Ireland 14th in EU for entrepreneurship but ambitions rise: report

Fifteen per cent of early stage entrepreneurs expect to employ 20 or more after five years, comparing very favourably with international averages.

5th July, 2013
Sean O'Sullivan

A total of 19,000 Irish people started new businesses in 2012, according to the Global Entrepreneurship Report.

Ireland is now ranked 14th across the EU and 18th among the OECD countries in terms of entrepreneurial activity after a drop in the rate of activity to 6.1 per cent, down from 7.3 per cent in 2011.

However new business start-ups are increasingly innovative and most expect to find customers in export markets, the report found.

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