Mergers and acquisitions back to pre-pandemic levels, but fewer start-ups enter Irish market

There has been a significant drop in wholesale, retail and fishing start-ups entering the market this year compared to 2021.

Stringent compliance practices for EU start-ups is one of the biggest threats to early-stage businesses, according to entrepreneurs that took part in a survey by payment software provider Stripe.

The number of start-ups in Ireland is rapidly decreasing, with a significant drop in wholesale, retail and fishing start-ups entering the market recorded already this year. 

The year began positively for start-ups, with some growth recorded compared to 2021, but then figures across industries began to contract especially after Russia invaded Ukraine.