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ITLG

Welcome

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elcome to the summer edition of ‘Silicon Valley Global’, the premium publication for members of the Irish Technology Leadership Group, the world’s largest and most dynamic global network of Irish and Irish American business leaders and executives. The current issue is being published to coincide with the 6th Annual Global Technology Leaders Summit which takes place in Silicon Valley on May 14th and 15th. This event follows the successful leadership Summit which was held in Cork in January as part of the Gathering. Extensive coverage of the Cork Summit was provided by the ITLG’s dedicated YouTube channel and AerTV and it also featured extensively in national and international radio and print media. We were delighted with the attendance which included high level representation from the ITLG and major corporations including Facebook, Disney and Intel, to name but a few. There was also a strong presence of both Irish and overseas Government representatives and we were particularly pleased to welcome the trade delegation from Russia. The Cork event featured an excellent series of seminars, debates and presentations involving a variety of prominent participants including Barry O’Sullivan, Vice-President of Cisco, Richard Moran, CEO of Accretive Solutions, Sean O’Sullivan, SOSVentures and ITLG Chairman Craig Barrett. The ‘fast-pitch sessions’ which provided a carefully selected group of business start-ups and entrepreneurs the opportunity to pitch for investment to a panel of experienced capital investors was a key feature of the Summit. Twenty of the participants were selected for a place in the finals which takes place at the Technology Leaders Summit in Silicon Valley this month. A further noteworthy event was the recently established ITLG “Women in Leadership Group” which comprises a key component of our growing network of technology leaders. The principal objective of the Group which was formed during the

recent visit of Taoiseach Enda Kenny to Silicon Valley is to promote the participation of women in the technology sector with a particular focus on assisting women advance to senior leadership positions. This objective will be advanced by offering mentoring and leadership training and other vital support to technology start-ups led by women. The group will be led by Una Fox, Vice President of Technology at Disney who will be ably assisted by a top level advisory team. The launch of this new chapter represents a major milestone in ITLG’s commitment to advancing the participation of women in the technology sector and the current issue features extensive coverage on the subject together with a comprehensive ‘Top 50’ round-up of the most influential women working in technology today. The current issue also features an interview with Taoiseach Enda Kenny who discusses his recent visit to Silicon Valley and I would like to pay tribute to him for the commitment shown by his Government towards the technology industry and the priority which he clearly attaches to forging close links with Silicon Valley. The Taoiseach’s visit to Silicon Valley followed a prior visit by Minister for Enterprise Richard Bruton and it is encouraging to see a greater level of engagement from Irish Government representatives with the technology industry on the West coast. While Ireland receives significant inward investment from the US the greatest challenge lies in creating our own global multinationals to rival the success stories which are emblematic of Silicon Valley. Reforming the education sector so that it prioritizes math, engineering, science and entrepreneurship is vital in that regard but we also need to equip graduates with the sales and marketing skills to engage effectively with potential investors and customers internationally. While Ireland possesses a wealth of technical skills we often fall short when it comes to formulating and delivering an effective sales pitch. Finally I would like to update you on

other significant developments generating tangible benefits for the Irish diaspora network. Membership of the ITLG is now more than 5,000 strong and continuing to grow rapidly. Our Silicon Valley based Innovation Center now has over 40 resident companies while our venture fund has invested in 15 high-potential technology companies which we believe have the potential to make significant progress on the global stage. Mcor Technologies, which is engaged in 3D printing is one example of a company which has made immense strides and recently signed a substantial contract with the US stationery giant Staples. On page 36 we feature an extensive interview with co-founder of Mcor Technologies, Conor MacCormack. In the coming pages, I would like to take the opportunity to provide you with further details on the ITLG’s ongoing initiatives and the journey taken by the organisation to date. Please enjoy and once again we greatly appreciate your continued support. John Hartnett, President & Founder, ITLG Silicon Valley Global | 7

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