Ireland set to maintain its Silicon Valley business base

IRELAND is to maintain a business centre established in Silicon Valley that will be used to support firms in search of high-tech contracts.

The base was established as a result of recommendations drawn up at last year’s Global Irish Economic Forum at Farmleigh and according to Foreign Affairs Minister Micheál Martin it has proved to be “a vital resource for our companies as they seek new business that will secure jobs at home”.

It is operated by the Irish Technology Leadership Group, a network of business people with strong links with Ireland operating in the valley. The centre received almost €190,000 in funding from the Department of Foreign Affairs in 2010 and the level of funding will continue in 2011.

“As a former minister for enterprise, trade and employment, I am keenly aware that in the business community of Silicon Valley networking is vital and the Technology Leadership Group is a resource that gives our small and medium sized companies an edge over other competitors trying to attract new business,” said Mr Martin.

“Not only does the business centre give our companies a base from which they can operate, the Leadership Group has also introduced a mentoring programme to show new Irish firms entering the valley for the first time how business is carried out,” he added.

Mr Martin said the establishment of the Global Irish Forum has been a great success in allowing Ireland to tap into the expertise and advice of leading figures worldwide. He said that in 2011 that work will continue with meetings planned around the world.