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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