Entrepreneurship on the rise - KPMG Ireland
close
Share with your friends
Entrepreneurship on the rise

Entrepreneurship on the rise

Entrepreneurship on the rise

Ireland moved into 5th place among EU countries for those who aspire to be entrepreneurs, with 1 in 5 people in Ireland aspiring to start a business, according to the latest Global Entrepreneurship Monitor (GEM) survey of entrepreneurship in Ireland.

The annual survey, supported by Enterprise Ireland and the Department of Business Enterprise and Innovation, examines all aspects of entrepreneurship including sector growth, jobs impact and international orientation, benchmarking the results against our European counterparts.

We have a strong and clearly identifiable entrepreneurial ecosystem here in Ireland and benchmark very strongly against our European peers.

Olivia Lynch, Partner, KPMG Private Enterprise welcomed the survey results commenting "The results of this research reaffirms what we're seeing in KPMG through our work with entrepreneurs and new business owners – we have a strong and clearly identifiable entrepreneurial ecosystem here in Ireland and benchmark very strongly against our European peers. These strong results validate the collective actions and efforts of all stakeholders involved in driving the entrepreneurship agenda and shining a light on the value of entrepreneurship to our economy.”

Key findings

Key findings include:

  • Ireland moves into 5th place among EU countries for those who aspire to be entrepreneurs
  • Entrepreneurs are more highly regarded in Ireland than are they are in France, Germany and Italy
  • One in seven early stage entrepreneurs is aged 55 or over
  • 27,000 people across Ireland have reported that they were involved in starting a new business last year
  • The rate of female early stage entrepreneurs in Ireland is now the 5th highest in Europe

Olivia Lynch continued saying: “We are particularly pleased to see an increase in female entrepreneurship activity reflected in the results. We’re proud of our work in driving this agenda through our involvement in the Going for Growth programme, along with Enterprise Ireland, and hope to see this trend continue as more women in Ireland realise their ambitions in business.”

The report in full can be viewed at: https://dbei.gov.ie/en/News-And-Events/Department-News/2019/August/12082019a.html

1000