Access to finance now ‘number one issue for Irish tech firms’

Enterprise event addressed by Simon Coveney hears calls for doubling of Enterprise Ireland’s seed funding pot

Simon Coveney: ‘Female participation in the workforce is at an all-time high, and youth unemployment remains relatively low and continuing to fall.’ Picture: Bryan Meade

Funding is the “number one issue” for Irish tech companies, an industry group has said, as access to finance becomes increasingly difficult for many firms in the sector.

Martina Fitzgerald, the chief executive of Scale Ireland, has also called for a doubling of the Enterprise Ireland seed and venture capital fund, noting that the level “hasn’t changed in 15 years”.

“Funding is our number one issue this year, as identified by our members,” Fitzgerald said ...