With a division dedicated to emerging business, IDA Ireland believes this is a sector that will continue to thrive and create jobs in the future, Sorcha Corcoran reports.

The trend towards emerging, high growth companies from outside Ireland setting up operations here is accelerating. Since IDA Ireland set up its division dedicated to this area in 2010, 60 projects have been through the system, 25 of which have come on stream this year alone.

They are mostly involved in the areas of mobile, media, internet cloud computing and social media; and they originate from high growth tech clusters, such as in New York, Silicon Valley and Berlin.

Head of the emerging business division Barry O’Dowd says IDA expects that the companies it has attracted so far will have created 2,000 jobs between them here within the next five years.

*IDA Ireland

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