Enterprise Ireland Seeks ‘Quality over Quantity’ as Spend Falls

Enterprise Ireland invested approximately 25pc less in startup companies last year than in 2017.


In 2018 the state agency responsible for the development and growth of Irish companies in global markets invested in start-ups to the tune of €23m, down from €31m in 2017.

Speaking to the Irish Independent, Joe Healy, manager of the high potential start-up division of EI, said there were still very high levels of investment in start-ups, however its focus has shifted.

“We are focusing on companies of quality that demonstrate a high potential to grow internationally and create jobs ensuring return on investment for the state,” Mr Healy said. He added interest in entrepreneurship here was “higher than ever.”

“In 2018 alone, Enterprise Ireland received over 1,300 start-up enquiries, representing a 30pc increase on the previous year.”  Overall the agency supported a total of 132 start-up companies last year, down from 181 in 2017.

Read the Full article from the Irish Independent

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