Seed and Venture Capital are becoming more frequent sources of investment in the Irish market, providing capital for new businesses and entrepreneurs that would not be able to obtain loans for instance. Over the past few years, more and more angel investments have been made in Ireland, and the global credit crunch of late 2008 is likely to increase the demand for angel investors.
Tax incentives in Ireland have kept venture capital flowing into Ireland's market, and even though some investors exited their investment strategies in 2006, 2007 was a top year for both raising and investing business funds. Press coverage and recognition has continued into 2008, with government based companies such as Enterprise Ireland setting up offices in locations such as New York City to help Irish businesses expand into the US.
With local taxes favouring new businesses, the market is ripe for both investors and entrepreneurs looking to start or expand a business.