Ireland primed to be crowdfunding leader

Ireland has all the ingredients to become a driving force behind European crowdfunding and continue to develop as a start-up hub, according to a leading expert.

Crowdfunding, which allows entrepreneurs to raise money from online contributors as an alternative way of funding their business, has become increasingly popular in recent years with huge growth in countries such as the US and UK.

The funding mechanism has caught on all across the globe, including in Ireland where there is potential for the industry to boom in the coming years, partly due to the relatively small market that exists here.