Tech sector struggle sees call for more state start-up funding

Scale Ireland wants Enterprise Ireland seed capital budget doubled to €300m and for pension funds to be allowed invest in early-stage companies

Scale Ireland warned that many early-stage companies are facing funding issues

The government has been urged to significantly increase the amount of funding it provides to start-ups and scaling companies as tech firms continue to struggle amid a weaker economic environment.

It has also been called upon to unlock further sources of capital by allowing pension funds to invest in early-stage companies, as has recently been permitted under new reforms in Britain.

Scale Ireland, a representative organisation for the tech sector, warned that many early-stage companies ...