Putting the Spark into crowdfunding
The arrival of equity crowdfunding through Spark Crowdfunding two years ago changed the landscape for small to medium-sized Irish investors
“Investment in early-stage businesses is seen as high-risk and potential investors need to be incentivised to invest,” says Chris Burge, chief executive of Spark Crowdfunding, Ireland’s only equity crowdfunding company.
One of the few incentives in Ireland to encourage private investors to buy shares in early-stage Irish companies is the EIIS scheme, or the Employment and Investment Incentive Scheme.
Under this scheme, Irish investors can claim back 40 per cent of the investment they make ...