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24
Feb
2017

The words 'entrepreneurship' and 'entrepreneur' are used by policy makers and the media to describe business enterprise founders while the stars in particular in the high tech sector are seen as risk takers who have bet big on what may have once been seen as implausible ideas. Here our main focus is on employer firms in all sectors with at least one employee and data from the United States show that since 1977 the rate of new employer business formation (before accounting for firm deaths) has halved to about 8% — similar to firm birth rates  in Europe (2015) and Ireland (2016). The number of entrepreneurs is down from both the years 2000 and 2007 (the latter year was the last before the onset of the Great Recession).

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16
Dec
2016

High-growth firms (HGFs) are not typically high-tech firms, just as the word 'startup' may not refer to a new tech company despite the common misusage in the lexicons of politics, business and journalism. Policy makers also need to be aware that rapid growth of HGFs is typically not sustained.

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2
Dec
2016
28
Oct
2016

Venture capital investments in Europe fell sharply in the third quarter of this year and this week the Financial Times reported on a speech in London which put Europe's tech woes in stark terms. However, while policy makers should give attention to innovation in economies, just focussing on the tech/ digital sector is a road to economic and political failure.

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21
Sep
2016

Despite the presence of significant units of some of the world's most innovative companies in Ireland, "Patenting in particular is noticeably low compared to the innovation leaders, and more recently compared to Singapore, which has now overtaken Ireland in filing volume," according to an international report.

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12
Sep
2016

On Friday the Irish Venture Capital Association (IVCA) announced that "high tech Irish SMEs raised €249m in the second quarter of 2016 or a record €486m for the first half of the year" — up 58% on H1 2015 but much of this is a sham in the same league as Apple holding over $200bn in cash in Irish subsidiaries in Cork, or Irish GDP growth of 26% in 2015 which Paul Krugman, the US economist, last July dubbed Leprechaun Economics!

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19
Aug
2016
16
Aug
2016

Japan and the United States lead a small group of nations that are driving innovation in 3D printing, nanotechnology and robotics, three frontier technologies that hold the potential to boost future economic growth, a biennial report from the World Intellectual Property Organisation (WIPO), a United Nations agency, shows.

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18
Jul
2016
22
Jun
2016