Ireland is a small country in size and population: it has just 4.78 million inhabitants. However, before and during the pandemic, it is still considered one of the best places to do business. In fact, Ireland is the main Western European country for investment, in addition to being in the top 10 innovative countries globally. Low tax rates is the main reason. But also its leadership in business services due to its high IT and its great infrastructure. For all this and more, it is not surprising that it is a hotbed of important startups.
Top 5 startups in Ireland
Ireland has one of the largest MedTech access points in the Eurozone, hosting more than 300 companies. Even 9 of the top 10 companies in the world operate there, along with 10 of the top pharmaceutical companies. Regardless of the current global crisis or pandemic, the Emerald Isle is home to more than 2,200 startups.
Ireland has been named ‘the fastest growing economy in the EU’ for the fifth year in a row. These are 5 startups that emerged in Ireland.
Founded in 2017, this company offers AR glasses to technicians and engineers, which show them information while they work, in real time. This streamlines complex tasks and also enables remote assistance. In 2019 it raised 600,000 euros, which led to millions in profits in 2020, demonstrating high growth.
Founded in 2018, this company offers a platform that helps even people who don’t use technology to take care of technology at home. This means that it helps them diagnose problems, while also receiving technical support and connecting devices. In 2019 it raised more than 8 million funds to expand to the rest of Europe.
Founded in 2017, this company is considered the first parking market in the entire EU, with more than 11 thousand spaces available. It offers the option of finding empty parking spaces thanks to its platform. This startup has won awards such as the Best Smart City Solution in Brussels, as well as the Lisbon Challenge 2017, among others.
It is the research and innovation center of the Waterford Institute of Technology. At their business incubators in Waterford and Kilkenny, they help entrepreneurs harness their talents and ideas and turn them into successful businesses. Its incubators support a community of high-tech startups and growing businesses.
It is a startup located in the heart of Dublin’s Digital Docklands. Its mission is to accelerate the development of Ireland’s startup ecosystem. It has more than 45 companies and more than 300 members. Its graduates include many of Ireland’s fastest growing tech companies including Instagram, Intercom, Boxever, Voysis, Twilio, Logentries and Profitero.
Of course, there are many more startups that are leading the scientific and digital field on the Emerald Isle. Ireland will undoubtedly offer many more surprises for this year, expecting this time to continue even in the face of global events such as Brexit or the pandemic. Contact us for more information about how to invest in Ireland.