The Digital Content Industry in Northern Ireland
The Mission
The digital content sector is an emergent part of Northern Ireland’s creative and knowledge economy.
We estimate that there are currently 200 companies at varying stages of development; 40 are Invest NI clients. Alone they represent £25m in turnover and annual growth of 13%. That is above sector average.
It is clear that there is opportunity for economic development through globally significant digital media sector. Our mission is to realise that potential by working together as a strong innovative industrial sector.
This is how we will carry out the mission
Key issues identified by the industry are
Restricted access to funds is the greatest barrier to development of a globally significant digital media industry in NI. We will address the market failure by implementing a funding model to take companies from early stage and funding through to larger, VC investment.
We estimate that there are currently 200 companies at varying stages of development; 40 are Invest NI clients. Alone they represent £25m in turnover and annual growth of 13%. That is above sector average.
It is clear that there is opportunity for economic development through globally significant digital media sector. Our mission is to realise that potential by working together as a strong innovative industrial sector.
This is how we will carry out the mission
- increased turnover,
- a focus on export markets,
- a shift from “work for hire” to IP and Product
- moving our tier 2 companies towards tier 1
Key issues identified by the industry are
- Investment,
- R&D & Innovation,
- Internationalisation and
- Skills & Training
Restricted access to funds is the greatest barrier to development of a globally significant digital media industry in NI. We will address the market failure by implementing a funding model to take companies from early stage and funding through to larger, VC investment.
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