1,800 jobs promised by new start-up firms

//1,800 jobs promised by new start-up firms

1,800 jobs promised by new start-up firms

Wednesday 19 February 2014 07.16

Enterprise Ireland's High Potential Start-Up programme due to publish its results for 2013 Enterprise Ireland’s High Potential Start-Up programme due to publish its results for 2013

Over 1,800 new jobs have been promised over the next three years by more than 120 young – mostly technology based – companies here.

The businesses are all part of Enterprise Ireland’s High Potential Start-Up programme, which is due to publish its results for 2013 today.

Each year the Department of Jobs, through Enterprise Ireland, invests funding in start-up businesses considered to have high potential.

These so called HPSUs are defined as being export oriented, focused on technological innovation, likely to achieve significant growth in three years and led by an experienced team.

Last year a record 103 new HPSUs received investment from Enterprise Ireland. 80% were in software, cleantech, engineering, medical devices or pharmaceuticals. 

41 of the businesses were led by women, while ten were spun out of third level institutions.

Living up to their high potential tag, those 100 businesses and 20 other HPSU’s supported by Enterprise Ireland in previous years, claim that over the next three years they will create a total of 1,850 jobs.

Minister for Jobs Richard Bruton said the jobs growth showed the Government’s plan to build a powerful engine of Irish enterprise alongside the multinational sector was working.

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By | 2014-02-19T11:35:22+00:00 February 19th, 2014|Business|0 Comments