Climb Ireland to host a regional start-up summit in Cork

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The Regional Start-up Summit will see Irish founders and investors discuss key industry issues.

Scale Ireland, the independent non-profit body representing Irish innovation-driven companies, will host a regional start-up summit in Cork next year.

Scheduled for January 28, the Microsoft-supported Scale Ireland summit will be launched by Taoiseach Micheál Martin with the aim of discussing the many issues faced by start-ups across Ireland.

Major players on the Irish start-up scene, including customer lifecycle management software company Fenergo, which has recently been acquired by two private equity firms, and HR software company Workhuman, which achieved unicorn status last year after a valuation of $ 1.2 billion.

Scale Ireland is a fairly new organization that it has been started by a group of Irish start-up leaders in 2019 to promote and represent the sector. It is led by a serial investor and entrepreneur Brian Caulfield, and is based in Dublin’s Dogpatch Labs.

“We are at an important time in terms of Ireland’s economic future, and it is vital that we receive feedback from founders across the country and learn about the problems and opportunities they are facing,” Caulfield said at the summit announcement.

According to Scale Ireland, there are currently more than 2,000 indigenous technology start-ups and expanding companies, employing more than 47,000 people in Ireland.

Key issues

Some of the key points to be discussed at the summit, besides the general interests of the industry, will be the issue of the low representation of women in space. As Irish tech start-ups grew a record 932 million euros in the first half of this year, funding for companies with female founders decreased from 11% of the total to just 6%.

Martina Fitzgerald, managing director of Scale Ireland, said in March that the overall picture is “tough” in terms of the total number of female founders and the level of funding they are receiving. “This highlights the need for additional support and training for women to develop their technology business,” she said.

Other issues to be raised at the top of Scale Ireland include sustainability and government initiatives and schemes such as R&D tax credits, investment in employment and employee engagement.

“To ensure that Irish tech start-ups play a significant role in our economic future, we are bringing together key founders, investors and academics who will look into the best possible conditions for start-ups to be successful nationwide,” Fitzgerald said. launch of the summit.

Investigation

Anne Sheehan, CEO of Microsoft Ireland, said that start-ups are the ‘cornerstone’ of the Irish economy and a key driver of the post-pandemic recovery, which is why a clear understanding of the challenges faced by start-ups is crucial. up.

In addition to Microsoft, Scale Ireland’s top management is also supported by Irish venture capital firm Atlantic Bridge, Irish recruiting firm Hadfield Green, Cork Hub and the Republic of Work.

Scale Ireland also launched a investigation in partnership with Microsoft, which will gather the views of Irish start-up founders on key issues affecting the regional industry, including topics such as capital availability, staff recruitment and retention, and tax incentives.

“We look forward to studying the insights from the survey to investigate the right ecosystem and opportunities for start-ups to expand both within the Irish market and beyond Ireland,” added Sheehan.

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