Oireachtas Joint and Select Committees

Wednesday, 22 March 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Start-up and Scaling Environment in Ireland: Discussion

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
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I like that expression, "the hazards of Brexit aside". It is one very small sentence, but it is a very big proposition.

I will ask Mr. Ashmore about funding and the role of that State. We know there are funding challenges, and the State obviously has a role to bridge those. Can I hear a little bit more about that? Where the State takes a risk to invest public money, private capital then follows. In his submission, Mr. Ashmore spoke about catalysing that investment. Will he tell us a little bit more about that? At what point is confidence form the private sector established? I know there is not necessarily a point on a map or whatever, but how does that work? Where are the successes? Where has it worked well? Will Mr. Ashmore list where it performed best? That relationship is important in terms of the role of giving confidence before the private sector will come in. Where are the success stories coming out of that?