Did you know, Ireland is the European headquarters for some of the largest tech companies in the world? The so-called “Silicon Docks” in Dublin’s Tech Quarter, home to tech giants including Google, Facebook, Twitter, PayPal, Microsoft and eBay.
The reasons for Ireland being the “chosen one” is debatable: the most popular argument being the low corporate tax, while others point towards the high percentage of the population with a university education mixed with the added advantage of native English as the predominant language.
Regardless of the motivations, Ireland is home to the tech giants, which have helped to foster a strong entrepreneurial spirit within the country. As a result, there has been an increase of start up companies, unsurprisingly in the tech industries, erupting from Ireland.
Should Irish Startups Risk Expanding In London?
Creating a successful start-up company on your own native soil is no mean feat, so it will come as no surprise to hear that expanding a successful business abroad can prove to be even more challenging. So why should a successful Irish start-ups take the risk by expanding in the UK?
“In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” - well said, Mr. Zuckerberg. What’s more, the question should really be, is it worth the risk?
If your ultimate goal is to get a firmer international footing, London “the centre of the business universe”, is definitely worth the risk. London already has a strong start-up culture, a hard work ethic and pioneering spirit. Resources, ranging from potential advertisers, to new partners, to a wider pool of talent and problem solvers as well as global exposure are more far-reaching than that of Ireland.