For the benefit of first-time readers of our blog, we believe education is one of Ireland’s biggest selling points for overseas companies looking to set up operations here.
Of course, if you are a frequent reader of these pages you’ll know we have covered this topic many times.
- we wrote about Beckman Coulter describing the ‘high calibre’ workforce in Ireland as a reason for growing their presence here.
- we highlighted our skilled workforce as one of six key reasons companies decide to set up in Ireland
- we discovered that our education system helped us rank 2ndin the KOF Globalisation Index.
The story just got even better.
During the summer months it was announced that Ireland will get its first Technological University (TU Dublin).
The new TU Dublin will be a merger between Dublin Institute of Technology (DIT) in Grangegorman, Institute of Technology Tallaght and Institute of Technology Blanchardstown.
Once up and running, TU Dublin will be the largest third level education institution in Ireland with a student population of almost 30,000.
This decision again demonstrates how joined up the education system is with industry, making sure that the skills young adults develop are transferable to the available job opportunities that employers have or will have in the future.
The Thriving Irish Technology Sector
The technology sector is an important part of the Irish economy.
Microsoft was one of the first major tech companies to land on these shores over 30 years ago. The software sector now employs 24,000 people across 900 companies, which are a mix of multinational and indigenous firms. This generates €16 billion in exports annually.
Google has established its European Headquarters after setting up its first office here 15 years ago. Since then social media giants Facebook, Twitter and LinkedIn have joined the ranks of companies that call Ireland home. The Information Communications Technology sector employs over 37,000 people and exports €35 billion annually from Ireland.
It has taken the Institutes seven years of planning to get the government’s approval to launch the university but the reward for the time and effort committed will be huge.
The technology sector has evolved so much in the last few decades. Technology is too broad a description for the companies that operate here.
In addition to software, chip makers and information communications companies, there are cloud computing, SaaS, IoT, clean tech and medical technology companies in operation. It’s crucial that the country meets the human resource needs of these companies; and educating Irish school leavers through the appropriate courses is the logical conclusion.
Of course, not all the roles can or need to be filled by Irish people. Enterprise Ireland and the IDA have created the Tech Life Ireland hub as a means for overseas talent to identify job opportunities in Ireland.
Are you part of a tech firm looking to expand overseas?
Smart MBS can help you realise your international aspirations.
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