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.

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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Entrepreneurship Forum Report Ireland 2014

  1. 1. Entrepreneurship in Ireland Strengthening the Startup Community ! Report of the Entrepreneurship Forum - January 2014
  2. 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. 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. 4. 6 pillars Startup Ecosystem‘can-do’ culture peer mentoring vibrant hotspots access to talent public policy access to finance
  5. 5. CHANGE 
 …starts with culture of citizenship. ! Give before you get.
  6. 6. Innovative “Can-Do” Culture
  7. 7. Culture Education Under- represented groups
  8. 8. Mentorship & Peer Learning
  9. 9. “Always two there are, a master and an apprentice.” the 80/20 rule Office Hours Peer Mentoring Webinars Skill development programmes
  10. 10. Vibrant Hotspots of Activity
  11. 11. Startup Ireland Speed Dating Business Days Startup Weekend Startup Grind Higher Education Institutions Co- working spaces Accelerators
  12. 12. CHANGE
 …will be built on individuals’ strengths. Focus on people.
  13. 13. Access to Talent
  14. 14. Employee Stock Option Programmes JobBridge Corporate Job Bridge Expansion Visa Reform
  15. 15. Access to Finance
  16. 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. 17. Encouraging investment in startups Access to credit Ease strain on cash-flow via prompt payments Crowdfunding
  18. 18. CHANGE 
 …is Government facilitated, not led. Minimise reliance on government subsidies and avoid duplication of existing supports.
  19. 19. Public Policy LEOs ADVICE TRAINING PERMITS Funding TAXATION
  20. 20. Entrepreneurship Policy Unit ‘Startup Monitor’ to track performance Information Signposting Taxation/social welfare
  21. 21. A call to action. bit.ly/IrelandStartups bit.ly/ EntrepreneurshipIRL2014 ! bit.ly/EFslideshare!
  22. 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

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