Dublin has been ranked as the third best city in Europe for tech innovation. The capital was ranked 3rd as part of fDi Tech Cities 2020. London took the top spot, followed by Paris.
The report highlighted that the Irish capital presents a “compelling proposition” for innovators and start-ups. Dublin actually ranked number two for FDI performance and economic potential.
Dublin ranked second in the Economic Potential category, with Ireland excelling in various country level data points, including the 2020 Index of Economic Freedom.
Dublin also shone in the FDI Performance category, with the highest level of capital investment in software R&D out of all locations analysed.
When Canada-based Traction Guest, a developer of enterprise visitor management systems, established operations in the city in December 2019, it commented:
“Dublin is renowned for its thriving tech community, supportive business ecosystem and a talent-rich pool of technology professionals from all over Europe and beyond.”
Dublin did not make the top 10 when it came to start-up environment, cost-effectiveness or innovation and attractiveness – however Galway was named as the ninth best tech city for innovation and attractiveness in Europe.
Cork also scored well in the category of Economic Potential. It came in in fifth place.
Commenting on the results, Owen Keegan, Chief Executive of Dublin City Council said; “Dublin’s position as one of the leading tech cities in Europe has helped the city’s resilience during these challenging times and will continue to help as the economy recovers.” He went on to say the local authority is committed to supporting the city’s tech eco system.