'New firms need help' according to Amarach Research

Ireland’s early-stage entrepreneurs are in need of better mentoring services, improved access to funding and more support from large corporates if they are to successfully scale-up, according to a new survey.

The study — conducted by Amarach Research on behalf of Startup Ireland, the nationwide mentoring and lobby group for entrepreneurs — shows an increase (to 42%) in the number of start-ups in operation for one to three years, suggesting that more are surviving and moving into the next stage of growth by the year.

However, in terms of obstacles blocking their scaling ability, 81% said supports are difficult to access, while 79% said funding and talent were difficult to find.