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Irish tech firms raise €888 million in 2016

February 15th 2017

It was announced today that Irish based technology firms raised a record €888m in 2016, up 70% from €522m the previous year. This is according to the Irish Venture Capital Association Venture (IVCA) Pulse survey published in association with William Fry. The report demonstrates the continuing attraction of Irish tech firms by international investors. International […]

Irish minimum wage is 9.5% higher than UK

February 13th 2017

Ibec, the group that represents Irish business, has today warned that there is no case for further increasing the minimum wage rate, if the Government’s concern is to be competitive and to keep jobs. In a detailed submission to the Low Pay Commission, Ibec looks at the criteria to justify any minimum wage increases, but […]

Enterprise Ireland invested 32M in start ups in 2016

February 10th 2017

It was announced today that Enterprise Ireland invested €32 million in Irish start-ups in 2016 and supported a total of 229 start-up companies, the highest number to date in a single year. The state agency responsible for the development and growth of Irish companies in global markets provided investment in the form of Competitive Start […]

Irish tech start ups could benefit from 60 million fund

February 08th 2017

Frontline Ventures, a leading early-stage venture capital firm with offices in Dublin and London, have announced today the closing of Fund II at €60 million. The firm invests in B2B software companies at the pre-seed and seed stages with investments ranging from €200,000 to €3 million. Notable investments in the Frontline portfolio include Qstream (total funds raised […]

EY Entrepreneur of the Year 2017

January 16th 2017

The EY Entrepreneur Of The Year 2017 programme officially opens today for nominations. The theme of this year’s programme is “Leading through Change” and all sectors and businesses of all sizes are invited to submit their nominations up until the 22 February. The 24 finalists for 2017 will be announced on 27 April. This is […]

UK firms could start moving to Ireland in second quarter

January 04th 2017

Companies considering quitting Britain due to its departure from the EU are likely to start making investment decisions from the second quarter, the head of the agency competing to win foreign business for Ireland said on Tuesday. Industrial Development Agency Ireland has already fielded Brexit-related enquiries from more than 100 firms, a lot of which […]

Brexit fears weigh heavy for Irish firms in 2017

January 03rd 2017

A new survey by the Dublin Chamber of Commerce has found that the UK’s exit of the European Union is the biggest fear for Irish firms in 2017. The survey, carried out in early December, found that 1 in 4 companies (25%) see Brexit as their number one concern when looking ahead to the coming […]

Purchase of cloud computing services by Irish enterprises increases

December 22nd 2016

A report released yesterday by the Central Statistic Office (CSO) has shown that 36% of Irish enterprises employing 10 or more persons purchased cloud computing services in 2016, compared to 35% in 2015. Finland had the largest percentage of enterprises in the EU purchasing cloud computing services at 57%, while both Bulgaria and Romania had […]

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