High Potential Prospects

Enterprise Ireland has just published the results of an Amárach survey of High Potential Start Ups (HPSUs).

Enterprise Ireland’s Kevin Sherry said that the research survey on HPSUs carried out by Amárach reflects a positive outlook with more than half of HPSUs benefiting directly from Ireland’s economic performance. “2015 was a record year for Enterprise Ireland in terms of supporting start-ups. The outlook is positive but some challenges remain. According to the research of start-ups, the main barrier to growth is access to talent (for 55% of HPSUs), followed by competitive pressures and regulation/compliance requirements. 8 in 10 HPSUs see growth coming from new clients, while three quarters expect to grow by launching new products.”

While 1 in 5 respondents to the research were female, almost half (47%) felt that it was getting easier for women to start and grow a business – with the balance seeing no change.

“Up to 2011, female-led enterprises accounted for just 7% of new start-ups. Participation by female entrepreneurs in our High Potential Start-Up programme increased to 22% in 2015, surpassing our target of 18%. This is a positive trend and we need to continue to encourage more female entrepreneurs to start and scale new businesses.

“Our ambition is that in the coming years there will be no need for tailored supports and initiatives for Irish female entrepreneurs because Irish business women will no longer be under-represented in the businesses and boardrooms of Ireland. However, until we reach that point, we will be continuing our drive to increase their participation levels”, concluded Kevin Sherry.