Galway Features in Top 25 European Cities of the Future, Ranked as #1 Micro European City

Along with Dublin and Cork, Galway has featured on the “Top 25 European Cities of the Future” list in fDi Intelligence’s study of the most promising investment locations in Europe. fDi Intelligence is a publication of the Financial Times Ltd., and publishes a yearly ranking of the best investment locations in Europe. Galway was also ranked at the top of the list of “Micro European Cities”.

Ireland features prominently in the overall list of top cities with three entries: Dublin at #5, Cork at #24 and Galway at #25. Just 10 countries feature on the list of top cities, with the UK having the most cities (8), followed by the Netherlands (4), Ireland (3) and France (3).

Rank City Country
1 London UK
2 Helsinki Finland
3 Eindhoven Netherlands
4 Cambridge UK
5 Dublin Ireland
6 Munich Germany
7 Barcelona Spain
8 Berlin Germany
9 Amsterdam Netherlands
10 Reading UK
11 Edinburgh UK
12 Vienna Austria
13 Glasgow UK
14 Rotterdam Netherlands
15 Lyon France
16 Paris France
17 Grenoble France
18 Utrecht Netherlands
19 Birmingham UK
20 Ghent Belgium
21 Liverpool UK
22 Lisbon Portugal
23 Derby UK
24 Cork Ireland
25 Galway Ireland

Micro European Cities (< 100,000 people)

In the Top 10 Micro European Cities Overall, Galway claims top spot ahead of Waterford, Limerick and Coburg in Germany. Galway features at #2 behind Luxembourg in the Top 10 Micro European Cities for Economic Potential (Limerick is in ninth place).

The Top 10 Micro European Cities for Business Friendliness contains six Irish entries in its list: Newry in Northern Ireland tops the table, followed by Shannon, Galway, Drogheda and Limerick in the Republic of Ireland. Waterford also features at #7.

Under the Top 10 Micro European Cities for FDI Strategy, Waterford, Galway and Limerick are placed at #1, #2 (up from #10 last year) and #5 respectively. Limerick is eighth in the Top 10 Major European Cities for Human Capital and Lifestyle.

Major (> 750,000) and Small European Cities (100,000-350,000 people)

Cork is ranked eighth in the Top 10 Small European Cities Overall, and first in the Top 10 Small European Cities for Business Friendliness.

Dublin is ranked third in the Top 10 Major European Cities Overall, fourth in the Top 10 Major European Cities for Economic Potential, sixth in the Top 10 Major European Cities for FDI Strategy, and eighth in the Top 10 Major European Cities for Human Capital and Lifestyle (ahead of Barcelona and Helsinki).

Dublin (#3) and Cork (#10) are also featured in the Top 10 Cities for the UK and Ireland.

European Regions

The West Ireland Region is sixth in the Top 10 Small European Regions (< 1.5M people) for Business Friendliness, with the Dublin Region coming in first.

The Dublin Region was also #2 in the Top 10 European Regions for Business Friendliness, and #4 in the Top 10 Small European Regions for Economic Potential.

According to Cathy McReynolds, author of the report: “As a world region, Europe has been battered by recession storms in the past few years, yet there are signs of optimism, most recently with Ireland and Spain exiting their bailouts. Could we see a marked improvement in Ireland or Spain’s performance in the next rankings.”

Study finds a total of 1.8 million jobs in the EU app economy, with €17.5 billion in revenues taken in by EU app companies in 2013

European Commission Vice President Neelie Kroes with NUI Galway’s Dr John Breslin

Leaders from the EU app economy gathered in Brussels on 13 February for the launch of the Eurapp study report “Sizing the EU App Economy”, where guest speakers including Neelie Kroes and Rovio’s Peter Vesterbacka discussed the future of the EU app economy. Eurapp is a year-long project run by NUI Galway and Gigaom to look at the opportunities and challenges facing the EU app economy.

Launching the study, Neelie Kroes, Vice President of the European Commission, highlighted the importance of the app economy: “The amazing scale of the European app economy is big and getting bigger: with 1.8 million jobs, rising to nearly 5 million by 2018; with revenues of €17.5 billion, rising to €63 billion. Yet just 5 years ago, it didn’t exist at all.”

This “Sizing the EU App Economy” report focuses on sizing and qualifying the EU apps ecosystem, with an eye towards revenue generation, jobs supported, and the bottlenecks still facing EU apps developers. Key findings from the analysis by Gigaom Research’s Mark Mulligan and David Card, which is based in part on two surveys of developers targeting EU markets, include the following:

  • EU developers will take in €17.5 billion in revenue in 2013, and the study forecasts that figure will increase to €63 billion in five years. However, you might be surprised where a lot of that revenue comes from. In addition to €6 billion in app sales, in-app spending for virtual goods, and advertising, EU developers recognised €11.5 billion in 2013 from contract labour. And much of the developer-for-hire business is for companies that are not really in the apps business per se, but use apps to support and market their mainstream offerings like financial services, retailing, and packaged goods.
  • Fewer than half of the independent developers that were surveyed by the study said they were offering services for hire, so that is a potentially untapped market for startups. Similarly, half of the enterprises that did their own in-house development also used third-party developers. Also, in-house developers are by and large more satisfied in achieving their commercial objectives than independents, many of which are frustrated by low prices, free products, or barely-emerging ad revenues.
  • The EU app developer workforce will grow from one million in 2013 to 2.8 million in 2018. Additional support and marketing staff result in app economy jobs of 1.8 million in 2013, growing to 4.8 million in 2018.
  • EU developers face more business than technical bottlenecks. Increasing users’ willingness to pay for apps is problematic, but better discovery vehicles could help relieve high customer acquisition costs. Similarly the study saw an opportunity for an EU marketplace where companies needing app development could identify, negotiate with, and hire contract developers.

Eurapp is one strand of the Startup Europe manifesto for entrepreneurship and innovation in the EU, and the project is being carried out by the ‘s Insight Centre for Data Analytics at NUI Galway and Gigaom Research.

“Throughout the past year, the Eurapp team have interviewed a variety of stakeholders in the EU app economy, and surveyed hundreds of companies that are producing apps, both big and small,” according to NUI Galway’s Dr John Breslin, leader of the Eurapp project. “Some of the main bottlenecks facing app companies in the EU were sourced in these interviews and workshops, followed by crowdsourcing challenges where nearly 100 innovative solutions were submitted to address those bottlenecks.”

The launch event also featured talks from other leading figures in the app and tech startup space: Peter Vesterbacka, Chief Marketing Officer at Rovio, who leads the marketing and brand strategy for the Angry Bird video game franchise, one of the EU’s top app success stories; Simon Schaefer has angel invested in many European startups and app companies (including 6Wunderkinder, the creators of Wunderlist) and founded the Factory in Berlin, a 16,000 square metre startup campus; and Gemma Coles is director of mobile strategy for Mubaloo, one of Europe’s leading enterprise and consumer mobile app development companies.

Episode #8: Wearables, Wifi & Wii U

Hosts: John Breslin, Marie Boran and Tom Murphy.

Facebook response to Princeton, Google acquisitions, DeepMind, Nest Technologies, iRobot, Internet of Things, Google[x] Loon, Nintendo Wii U, Samsung, Android, Eurapp, Startup Galway, Startup Digest,
Entrepreneur of the Year, Engineer’s Week, Apps4gaps, Apple 1984, CES – Wearable Devices, and Shimmer

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For additional show notes, visit the full page for this episode.

Technology Voice is brought to you by Cinema Listings Ireland, available now from the Google Play store.

Running time: 48:47

00’09” Introduction
01’18” Acknowledgement: FlirtFM
01’46” Facebook response to Princeton
08’41” Google acquisitions
08’50” DeepMind
10’25” Nest Technologies
12’50” iRobot
14’15” Internet of Things
15’50” Google[x] Loon
18’42” Nintendo Wii U
22’55” Samsung
24’35” Android
25’16” Privacy & apps
26’33” Eurapp
30’49” Startup Galway
32’33” Startup Digest
33’00” Upcoming Events
33’04” Ernest & Young, EoY
33’25” Engineer’s Week
33’53” Apps4gaps
38’38” Apple 1984
42’30” CES – Wearable devices
47’47” Shimmer
48’47” End

Special thanks to Flirt FM
Intro/outro music is “Alone But Not Lonely” by Stefan Ternemar
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