High-potential start-ups to create 445 jobs

10 Aug 2011

Some 445 jobs will be created across Ireland in 24 new high-potential start-up companies supported by Enterprise Ireland.

The indigenous companies that will help create the jobs over the next three years are in sectors such as ICT, clean tech, life sciences, telecommunications and financial services.

“If we are to rebuild the economy and create the jobs of the future in Ireland, we must not only continue to attract high-end multinational companies, but we must also crucially ensure that more high-potential small businesses can establish and expand here,” said Minister for Jobs, Enterprise and Innovation Richard Bruton.

“Yesterday, I announced that PayPal was adding 200 jobs to our base of employment in world-leading internet companies; but we also need an indigenous engine of economic growth if we are to create the successful future we all want for Ireland.

“In order to achieve this, we must focus on three things: reducing costs and red tape, improving access to finance and promoting an Irish innovation revolution, including through Government supports and ensuring that start-ups can benefit from the vast experience of our multinationals," he said.

This announcement compares to the 284 new jobs created in 20 companies this time last year and follows the 310 new jobs announced as part of the first-quarter results of Enterprise Ireland’s High Potential Start Ups programme.

“My plan to create an indigenous engine of economic growth will ensure that Government actions are directed towards ensuring that more companies like these can establish and grow and provide the basis for Ireland’s economic recovery,” Bruton said.

Minister for Jobs, Enterprise and Innovation Richard Bruton will open proceedings at the upcoming Digital Ireland Forum in Dublin on 30 September 2011. For further information on speakers and panelists, go to the website.

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