Forecasts of 2,800 tech start-up jobs are ‘conservative’

Forecasts of technology start-ups contributing €200m a year to the Dublin economy by 2020 and creating 2,800 jobs have been described as "conservative", with one industry mentor suggesting such figures could be doubled.

Addressing the Joint Oireachtas Committee on Jobs, Eoin Costello of Start-up Ireland said while there remain challenges to overcome for Dublin to truly become an internationally renowned technology start-up hub, it could be well on the way by 2020.

Last year’s ‘Activating Dublin’ report from Dublin Chamber of Commerce and Dublin City Council suggested the capital could become the number-one technology start-up city in Europe by 2020, with the sector contributing €200m to the local economy on a yearly basis.