The Reality Check for NI Startups : #northernireland #code #startups #nocode #fdi #outsourcing

FDI Ruined It For NI Startups

Foreign Direct Investment (FDI), like it or loathe it, while great for the economy as a whole is devastating for anyone trying to start a tech business in the province. I was reading back what I’d said in 2014 with two blog posts. https://dataissexy.wordpress.com/2014/11/20/northern-irelands-tech-cofo-conundrum-startups/ dealt with the lack of CTO talent that would come in because startup salaries would be too low and too risky.

The CTOs Were First, the Coders Were Next

To give you an idea of what I think FDI has done, just take a look at the median salary for a Python developer in Belfast. In 2019 it was £43,750, in 2020 £50,000 and in 2021 it stands at £75,000 — In the space of three years there’s been a 71.4% growth in the median salary. Your £300k seed round in 2014 is now looking like between £750k-£1m.

We Want To Be The Next Silicon Valley….

I hate this kind of statement, there’s already a Silicon Valley and it’s dysfunctional at best. I don’t want that here to be honest.

“We have loads of Incubators….”

We do, so what? Advice can come from anywhere in the world now. The question is how do we continue to encourage and support the ones that didn’t get selected. Imagine how many great stories we could get out there.

Jase, We’re Gonna Do NoCode!

The Ivory Towers of Salt Jae

I’ve heard it in the past, that it’s easy for me to sit here and comment. I’ve got a decent job and I can code. Yes I’ve built stuff, with varying results. Yes, I’ve hair brained ideas that I’ve scribbled in notebooks, my support network graciously listen to me and then bring me back down to earth.

Epilogue

This morning I wasn’t for writing this post but a few prodded me with an interest in what I had to say. I humbly hope my opinions bring some clarity to the space. Let’s help each other. Thank you.

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Author of Machine Learning: Hands on for Devs/TechProfs for Wiley. An OpenUK Ambassador and a Confluent Kafka Community Catalyst.

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Jason Bell

Jason Bell

Author of Machine Learning: Hands on for Devs/TechProfs for Wiley. An OpenUK Ambassador and a Confluent Kafka Community Catalyst.