May 26 2012
A few points + Seed funds and VC’s
1. Its very inexpensive and relatively easy to register a registered business or limited company. Many countries around the world have a slow (much slower than in Ireland) and bureaucratic registration process. Many also require permits and licences (outside of pharama, food, healthcare) for even basic businesses. It costs as little as €20 to register a business and less than €200 to incorporate a company. Ireland has one of the lowest barriers to new company creation.
2. It’s a part of the EU and the EuroZone,(and another zones) putting it on the doorstep to the largest tradinc bloc on the planet, albeit quite fragmented by geography and language.
3. Ireland has had, prior to 2008, an internal economy which has seen very high price growth in the retail and services sector. This is due to lack of competition – which has raised the prices of nearly everything. Vendors will charge the highest amount they can and consumers have paid it, due in part to lack of other options and also high amounts of disposable incomes.
There are a number of Seed funds and VC’s that are investing in startups, including:
- ACT Venture Capital
- AIB Seed Capital Fund
- Delta Partners
- Kernel Capital Partners
- Enterprise Equity
- NCB Ventures
- SOS Ventures