Oireachtas Joint and Select Committees

Tuesday, 25 February 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Strengthening the Start-up Community: Discussion

2:20 pm

Photo of Áine CollinsÁine Collins (Cork North West, Fine Gael) | Oireachtas source

That is an interesting point. I was not aware of that blockage, but we can look at it. The seed capital scheme has never worked because it is too difficult. That is another system that has been in place for years. Even when there was money around, people were not using the scheme because it was too onerous to activate it. A person needed the money to invest in shares before it could be drawn back. That can take time and even to get the money is an onerous task for a small business.

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