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Ireland ranks 5th highest among European countries for rates of early stage entrepreneurship

15 Aug 2019
26,900 people reported they were involved in starting a new business in 2018.
GEM 2.JPG
GEM 2.JPG
Graphic extracted from GEM, the 2018 Survey of Entrepreneurship in Ireland.


Department of Business, Enterprise and Innovation
and Donegal Digital partner Enterprise Ireland have recently presented the 'Global Entrepreneurship Monitor (GEM), the 2018 Survey of Entrepreneurship in Ireland'. The country ranks 5th highest of 20 in Europe on the Total early-stage Entrepreneurial Activity (TEA) Index and only Netherlands, Slovakia, Austria and Luxembourg are ahead.

The Global Entrepreneurship Monitor is a "trusted resource of data, analysis and expert opinion on entrepreneurship for key organisations such as the United Nations, World Economic Forum, World Bank, and the Organisation for Economic Co-operation and Development". This annual study has been conducted by Paula Fitzsimons of Fitzsimons Consulting and Dr Colm O’Gorman, Professor of Entrepreneurship, DCU Business School.

GEM takes into account the number of people across the country that have reported starting a new business during the last year. Authors explain that 26,900 people reported they were involved in starting a new business in 2018. Furthermore, it is also mentioned that one in five Irish adults aspire to start a business in the next 3 years.

According to Heather Humphreys TD, Minister for Business, Enterprise and Innovation, "each year, the data obtained through the GEM survey provides a unique and in-depth insight into entrepreneurship, a key focus of our new, whole-of-Government strategy, Future Jobs Ireland"


Read the article published by our partner Enterprise Ireland.
Find the whole report here.

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GEM.JPG
Donegal County Council Enterprise Ireland IDA Ireland Letterkenny Institute of Technology Udaras Pramerica ERNACT Failte Ireland