Fitzsimons, Paula and O'Gorman, Colm ORCID: 0000-0003-4732-7433 (2020) Entrepreneurship in Ireland 2019 (Global Entrepreneurship Monitor). Project Report. UNSPECIFIED.
Abstract
The Global Entrepreneurship Monitor (GEM) has been keeping its
finger on the pulse of entrepreneurship since 1999. In 2019, fifty economies across the world participated in the research by collecting representative surveys among the adult population, as well as surveys among each economy’s experts in entrepreneurship.
Over 3,000 people started a new business every month in Ireland in
2019 and the rate of early stage entrepreneurial activity observed was
the highest it has ever been since we began to track rates. This was
driven by an increase in the rate at which both men and women were
early stage entrepreneurs. The rate for men increased more strongly
than it did for women. Across the OECD Ireland ranks 10th in terms of early stage entrepreneurs and 4th in Europe. The entrepreneurial funnel in Ireland would also appear to be strong with one in five aspiring or planning to start a business in the next three years. Men and women are well represented among those that aspire to be entrepreneurs in the future. However, they are planning and starting quite different types of businesses. Women are more focused on consumer services.
An observation across countries is that levels of early stage
entrepreneurship increase with age and then decline. In Ireland, we
have noted for many years a relatively low rate of involvement by
young people as early stage entrepreneurs. In 2019, however, there
was a significant increase in young people planning and starting a
business. The rate of early stage entrepreneurs among those aged
55+ continued to strengthen in Ireland, placing Ireland to the fore in
Europe in this regard and 6th across the OECD. Entrepreneurs are valued for a myriad of reasons including their job creation potential. However, in many countries, such as Norway and Sweden for example, a considerable proportion does not expect to become employers. In Ireland, however, 79% of early stage entrepreneurs expect to become employers and a significant proportion expect to grow their employment numbers considerably over time. Ireland is ranked first across the OECD in terms of jobs growth expectation.
Metadata
Item Type: | Monograph (Project Report) |
---|---|
Refereed: | No |
Uncontrolled Keywords: | Entrepreneurship; Ireland; SMEs |
Subjects: | Business > Innovation |
DCU Faculties and Centres: | DCU Faculties and Schools > DCU Business School |
Use License: | This item is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 3.0 License. View License |
Funders: | Enterprise Ireland, Department of Business, Enterprise and Innovation, |
ID Code: | 25137 |
Deposited On: | 03 Nov 2020 14:52 by Colm O'gorman . Last Modified 07 Jan 2022 14:38 |
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