Advertisement

Enterprise Ireland invested over €48m in Irish start-up businesses last year

Enterprise Ireland invested over €48 million in Irish start-up businesses last year. The govern...
Newstalk
Newstalk

14.40 23 Feb 2021


Share this article


Enterprise Ireland invested ov...

Enterprise Ireland invested over €48m in Irish start-up businesses last year

Newstalk
Newstalk

14.40 23 Feb 2021


Share this article


Enterprise Ireland invested over €48 million in Irish start-up businesses last year.

The government agency supported 125 start-ups during 2020, with half of the companies based outside Dublin.

Cyber-security, digital health and agri-tech were among some of the key sectors supported.

Advertisement

Tánaiste Leo Varadkar commended the entrepreneurs who started up businesses during an 'incredibly difficult year'.

He said: “I have nothing but admiration for the many entrepreneurs across the country who have been brave enough to start up new businesses during the pandemic.

"I have seen countless examples all across the country of business owners overcoming adversity and demonstrating the kind of ingenuity, adaptability and resilience that entrepreneurs are known for."

Last year's funding included 80 High Potential Start-Up (HPSU) investments - referring to start-up businesses with the potential to create 10 jobs and €1 million in sales within three to four years.

There was also investment approved for 38 women-led start-up companies, with Enterprise Ireland saying that's a key focus of their Women in Business action plan.

Enterprise Ireland's Jenny Melia said: “The action plan, which was launched last year, aims to increase the participation of women in entrepreneurship and business leadership.

"The class of 2020 are great role models for new founders and we look forward to working closely with them to help fulfil their potential and to create strong and sustainable export businesses.”

It comes after Enterprise Ireland firms saw the highest ever sales to Eurozone and North America during 2019.

This year's Enterprise Ireland start-up showcase will take place virtually on Wednesday 24th February, and will be followed by one-to-one virtual investor meetings.

Main image: L-R: Kevin Sherry, Executive Director, Enterprise Ireland; Tánaiste Leo Varadkar TD and Jenny Melia, Divisional Manager, High Potential Start-Ups, Enterprise Ireland

Share this article


Read more about

Enterprise Ireland. Leo Varadkar

Most Popular

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share


Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

Best Of Newstalk

Best Of Newstalk

00:00-06:00

Share

Up next

BREAKFAST BRIEFING

BREAKFAST BRIEFING

06:00-06:30

Share

BREAKFAST BUSINESS

BREAKFAST BUSINESS

06:30-07:00

Share

NEWSTALK BREAKFAST

NEWSTALK BREAKFAST

07:00-09:00

Share

THE PAT KENNY SHOW

THE PAT KENNY SHOW

09:00-12:00

Share

LUNCHTIME LIVE

LUNCHTIME LIVE

12:00-14:00

Share

MONCRIEFF

MONCRIEFF

14:00-16:00

Share

THE HARD SHOULDER

THE HARD SHOULDER

16:00-19:00

Share

OFF THE BALL

OFF THE BALL

19:00-22:00

Share

THE TOM DUNNE SHOW

THE TOM DUNNE SHOW

22:00-00:00

Share

BEST OF NEWSTALK

BEST OF NEWSTALK

00:00-06:00

Share

00:00:00 / 00:00:00

Share on