Sunday February 23, 2020

Start-Ups: Necessity is the mother of innovation

Necessity-driven entrepreneurship is the main reason for people starting up businesses in Ireland.

16th June, 2012
Paula Fitzsimons, national coordinator, GEM. Photo: Jason Clarke

Paula Fitzsimons, national coordinator of The Global Entrepreneurship Monitor (GEM), which will be releasing its 2011 Report on Ireland in August, said the indication so far was that more companies were set up in Ireland in 2011 than in 2010.

The report found that necessity-driven entrepreneurship was the main reason for people starting up businesses in Ireland.

"One third of people in 2010 set up businesses because they had no other choice and I think that will continue...

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