Over 1,500 jobs forecast for start-up companiesWednesday 10 February 2016 21.59
Research indicates more than 1,500 jobs will be created over the next three years by 105 'high potential start-up' companies, or HPSUs, supported by Enterprise Ireland in 2015.
HPSUs are start-up businesses with the potential to develop an innovative product or service for sale on international markets and the potential to create 10 jobs and €1m in sales within three to four years of starting up.
The research, presented at the annual Enterprise Ireland Start-Up Investor Day, indicated that 9 out of 10 start-ups surveyed by Amárach Research on behalf of Enterprise Ireland plan to increase staff this year.
60% expect substantial growth this year, with the main export markets being the UK, Europe and USA.