Thursday 27 October 2016

Almost 1,200 tech firms set up since the start of the year

Paul O'Donoghue

Published 04/11/2015 | 02:30

Christine Cullen vision-net.jpg
Christine Cullen vision-net.jpg

Just under 1,200 tech startups have been formed here since the start of the year, according to new data.

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Credit and business risk analyst said 1,185 companies have been started in the sector from the start of January to the end of October. This compares to 1,201 new tech startups established during the same period in 2014.

Dublin accounts for 57pc of all tech startups formed this year, followed by Cork with 8pc and Galway with 5pc. Together, these counties account for almost seven out of ten of all new tech start-ups formed this year. managing director Christine Cullen said Ireland's IT sector is "going from strength to strength, aided by continued State investment in startup companies and a supportive network of multinationals offering mentorship and investment of their own".

She added: "There remains a very strong concentration of tech startups in our three main cities.

"While extremely positive for these cities, we need to promote and create the environment for increased tech startups in the regions."

Irish Independent

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