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1,500 jobs to be created by start ups over three years

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Minister Richard Bruton with from left: Aine Behan, Cortechs Dublin; Xuemei Germaine, MicroGen Biotech Carlow, and Julie Sinnamon, CEO Enterprise Ireland

Over 1,500 jobs will be created over the next three years by 105 High Potential Start-Up (HPSUs) companies supported by Enterprise Ireland in 2015.

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.

New research, presented at the annual Enterprise Ireland Start-Up Investor Day, indicated that 9 out of 10 ten start-ups surveyed plan to increase staff in 2016. 6 in 10 expect substantial growth this year with the main export markets being the UK, Europe and USA.

Speaking at the Investor Day, Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said:

I am delighted that there is a strong regional representation with 47% of the high potential start-ups being from outside Dublin. Furthermore I am encouraged to see more young entrepreneurs– over 10% of the founders of the Class of 2015 are under 30. All of the start-ups involved today are the new ambitious promoters that will go on to become part of the growing number of internationally trading Irish companies that each year are increasing Irish exports and creating new Irish jobs – some I am confident will ultimately develop into the large employer Irish multinationals of the future. I wish all the Start-ups here today the very best for the future.

For more information read the press release here.