Oireachtas Joint and Select Committees

Tuesday, 8 July 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Action Plan for Job Creation and Innovation: Startup Ireland

2:50 pm

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

It has to be vibrant and located in the middle of the city, not on the outskirts, as people want to be in the centre.

Obtaining venture capital of €2 million to €5 million has been a problem in Ireland for 20 years, not just today. As a state, we will probably have to set up our own venture capital fund to try to partner with someone else or do something different. We are putting all of the money into early stage investments, but they reach a certain stage and relocate to North America.

Comments

No comments

Log in or join to post a public comment.