The Digital Hub Development Agency (DHDA) has today released its annual review statement which has highlighted its strong performance in 2016.
The Digital Hub Development Agency is the Irish state agency that manages The Digital Hub. The Agency was established by the Irish Government under the Department of Communications, Climate Change and Environment and plays a key part in supporting the implementation of the National Digital Strategy.
Last year, 28 new companies moved into The Digital Hub, comprising a 50:50 split between indigenous and foreign direct investment (FDI) businesses. Some companies of note who set up operations in The Digital Hub in 2016 included, Bizimply, an award-winning Irish Company that has developed an online workforce management application that supports the way restaurants and retail businesses, manage and engage with their employees.
Bizimply successfully raised €2 million of investor funding during 2016 and is currently expanding its workforce with an additional 15 positions expected to be filled in 2017. Among the international enterprises who moved into The Digital Hub last year were AdScribe, who help TV platforms to recognise new revenue streams though analytics and advertising.
The Digital Hub campus is now on track to very shortly have over 100 digital media, technology and Internet businesses operating out of its enterprise space based in the historic Liberties area of Dublin city centre. Collectively, almost 725 people are directly employed within what has become Ireland’s largest and most established cluster of technology, digital media and internet companies.
Commenting on the outlook for The Digital Hub in 2017, Chief Executive Officer, Fiach Mac Conghail said, "2017 is shaping up to be a fruitful year for The Digital Hub. We have a great pipeline of ambitious companies looking to join the vibrant digital community we are developing here. Our mix of companies within the cluster is always changing."
He added, "We are putting a renewed focus into revitalising the cluster dynamic to ensure more companies can really reap the benefits from being part of our wider digital community."
Source: www.businessworld.ie
