Surge in entrepreneurship last year as 32,000 people started new businesses

Entrepreneurship is on the rise, with a study showing nearly 70% more people set up their own business last year than in 2012.

The latest Global Entrepreneurship Monitor shows that 32,000 people started new companies here in 2013; as opposed to just over 19,000 in 2012, and that nearly 10% of adults are currently engaged in some form of early-stage entrepreneurial activity.

According to the findings, early entrepreneurial activity is at its highest since the onset of the economic crisis and the pipeline for future entrepreneurs is strong.