Latest news with #Start-UpDay
Irish Examiner
07-05-2025
- Business
- Irish Examiner
Enterprise Ireland start-up investments rise 15%
Enterprise Ireland funding to start-up companies increased by 15% during 2024, the agency revealed, as it kicks off its annual Start-Up Day conference in Dublin. Last year, Enterprise Ireland invested €27.6m in Irish start-ups across 157 companies. This is an increase on the €24m invested during 2023 across 156 companies. The investments were provided through Enterprise Ireland's High Potential Start-Up (HPSU) and Pre-Seed Start Fund (PSSF) programmes. There were 90 investments through the HPSU programme - which is aimed at businesses with the potential to create 10 jobs and €1m in sales within three years of starting up. Of these companies, 13 emerged as a result of academic research with 25 companies spun out of third-level institutions. The PSSF programme accounted for 69 investments. According to Enterprise Ireland, 63 of the companies supported last year were based outside of Dublin and 45 were led by women. The agency's figures for last year were unveiled as the company kicked off its annual Start-Up Day Conference on Wednesday in Dublin. Kevin Sherry, interim chief executive of Enterprise Ireland, said a key objective of the agency's new strategy is sustainability in Irish business so that in time 'exporting Irish companies will become the primary driver of the Irish economy'. 'As part of our plan, Enterprise Ireland is undertaking a dedicated consultation process by engaging with the start-up ecosystem on the supports available for early-stage companies in Ireland.'
Irish Independent
05-05-2025
- Business
- Irish Independent
The week ahead in business: Bank of England rate cuts, Start-Up Day at the Aviva Stadium and National Development Plan roundtable
The Bank of England, whose governor is Andrew Bailey, is predicted to cut rates by a quarter of a percentage point on Thursday, in what could be the first in a series. There are predictions that UK interest rates could fall by as much as a full percentage point over the next six months. This would bring the cost of borrowing to below 3pc for the first time since 2022. The current headline rate is 4.5pc, and this is expected to be cut to 4.25pc. On Wednesday, Enterprise Minister Peter Burke will open Start-Up Day at Dublin's Aviva Stadium, addressing over 500 representatives of the Irish and European start-up eco-system. The event is a big annual gathering for start-ups and innovators, and provides an opportunity for them to network with potential investors. The event will also be addressed by Kevin Sherry, the interim CEO of Enterprise Ireland, and by Jason Lynch, chief executive of Equal1. The Central Statistics Office (CSO) will announce the Consumer Price Index for April on Thursday, while Eurostat will release figures for retail trade in the EU for the month of March on Wednesday. The Cosmetics Association, the owner/managers of Irish indigenous distribution companies, are staging their trade fair in the RDS next weekend. This will bring products from pharmacy, beauty and department store sectors under one roof. Also on Thursday, the National Infrastructure Summit will be staged at the Radisson Blu Royal Hotel in Dublin. On Friday, Dublin Chamber will host a roundtable discussion with businesses to hear their perspectives on the National Development Plan (NDP). There are results today from CRH, reporting on Q1, and next Friday we will hear from IAG, the parent company of Aer Lingus, British Airways, Iberia and Vueling.
