Plans to create 93,000 start-ups as economy improves

Posted by | October 10, 2014 | Uncategorized | No Comments

The Government has announced a new plan aimed at creating an extra 93,000 jobs from start-ups over the next five years.

The initiative aims to increase the number of start-up firms by 25 per cent through measures such as doubling the volume of funding available to them from angel investors.Women, young people and immigrants will be targeted in a new plan aimed at increasing the number of new businesses being set up.

The new plan follows on from and draws on the report of the expert Forum on Entrepreneurship, published earlier this year. Speaking at the announcement of the new initiative, Minister for Jobs, Enterprise and Innovation Richard Bruton said: “In Ireland we have great entrepreneurs – we just don’t have enough of them. Given that two thirds of all new jobs come from start-ups, it is crucial that we improve our supports in this area if we are to create the jobs we need.”

The key target in the new plan is to double the number of jobs coming from start-ups over the next five years, by increasing the number of start-ups by 25pc, the survival rate by 25pc, and the capacity to grow to scale by 25pc.

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