445 new jobs in start-up firms

UP to 445 new jobs will be created by Government-supported start-up companies in the second quarter of the year.

Enterprise Ireland said that its quarter two results show a continued strong flow of activity and the roles will be created in 24 new high potential start-up companies.

This is in addition to the 310 jobs created in the first three months of the year and is up from the 284 jobs in Q2 last year.

Greg Treston, Head of High Potential Start-Ups at Enterprise Ireland said that these 24 companies come from a broad range of sectors, which confirms that there are significant opportunities for new export-focussed business start-ups, particularly in life sciences, bio-tech and medical technology, cleantech, food, telecommunications, internet services and other niche areas.

Minister for Jobs, Enterprise and Innovation Richard Bruton (pictured) said that the country must build an "indigenous engine of economic growth".

"In order to achieve this, we must focus on three things; reducing costs and red tape, improving access to finance and promoting an Irish innovation revolution," he said.