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Enterprise Ireland & Start-Ups in 2014: How did they do?

This morning, Enterprise Ireland convened their 'Class of 2014', which comprises of all the High Potential Start-Up' (HPSU) companies  that they supported during 2014. This happens every year, when the companies supported that year meet up to take stock of where they are and to get a further bit of advice and network with each other. 

As well as this event, the Government agency that supports Irish businesses to get international, released some key statistics about the Class of 2014 and their work with companies like them. And it makes for some interesting reading: 

JOBS_HPSU_graphic_ART

So what’s a HPSU?

HPSUs are start-up businesses with the potential to develop an innovative product or service for sale on international markets and the potential to create 10 jobs and €1m in sales within 3 to 4 years of starting up. 

How does Enterprise Ireland work with HPSUs?

Enterprise Ireland is responsible for supporting High Potential Start-Up (HPSU) Companies. To avail of HPSU supports, you must be a client company of Enterprise Ireland. Funding supports from Enterprise Ireland are closely aligned to a company’s stage of development; feasibility stage; investor ready stage or growth stage.

If you are not currently a client of Enterprise Ireland you can find out learn more about qualifying as a HPSU here.

Action Plan for Jobs 2015

The Action Plan for Jobs is the Government’s plan to improve the conditions for creating new jobs. Driving and supporting entrepreneurs and start-ups is at the heart of this strategy. One of the priorities for this year's Action Plan is to expand reform measures to boost entrepreneurship across all areas of the economy and society, based on implementation of the Government’s Entrepreneurship Plan.

Find out more about Government's Action Plan for Jobs here.