Bookmark and Share
16/08/2017

35,000 New Business Owners In 2016 - GEM Survey

Ireland saw 35,000 people become business owners in 2016, according to the Global Entrepreneurship Monitor (GEM) 2016 Survey of Entrepreneurship in Ireland.

The Global Entrepreneurship Monitor (GEM) survey, described as the world's foremost study of entrepreneurship, was sponsored by Enterprise Ireland, supported by the Department of Jobs, Enterprise and Innovation. The survey was authored by Paula Fitzsimons of Fitzsimons Consulting and Dr Colm O'Gorman, Professor of Entrepreneurship, DCU Business School.

Commenting on the Survey, An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald, said: "The GEM 2016 report provides timely research which will help inform our entrepreneurship strategy and in particular, the mid-term review of The National Policy Statement on Entrepreneurship. With 35,000 new business owners in 2016, Ireland ranks 6th highest in Europe for new business owners.

"I am particularly heartened that the rate of early stage entrepreneurship in Ireland has now returned to the levels observed pre-recession and that many Irish entrepreneurs have growth ambitions and expect to be employers.

"Like most countries, there are more male entrepreneurs (63%) than female (37%), but that gap narrows as one moves from actively planning to actually starting a new business. At 1 in every 14 women in Ireland, the number of female entrepreneurs in 2016 is the highest noted since GEM research started in 2000. Initiatives to encourage female entrepreneurship, like Enterprise Ireland's dedicated female entrepreneurship unit, are helping to further reduce the gender gap."

Niall O'Donnellan, Head of Strategy, People and Regions, Enterprise Ireland added: "Ireland is one of seven countries that scores above the European average for both the rate of entrepreneurship (new business owners) and rate of intrapreneurship (employees engaged in entrepreneurship for their employer). The latest GEM survey shows strong global ambition amongst nascent entrepreneurs and new business owners with almost four in five expecting revenues from international customers. In 2007, more than 40% of entrepreneurs were focused exclusively on the Irish market.

"This figure had dropped back to just 20% by last year demonstrating Irish companies increased willingness and ability to do business and operate internationally. Enterprise Ireland is committed to supporting entrepreneurs and start-ups to grow and expand their reach in overseas markets, helping them to compete on a global scale".

(MH/LM)

Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.

15 February 2018
Autodesk To Create 200 New Jobs
Design software firm Autodesk will create 200 new jobs by the end of 2018 at its new facility in Dublin. The Minister for Business, Enterprise and Innovation Heather Humphreys TD joined Autodesk CEO Andrew Anagnost to announce the opening of a major new site for the company.
12 February 2018
Web Solutions Provider To Create 10 New Jobs
A web solutions provider in Belfast has announced it is to create 10 new jobs. Flint Studios is investing £800,000 to expand its business.
07 February 2018
Stripe To Establish New Engineering Hub In Dublin
Dozens of new engineer positions are to be created by technology platform Stripe over the next few years in Dublin. The news comes as the company plans to establish its European headquarters in Silicon Docks. Welcoming the announcement, Chief Executive Officer of IDA Ireland Martin Shanahan said: "It is a very exciting time for Stripe.
29 January 2018
Council Announce New Career Development Programme
Belfast City Council has announced a new Career Development Programme which aims to support more than 4,000 young people in Belfast to get on the road to career success over the next two years.
03 May 2006
GEM Report Finds Ireland Favours Business
The Irish Report of GEM (Global Entrepreneurship Monitor) for 2005 has found that Ireland remains one of the leading countries in Europe in terms of entrepreneurship and is fast approaching the levels of early stage entrepreneurial activity prevalent in the United States.
16 February 2018
Architecture Firm To Create 13 New Jobs In Belfast
A London-based design and architecture practice has announced it is to create 13 new jobs in Belfast. MoreySmith is to establish its second office in the city and Invest NI has offered the company £78,000 towards the new posts.
06 February 2018
Around 90 Jobs To Go At NIE
Northern Ireland Electricity (NIE) is to reportedly axe around 90 jobs amid "efficiency" plans for the business. Sinn Fein MLA Cathal Boylan has called for a meeting with the firm to discuss the need to safeguard the welfare of workers. He said: "Whatever the outcome of this, the lives and livelihoods of employees must be protected.
23 January 2018
100 New Jobs Announced By N3
Sales and marketing firm N3 has announced that it is to create 100 new full-time jobs by the end of 2018. N3 is a client of the Department of Business, Enterprise and Innovation through IDA Ireland.
14 June 2012
BDMs Appointed To 37 Community Enterprise Centres
Business Development Managers are to be appointed to 37 Community Enterprise Centres across the country as part of a €2million programme aimed at protecting and growing businesses in the community, the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD announced today.
13 June 2006
1,000 Jobs To Be Created In Belfast
Around 1,000 jobs are to be created in Belfast, it has been announced. Indian company, ICICI OneSource, one of the country's largest business processing outsourcing (BPO) firms, is to open a call centre in the city, creating over 1,000 jobs over the next two-years.
09 June 2011
Hundreds Of Jobs To Be Created In Start-Up Programme
The Government, through Enterprise Ireland, has supported the establishment of 80 new high potential start up companies in 2010, involving over 150 entrepreneurs. These companies will create over 770 new jobs over the next three years, bringing their total employment to almost 1,300.
27 March 2003
Government supports enterprising education
Enterprise Minister, Ian Pearson has launched the Enterprising Education plan which aims to strengthen links between the local business and education sectors for future prosperity.