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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: Was the Living Over the Shop scheme an incentive scheme in the 1980s and 1990s?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: Missions for Growth is a European initiative and it is going to China and Turkey next. I hope it will come to Ireland. The committee has invited its representatives in the first quarter of next year and we hope it can bring in 150 or 160 companies to meet entrepreneurs and other businesses and to discuss Government access. It is an excellent opportunity.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: I have list of cards and I would be delighted to meet witnesses and go through it with them.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: As we look around the room, it is an example of what is happening everywhere else. This applies to both sides of the table. There is an issue with diversity.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: There has been a big change in trying to get more women on boards but, unfortunately, a huge amount of women do not apply. It is an issue of risk.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: It is very clean, it is 16.5%.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: I have heard that companies are setting up in Ireland, getting the early stage investment benefits and then relocating to the north or the UK.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: It is too complicated.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: I learned another interesting thing in Tel Aviv. One would need a degree in how to get around a website to understand the Enterprise Ireland site. With the Tel Aviv website, people can ask a question about female entrepreneurs and two or three other elements and it provides all of the relevant information. That is something we could suggest. I am familiar with the Enterprise Ireland...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: It was sector based.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: They widened the number of sectors but changed the term to three years and require that so many people must be employed.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: I welcome the delegates. This is a very interesting discussion. Coincidentally, I have just returned from Tel Aviv. I was there with a European mission for growth. As I had wanted to visit Tel Aviv for some time, when the opportunity was presented to the committee, I had my hand up first. The delegates are very familiar with the work we are doing in Cork with the Cork Foundation and in...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: I had noted that. We should definitely examine what we could do in that regard. However, it must be coupled with incubation. Cork County Council has incubation centres, but the one in Millstreet is half empty. We cannot get start-ups into it. It appears to be more of a city thing-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: 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...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Job Creation and Innovation: Startup Ireland (8 Jul 2014)

Áine Collins: The first thing that happens is that they want their headquarters there. We must find a policy to do something about this. We have a submission on getting a tax credit for angel investors. It goes up to €20 million and cuts off at €20 million in one year so that it is focused. The entrepreneur must get approval from the Revenue Commissioners. Seed capital is one of my...

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration
(3 Jul 2014)

Áine Collins: I accept that it did not seek help.

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration
(3 Jul 2014)

Áine Collins: With all due respect, I was not for a minute saying that. My point is that Mr. Cregan is implementing the policy that has been designed, and it is his job to do that, but in order to get to where we all need to get to on this - I understand from what Ms McGuinness stated earlier that another 60 of them are still outside of where they need to be - it seems that these organisations should get...

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration
(3 Jul 2014)

Áine Collins: I accept that. I asked Mr. Cregan about getting it down to the norms, because that is really where we all need to get to.

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration
(3 Jul 2014)

Áine Collins: When there was a new replacement?

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration
(3 Jul 2014)

Áine Collins: I accept that.

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