Menu
04/11/2003
Start-up companies create 3,600 jobs in Ireland in three years
The Tánaiste and Minister for Enterprise, Trade & Employment, Mary Harney, has hailed Ireland's indigenous small business sector as "critical to economic success".
Inside three years, 84 new high potential start up companies supported by Enterprise Ireland have generated sales of euro 250 million, exports of almost euro 93 million and have created 3,600 jobs in the process.
The Tánaiste was speaking at the recent presentation of the Mallin/Invest Start-up Award in DCU, which is designed to encourage and promote entrepreneurship in the University.
"This demonstrates quite clearly that not all new jobs are created by large multinationals locating their business in Ireland and underlines the important role played by the indigenous small business sector in the Irish economy," said Ms Harney.
The Tánaiste also paid tribute to DCU for the role the University has played in supporting and encouraging entrepreneurship: "Although this Award is only in its second year, 50 business plans of a very high standard were submitted by members of the DCU community. Alumni, researchers, graduates, postgraduates and campus companies were all amongst those with entrepreneurial spirit and ambitions to establish their own companies. Furthermore, DCU's new incubation centre for start-up companies has been in operation for two years and already 21 companies are developing the products and services here. That record speaks for itself.
"The benefits of close collaboration and interaction between higher education and industry are well recognised in this country. Indeed, the college campus has been identified internationally as an ideal location for high-tech, start-up companies. Early stage technology companies have a huge potential to grow and the academic community plays a major part in their success."
Emphasising the government's commitment to fostering a spirit of entrepreneurship and innovation among third level students and graduates, the Tánaiste said that Enterprise Ireland fund's Third Level Business Incubation Programme had started a special programme to provide incubation space for early stage biotechnology companies in universities and teaching hospitals.
"The Universities and Institutes of Technology have a key role to play in building a supportive environment for business growth. Their contribution to innovation development improves the business climate and influences the conditions in which growth is achieved. I am confident that the InVent Centre will continue to foster creativity and innovation, and that it will contribute to the growth of Ireland's knowledge-driven economy," the Tánaiste added.
(SP)
Inside three years, 84 new high potential start up companies supported by Enterprise Ireland have generated sales of euro 250 million, exports of almost euro 93 million and have created 3,600 jobs in the process.
The Tánaiste was speaking at the recent presentation of the Mallin/Invest Start-up Award in DCU, which is designed to encourage and promote entrepreneurship in the University.
"This demonstrates quite clearly that not all new jobs are created by large multinationals locating their business in Ireland and underlines the important role played by the indigenous small business sector in the Irish economy," said Ms Harney.
The Tánaiste also paid tribute to DCU for the role the University has played in supporting and encouraging entrepreneurship: "Although this Award is only in its second year, 50 business plans of a very high standard were submitted by members of the DCU community. Alumni, researchers, graduates, postgraduates and campus companies were all amongst those with entrepreneurial spirit and ambitions to establish their own companies. Furthermore, DCU's new incubation centre for start-up companies has been in operation for two years and already 21 companies are developing the products and services here. That record speaks for itself.
"The benefits of close collaboration and interaction between higher education and industry are well recognised in this country. Indeed, the college campus has been identified internationally as an ideal location for high-tech, start-up companies. Early stage technology companies have a huge potential to grow and the academic community plays a major part in their success."
Emphasising the government's commitment to fostering a spirit of entrepreneurship and innovation among third level students and graduates, the Tánaiste said that Enterprise Ireland fund's Third Level Business Incubation Programme had started a special programme to provide incubation space for early stage biotechnology companies in universities and teaching hospitals.
"The Universities and Institutes of Technology have a key role to play in building a supportive environment for business growth. Their contribution to innovation development improves the business climate and influences the conditions in which growth is achieved. I am confident that the InVent Centre will continue to foster creativity and innovation, and that it will contribute to the growth of Ireland's knowledge-driven economy," the Tánaiste added.
(SP)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
20 March 2003
Xilinx's 50m euro expansion opened
Tánaiste and Minister for Enterprise, Trade and Employment Mary Harney has officially opened the new €50 million expansion at the Xilinx site in Citywest Business Park in Dublin. The expansion, which was announced in early 2001, is set to create over 500 high quality jobs over the next five years.
Xilinx's 50m euro expansion opened
Tánaiste and Minister for Enterprise, Trade and Employment Mary Harney has officially opened the new €50 million expansion at the Xilinx site in Citywest Business Park in Dublin. The expansion, which was announced in early 2001, is set to create over 500 high quality jobs over the next five years.
13 June 2006
1,000 Jobs To Be Created In Belfast
Around 1,000 jobs are to be created in Belfast, it has been announced. Indian company, ICICI OneSource, one of the country's largest business processing outsourcing (BPO) firms, is to open a call centre in the city, creating over 1,000 jobs over the next two-years.
1,000 Jobs To Be Created In Belfast
Around 1,000 jobs are to be created in Belfast, it has been announced. Indian company, ICICI OneSource, one of the country's largest business processing outsourcing (BPO) firms, is to open a call centre in the city, creating over 1,000 jobs over the next two-years.
16 March 2015
New Business Hub Could Create 250 Jobs
The establishment of a new business hub in Castlebar, Co Mayo, could create up to 250 new jobs. OpenSparkz will oversee the new business centre, which will allow companies to work together for job creation, economic return, and environmental and social benefits for the area.
New Business Hub Could Create 250 Jobs
The establishment of a new business hub in Castlebar, Co Mayo, could create up to 250 new jobs. OpenSparkz will oversee the new business centre, which will allow companies to work together for job creation, economic return, and environmental and social benefits for the area.
05 July 2006
Irish Minister Opens IDA Ireland's First Office In China
Irish Minister for Enterprise, Trade and Employment Michéal Martin has opened IDA Ireland’s first office in China. Through this office, IDA Ireland will unlock a gateway for Chinese companies to expand and develop their businesses in Europe.
Irish Minister Opens IDA Ireland's First Office In China
Irish Minister for Enterprise, Trade and Employment Michéal Martin has opened IDA Ireland’s first office in China. Through this office, IDA Ireland will unlock a gateway for Chinese companies to expand and develop their businesses in Europe.
08 April 2013
Irish Firms Look To Grow Their Business In Turkey And Create Jobs
The Tánaiste and Minister for Foreign Affairs & Trade, Eamon Gilmore T.D., has began an Enterprise Ireland trade mission to Turkey, leading 24 innovative, exporting Irish companies to boost trade between the two countries.
Irish Firms Look To Grow Their Business In Turkey And Create Jobs
The Tánaiste and Minister for Foreign Affairs & Trade, Eamon Gilmore T.D., has began an Enterprise Ireland trade mission to Turkey, leading 24 innovative, exporting Irish companies to boost trade between the two countries.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
