact research, extracting valuable information from Big Data to provide innovative industry-oriented technology solutions, facilitating improved decision-making, and, as a result, improving society.
9. The Irish Software Engineering Research Centre (LERO)
The organization is tasked with the responsibility of assembling significant software engineering teams that operate within a coordinated center of research excellence. The purpose of this is to establish a unified direction and a strong industry focus on Evolving Critical Systems. It operates in a variety of application domains, including artificial intelligence, fintech, cybersecurity, smart communities, agriculture tech, government tech, and health tech, as well as driverless vehicles.
10. Tyndall National Institute
A research center that is recognized as the largest of its kind in Ireland and is a leader in European research. This research center is renowned for its expertise in the fields of ICR Research, Photonics, and Micro and Nanosystems. Their primary research interests encompass: