The Government has announced a new plan aimed at creating an extra 93,000 jobs from start-ups over the next five years.
The National Policy Statement on Entrepreneurship in Ireland aims to increase the number of start-ups by a quarter or 3,000 per year.
It plans to increase the survival rate of new companies in their first five years of existence by 25%, so that 1,800 more will survive each year.
The plan also aims to improve the capacity of start-ups to scale up in size by a quarter.
The measures include doubling the volume of funding to start-ups from business “angel” investment – successful business people who help fund start-ups.
Other measures include increasing the amount of co-working and accelerator space for start-ups and a new mentoring service.
The plan also lists tax changes that could boost the sector, but the Government is saying little about which, if any, of these changes will materialise in next week’s or future Budgets.
Minister for Jobs, Enterprise and Innovation Richard Bruton said the Government believes entrepreneurs have been through a difficult time, but now is the time for a creative strategy for the sector.