Vast majority of tech start-ups could fail inside six months, warns industry group

Scale Ireland calls for government to provide liquidity support and R&D grants

Emmet Ryan

Technology Correspondent @emmetjryan
3rd May, 2020
Vast majority of tech start-ups could fail inside six months, warns industry group
Claire McHugh, chief executive of video technology company Axonista.

The vast majority of Ireland’s tech start-ups are at risk of going under inside the next six months unless the government improves support, according to research by industry group Scale Ireland.

The study of Irish start-ups found that 80 per cent had enough capital to only keep going for the next six months, with a fifth of businesses saying they only had enough to keep going for the next month.

“It would be useful...

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