Entrepreneurship in Ireland: Strengthening the Startup Community. Highlights of the 2014 Report released by the Entrepreneurship Forum. The full report can be accessed at bit.ly/EntrepreneurshipIRL2014 If you are interested in getting involved, visit bit.ly/IrelandStartups

1. Entrepreneurship in Ireland
Strengthening the Startup Community
!
Report of the Entrepreneurship Forum - January 2014

2. 7 members of the Entrepreneurship Forum.
100+ stakeholder consultations and submissions.
3 key principles.
6 pillars of an effective startup ecosystem.
69 recommendations for Government and industry.
1 strengthened startup community in
Ireland.
By the numbers…
7
100+
69
1
6
3
strengthened startup
community in Ireland.

3. …will be
built on
individuals’
strengths.
…is
Government
facilitated,
not led.
3 key principles
…starts
with culture of
citizenship.
Change for Ireland’s startup community…

4. 6 pillars
Startup
Ecosystem‘can-do’ culture
peer mentoring
vibrant hotspots access to talent
public policy
access to finance

5. CHANGE
…starts with culture of
citizenship.
!
Give before you get.

6. Innovative
“Can-Do”
Culture

7. Culture Education
Under-
represented
groups

8. Mentorship
& Peer
Learning

9. “Always
two there
are,
a master
and an
apprentice.”
the
80/20
rule
Office
Hours
Peer
Mentoring
Webinars
Skill
development
programmes

10. Vibrant
Hotspots of
Activity

11. Startup
Ireland
Speed
Dating
Business
Days
Startup
Weekend
Startup
Grind
Higher
Education
Institutions
Co-
working
spaces
Accelerators

12. CHANGE
…will be built on
individuals’ strengths.
Focus on people.

13. Access to
Talent

14. Employee
Stock Option
Programmes
JobBridge
Corporate
Job
Bridge
Expansion
Visa
Reform

15. Access to
Finance

16. How are entrepreneurial businesses funded in Ireland?
%ofrespondentsthatusedfundingsource
0%
18%
36%
54%
72%
90%
2%4%
7%
43%
33%
7%4%
4%4%
7%
40%
29%
6%
9%
Initial funding Working capital
Venture
Capital
Investment from
state agency
Bank finance
Bootstrapped or
self-funded
State aid
and grants
Support or
investment from
friends/family
Angel
Investors
Source: Survey of 2013 Ernst&Young Entrepreneur Award Winner Alumni
n=57
Source of majority
funding for most recent
entrepreneurial venture
Source: Survey of 2013 Ernst&Young
Entrepreneur Award Alumni, n=57
Did
you
know?

17. Encouraging
investment in
startups
Access to
credit
Ease strain
on cash-flow via
prompt
payments
Crowdfunding

18. CHANGE
…is Government
facilitated, not led.
Minimise reliance on
government subsidies and
avoid duplication of
existing supports.

19. Public
Policy
LEOs
ADVICE
TRAINING
PERMITS
Funding
TAXATION

20. Entrepreneurship
Policy Unit
‘Startup
Monitor’ to track
performance
Information
Signposting
Taxation/social
welfare

21. A call to action.
bit.ly/IrelandStartups
bit.ly/
EntrepreneurshipIRL2014 !
bit.ly/EFslideshare!

22. • Illustrations by ThinkVisual: http://www.thinkvisual.ie/
• Kids coding (slide 7): coderdojo.com
• Yoda (slide 9): http://kellyoldershaw.com/finding-your-wise-
manwoman-or-mentor/yoda-quote-star-wars-650x487/
• Dogpatch labs (slide 10) courtesy of rude baguette
www.rudebaguette.com
• Startup Ireland at Dublin Web Summit 2013 (slide 15), courtesy of
Startup Ireland www.startupireland.ie
• Dept of Taioseach (slide 22) http://upload.wikimedia.org/wikipedia/
commons/a/a6/Dublin-Dept-Of-Taoiseach-2012.JPG
Image references