IVCA (The Irish Venture Capital Association) have a new report available at ivca.ie entitled The Economic Impact of Venture Capital in Ireland. The survey of 220 Irish companies that were established and running between 2003 and 2004 found that VC-backed companies
…”grow faster, create more employment, export more and invest more in reasearch and development (R&D) and in sales and marketing than other indigenous firms”
Prof Frank Roche and Vincent Sheridan,
Centre for Entrepreneurial Studies in University College Dublin
Some very interesting facts here including…
- Hi-tech companies in Ireland account for over 86% of the EUR1.25 billion invested by IVCA members. This is way above the European average of 18%.
- 46% was invested in start-ups or early-stage companies. Again, way above the 28% European average
and more at http://www.ivca.ie