International Start-Up Fund will help to attract further overseas business – Deering

28th October, 2011

Carlow Fine Gael TD, Pat Deering, has said that the new €10 million International Start-Up Fund, launched by Enterprise Minister, Richard Bruton, will help to attract further high level investment into Ireland.

“This fund is aimed at encouraging overseas investors and innovators to choose Ireland as a location for start-up businesses. The sky is the limit here; as the Minister said we need to aim not only to attract the next Google to Ireland, but to grow the next Google in Ireland.

“There is no reason why Carlow can not be a real contender when it comes to attracting international entrepreneurs. It serves as a gateway to the south east region from Dublin and the midlands, we have a high quality Institute of Technology, excellence infrastructure and a well trained labour force. These qualities are enhanced by the social and cultural heritage of the region, which makes it a great place to live.

“Small start-ups can grow into major employers. The new €10 million fund will be focussed on international investors with links to Ireland, who are interested in setting up business here. The Government is clearly sending out the message that we are open for business, and ready to support top quality investments.

“We already have a number of world leaders based here in Ireland, like Skype, LinkedIn and Facebook. There are plenty of excellent reasons for global investors to choose Ireland as a location; our low corporation tax rate, falling costs across the economy, we are a world leader for start-up programmes and we have a top class record in research and development.

“Indigenous companies provide three times more benefit to the Irish economy than multinationals. Building on Ireland’s reputation as an ideal location for start-ups will help get employment growing again. I would like to commend the Minister on his work on this initiative”