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Entrepreneurship Forum Report Ireland 2014

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Entrepreneurship in Ireland: Strengthening the Startup Community. Highlights of the 2014 Report released by the Entrepreneurship Forum. …

Entrepreneurship in Ireland: Strengthening the Startup Community. Highlights of the 2014 Report released by the Entrepreneurship Forum.

The full report can be accessed at bit.ly/EntrepreneurshipIRL2014
If you are interested in getting involved, visit bit.ly/IrelandStartups


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  • 1. Entrepreneurship in Ireland Strengthening the Startup Community ! Report of the Entrepreneurship Forum - January 2014
  • 2. 7 members of the Entrepreneurship Forum. 100+ stakeholder consultations and submissions. 3 key principles. 6 pillars of an effective startup ecosystem. 69 recommendations for Government and industry. 1 strengthened startup community in Ireland. By the numbers… 7 100+ 69 1 6 3 strengthened startup community in Ireland.
  • 3. …will be built on individuals’ strengths. …is Government facilitated, not led. 3 key principles …starts with culture of citizenship. Change for Ireland’s startup community…
  • 4. 6 pillars Startup Ecosystem‘can-do’ culture peer mentoring vibrant hotspots access to talent public policy access to finance
  • 5. CHANGE 
 …starts with culture of citizenship. ! Give before you get.
  • 6. Innovative “Can-Do” Culture
  • 7. Culture Education Under- represented groups
  • 8. Mentorship & Peer Learning
  • 9. “Always two there are, a master and an apprentice.” the 80/20 rule Office Hours Peer Mentoring Webinars Skill development programmes
  • 10. Vibrant Hotspots of Activity
  • 11. Startup Ireland Speed Dating Business Days Startup Weekend Startup Grind Higher Education Institutions Co- working spaces Accelerators
  • 12. CHANGE
 …will be built on individuals’ strengths. Focus on people.
  • 13. Access to Talent
  • 14. Employee Stock Option Programmes JobBridge Corporate Job Bridge Expansion Visa Reform
  • 15. Access to Finance
  • 16. How are entrepreneurial businesses funded in Ireland? %ofrespondentsthatusedfundingsource 0% 18% 36% 54% 72% 90% 2%4% 7% 43% 33% 7%4% 4%4% 7% 40% 29% 6% 9% Initial funding Working capital Venture Capital Investment from state agency Bank finance Bootstrapped or self-funded State aid and grants Support or investment from friends/family Angel Investors Source: Survey of 2013 Ernst&Young Entrepreneur Award Winner Alumni n=57 Source of majority funding for most recent entrepreneurial venture Source: Survey of 2013 Ernst&Young Entrepreneur Award Alumni, n=57 Did you know?
  • 17. Encouraging investment in startups Access to credit Ease strain on cash-flow via prompt payments Crowdfunding
  • 18. CHANGE 
 …is Government facilitated, not led. Minimise reliance on government subsidies and avoid duplication of existing supports.
  • 19. Public Policy LEOs ADVICE TRAINING PERMITS Funding TAXATION
  • 20. Entrepreneurship Policy Unit ‘Startup Monitor’ to track performance Information Signposting Taxation/social welfare
  • 21. A call to action. bit.ly/IrelandStartups bit.ly/ EntrepreneurshipIRL2014 ! bit.ly/EFslideshare!
  • 22. • Illustrations by ThinkVisual: http://www.thinkvisual.ie/ • Kids coding (slide 7): coderdojo.com • Yoda (slide 9): http://kellyoldershaw.com/finding-your-wise- manwoman-or-mentor/yoda-quote-star-wars-650x487/ • Dogpatch labs (slide 10) courtesy of rude baguette www.rudebaguette.com • Startup Ireland at Dublin Web Summit 2013 (slide 15), courtesy of Startup Ireland www.startupireland.ie • Dept of Taioseach (slide 22) http://upload.wikimedia.org/wikipedia/ commons/a/a6/Dublin-Dept-Of-Taoiseach-2012.JPG Image references