Silicon Docks: The Rise Of Dublin’s Tech Boom

Author:Mr Ronan Reilly
Profession:TMF Group
 
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In his latest blog on business in Ireland, our local Managing Director waxes lyrical about the lure of Dublin to the fast-rising tech companies of the world.

With nine of the top ten global software companies now present in Ireland, the country is experiencing a tech boom, particularly in the Dublin, the capital city.  The first wave of "Born in the Internet" technology companies arrived a number of years ago with giants like Google, Facebook, Amazon, Twitter and LinkedIn setting up their European headquarters in Dublin. More recently a second wave of companies - Dropbox, Zynga, HubSpot - have followed in their tracks. Dublin is now the European hub for many exciting US headquartered high growth tech companies such as Airbnb, Squarespace, Zendesk, Nitro, New Relic and Udemy. Many of these are spreading from the US west coast and, in particular, Silicon Valley, to set up in Dublin's regenerated docklands area, nicknamed Silicon Docks. And those companies are growing at a really fast pace. It's not just the big multinationals: some European software companies, like Serbian-founded game developers Nordeus, have also set up in Dublin. They are followed by others that recognise the talent, tax and technology reasons for choosing Dublin. The key ingredients to Dublin's success in attracting these companies include: a strong, educated workforce; the youngest population in Europe under 35; a transparent and low corporate tax environment; the only English-speaking member of the Eurozone; the location being attractive for international talent; and, a strong choice of service...

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