As many as 1,500 new jobs are expected to be created over the next three years by start-up companies backed by Enterprise Ireland, according to a new report from the State agency.
Enterprise Ireland said it supported 102 so-called High Potential Start-Up (HPSU) companies last year. A high-potential start-up is defined as a company that is export oriented, focused on technological innovation and likely to achieve growth of at least €1million per annum over a three-year period, and led by an experienced team. The majority of the firms to be backed by Enterprise Ireland were in areas such as software and services, cleantech, engineering, medical devices and pharmaceuticals. Minister for Enterprise and Jobs Richard Bruton said the results published today show that the HPSU programme goes from strength to strength. Photograph: Dara MacDonaill/The Irish TimesMinister claims Enterprise-Ireland backed firms to lead jobs creation The State body said it also backed 81 new early stage businesses under its Competitive Start Fund, which provides seed funding for start-ups.
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