Ireland

Mid-East Region

MEMBERS:
Meath Enterprise

The Mideast startup and scaleup ecosystem is poised for significant growth as we emerge from the Covid crisis. We have seen significant experimentation in flexible business models and work patterns which we expect will accelerate development and improve sustainability in the years ahead.

Michael Brougham PhD
Regional Director at Enterprise Ireland
Top 10 Activation Phase Ecosystem: Performance

Highlights

Traditionally a region of green fields and farms, the counties encircling Dublin have been growing steadily for decades. With easy access to the capital, government support for growing companies, and its historical strength in agriculture, the Mid-East Region has a growing reputation as a startup ecosystem, particularly for AgTech and food-related companies. The Regional Enterprise Development Fund (REDF), launched in 2017, supports new collaborative and innovative initiatives in the region. REDF has poured $9.48 million into the Mid-East for projects including the County Kildare Community Network co-working space, the Boyne Valley Food Innovation District, Clermont Enterprise Hub, and UCD Nova DAC AgTech innovation hub. Through the Agile Innovation Fund companies can access grants to cover up to 50% of eligible R&D costs through an online fast-track approval process. The Competitive Start Fund offers up to €50,000 for 10% in ordinary shares to accelerate the growth of startups in all sectors that are targeting global markets. Startups with the potential to create 10 jobs and €1 million in export sales within their first 3 years may be eligible for support from Enterprise Ireland as a High Potential Start-up (HPSU). Notable companies and events within the Mid-East Region ecosystem include EasyGo, a developer of EV charging units, which raised $12.16 million of venture funding in January 2021. Ireland’s Tech Week is a nationwide festival of events showcasing tech innovation in the country.

Ecosystem by the numbers

TOTAL EARLY STAGE FUNDING
<$50 m
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$183 m
GLOBAL AVG.
$10.5 bn
MEDIAN SEED ROUND
$470 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$0.81 m
GLOBAL AVG.
$2.7 m
SOFT. ENGINEER SALARY
$56 k
GLOBAL AVG.
$42.1 k

Sub-sector Strengths

Agtech & New Food

Boyne Valley Food Hub offers 790m² of enterprise space and food grade facilities for startups and scaling food businesses. A timeshare development kitchen and a food specific co-working and knowledge lab are also available. Thanks to the space and the country’s larger Food Wise 2025 plan, the Agtech and New Food sub-sector is targeted to grow to $21.70 billion by 2025.

Reasons to move your startup to Mid-East Region

Educated Workforce

Ireland has one of the most educated workforces in the world with 53.5% of 30-34-year-olds having a tertiary degree compared to an EU average of 40%. Almost 30% of university students are enrolled in science, technology, engineering, and maths (STEM) courses.

International Talent

The workforce is also dynamic and diverse — proportionally Ireland has the 4th highest international workforce in the EU. Ireland ranks 1st globally for attracting and retaining international talent. IDA Ireland works with the relevant Irish authorities to streamline employment permit applications and other visa matters for companies recruiting from outside the EU.

Startup Community

Startup Genome
Members

Startup Genome
Partners

EO Accelerator Ireland
Meath Enterprise Centre
Boyne Valley Food Hub
Arklow Enterprise Centre
Athy Enterprise Centre
Clane Project Centre
Kells Tech Hub
Maynooth Works
Wicklow Enterprise Centre
Kells Enterprise & Technology Centre
PFS Accelerator
Meath County Council
Wicklow Local Enterprise Office
Meath County Chamber
Louth-Meath Education & Training Board
Maynooth University
Kildare Chamber of Commerce
Kildare County Council
Kildare Local Enterprise Office
Kildare-Wicklow Education & Training Board
Wicklow Chamber of Commerce
Wicklow County Council
Meath Local Enterprise Office
Enterprise Ireland
Mid-East Regional Skills Forum
Mid-East Action Plan for Jobs Committee
Industrial Development Authority - IDA
Media Ireland

Featured Articles from
Local Ambassadors

Michael Brougham
Regional Director for the Mideast and the Midlands region of Ireland
Michael Brougham | Ambassador
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Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.