September, 2010


29
Sep 10

Ireland Must Incentivize Entrepreneurial Activity

new report published by the Certified Public Accountants (CPA) Ireland has urged the government to conduct a review of the taxation of entrepreneurial activity in Ireland, to foster new start-ups.

The CPA’s ‘Entrepreneurship Report’, launched by Batt O’Keeffe, Irish Minister for Enterprise, Trade and Innovation, supports government efforts to aid small businesses, including through plans to introduce a loan guarantee scheme, but calls for state support to be extended to all job-creating activity and not those engaged in manufacturing or exporting, and a shift in tax rates to support entrepreneurial activity.

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29
Sep 10

Positive start to Fingal Enterprise Week

Fingal Enterprise Week kicked off today at Bill Cullen’s Europa Academy in Swords, Co Dublin, with a question and answer session involving a panel including Nicola Byrne from 11890 and Pat Delaney of IBEC.

Talk of the shrinking economy quickly turned into talk of new business opportunities at the event organised by Fingal County Enterprise Board, which features free seminars, workshops and mentoring clinics.

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29
Sep 10

UK Students opt for entrepreneur as career of choice

According to research from Hiscox, no less than 40 per cent of students in London are either running their own business or are about to do so. And Hull, the city that has suffered from permanent economic depression for decades, is second in the chart of would-be entrepreneurs. It’s good news surely, but why is this, do you think?

This is what Hiscox has found. A mere 1 per cent of graduates believe that qualifications are the most important factor when thinking about setting up a business. Rather, they reckon creative thinking (40 per cent), the ability to network (38 per cent) and risk-taking (28 per cent) are the key attributes of successful entrepreneurs. And it seems our ambitious young students admire entrepreneurs who have made it, rating Sir Richard Branson (24 per cent) and Lord Alan Sugar (20 per cent) as the most inspirational entrepreneurs globally.

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29
Sep 10

Call for new business lending bank

ISME has noted an improvement in the level of bank lending to small businesses but said credit levels are still a long way off normal patterns.

In its latest quarterly Bank Watch Survey, the small firms lobby group said 42% of respondents who have applied for funding within the last three months were turned down by their banks. This number was down from the 55% reported in the preceding quarter.

“The improvement reported in the quarter, while welcome, is still twice the refusal rate experienced in ‘normal’ times and doesn’t go far enough to addressing the credit crisis,” according to ISME chief executive Mark Fielding.

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29
Sep 10

Invest Ireland offers Irish entrepreneurs funding opportunity

Invest Ireland 2010, the DCU Ryan Academy hosted conference on innovation, opens today, Tuesday through to Thursday. This exciting event aims to connect Ireland’s most aspiring new entrepreneurial ventures with Angel and Venture investors from Ireland and the US with the possibility of up to €30 million funding to be secured.

In total, 11 entrepreneurs will present to investors in the hope of securing a chunk of the seed capital that is ear- marked for investment with emerging growth businesses, start-ups, and university technologies all from Ireland. Presentations will take place on Wednesday throughout the day and will be followed by a series of one- on -one meetings between investors and entrepreneurs as they strive to highlight why their business and their ideas are worth investing in.

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28
Sep 10

Mobile firm to create 50 jobs in Cork

A firm that makes protective covers for mobile phones is to create 50 new jobs in Cork over the next two years.

The US-based company, OtterBox, is setting up a new headquarters in George’s Quay, Cork, for the Europe, Middle-East and Africa (EMEA) market.

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28
Sep 10

Small firms getting more bank credit – ISME

The Irish Small and Medium Enterprises Association says there was an improvement in access to bank credit for small companies in June, July and August.

But in its quarterly bankwatch survey, ISME warns that there is still a long way to go before the country gets back to ‘normal lending’.

Today’s survey shows that 42% of firms who applied for funding in the last three months were refused credit by their banks. This compares to 55% in the previous quarter.

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27
Sep 10

Govt appoints dream team to draw up plan for ‘smart jobs’

Minister for Enterprise, Trade and Innovation Batt O’Keeffe TD has appointed a group of industrialists, academics and civil servants, led by Intel’s Jim O’Hara, to draw up a report to spearhead a push for target areas that will create ‘smart jobs’ for the country.

The high-level group led by one of Ireland’s top industrialists has begun work on a five-year prioritisation plan for Government investment in research and ‘smart’ jobs, according to O’Keeffe.

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27
Sep 10

Private hospital’s €100m expansion to create 125 jobs

A €100m expansion of Dublin’s Blackrock Clinic will create 125 new jobs over the next five years, it was announced yesterday.

Health Minister Mary Harney opened the three new floors added to the existing private hospital facility and a multi-storey car park on the campus.

The expansion involves a 42pc increase in beds at the hospital, bringing the total to 170.

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27
Sep 10

Conditions for venture capitalists to relocate to Ireland ‘top class’

It’s a “great time for international venture capitalists to locate in Ireland”, according to director general of the Irish Venture Capital Association (IVCA) Regina Breheny.

The IVCA welcomed the announcement by the Minister for Enterprise, Trade and Innovation Batt O’Keeffe to draw top investors to Ireland under a €500m venture capital fund.

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