Start-up activity has remained resilient through the Covid-19 downturn despite a poor second-quarter, according to figures compiled by credit risk analyst CRIFVision-net. New company registrations fell just 4pc in 2020, to the lowest level since 2016. Nearly 22,000 companies registered for the first time last year, compared to slightly more than 21,000 in 2016. Start-ups hit a low point in April, when the economic impact [...]
Lending to businesses grew in November for the first time since the pandemic started, according to new data from the Central Bank. The volume of new loans non-financial companies crept into positive territory following a sharp bounce in economic growth in the third quarter, with large loans accounting for the bulk of lending. However, interest rates charged to Irish businesses were still more than two [...]
A consortium led by Dogpatch Labs has been confirmed as the winner of a €17 million five-year contract to manage start-up accelerator programmes on behalf of the State. A network of innovations hubs led by Dogpatch and also including regional partners Portershed Galway, Republic of Work Cork and RDI Hub Kerry, will manage the NDRC (National Digital Research Centre), a Government initiative to invest in [...]
The Government will consider expanding the scope of the Employment Investment Incentive (EII) scheme to provide improved support for startups and to enable projects to attract capital from a broader range of investors, according to Finance Minister Paschal Donohoe.He was queried this week – in a written question from Sinn Féin TD Kathleen Funchion – if a company would be able to raise funds under the [...]
Venture capital funding rose 41pc to €193m in the third quarter despite barriers thrown up by Covid-19 according to new figures from the Irish Venture Capital Association. It brings to €786m the amount raised by tech and biotech firms here so far in 2020, a 39pc jump on the same period in 2019. This puts the Irish tech sector on course to exceed €1bn in [...]
ID-Pal has won Merchant Anti-Fraud Solution of the Year at the 8th Annual Payment Awards. ID-Pal enables businesses to verify the identity of customers in real-time simply, securely and conveniently. The solution is easy to use, seamless to integrate and instantly customisable to the specific needs of any business, eliminating the complexity, cost, timelines and risk associated with regulatory compliance. Businesses gain access to a [...]
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