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
Áine Collins (Cork North West, Fine Gael)
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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.