Venture capital-backed firms achieve strong jobs growth, research shows

FIRMS backed by venture capital investment have achieved strong jobs growth over several years.

Employment in venture capital supported firms grew at an annual rate of 18.6% from 2003, research shows.

The findings are based on a study carried out by UCD’s Department of Entrepreneurial Studies. “Our research finds that venture capital backed companies provide a substantial impetus to the ongoing development of a knowledge based economy,” said Professor Frank Roche. “These firms enjoy much faster jobs growth, employ more graduates, invest more in R&D and produce greater exports than the economy in general.”