The latest Global Entrepreneurship Monitor (GEM) report found that one in eleven of the adult population are engaged in some form of early stage entrepreneurial activity.
It also reported that, “the pipeline of future entrepreneurs also looks very strong as those indicating that they intend to start a business in the next three years increased significantly in 2013″.
The rate of early stage entrepreneurial activity is at its highest level since Ireland first became involved in GEM research in 2000. The country is now ranked second across the European Union, the Netherlands is in the top spot.
22% of early stage entrepreneurs expect to employ 10 or more people after five years.
Minister for Jobs, Richard Bruton welcomed the publication of the Global Entrepreneurship Monitor: “As a Government we stated a clear ambition for Ireland to be among the most entrepreneurial nations in the world and acknowledged as a world class environment in which to start and grow a business.”
The GEM report also examines the gender aspect of entrepreneurial activity in Ireland. There are now 1.4 times as many men as women who are new business owners. Minister Bruton said, "I am delighted to see that men and women in increasing numbers are becoming new business owners.”
It also found that 13% of early entrepreneurs expect to have 75% or more of their customers in overseas markets.
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