A comparison of early stage state supports for the indigenous tech sector in Ireland and Northern Ireland' with Minister Jack Chambers

The Minister for Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation, Jack Chambers today launched a new report, 'A comparison of early stage state supports for the indigenous tech sector in Ireland and Northern Ireland' which was conducted by Scale Ireland and QUBIS, and commissioned by InterTradeIreland.

Supporting the Irish tech sector

The report, which was conducted over the last year, provides an in-depth and comprehensive comparative analysis of the state financial supports available for supporting early stage tech start-ups in Ireland and Northern Ireland. It also contains several proposals on enhancing collaboration between Ireland and Northern Ireland and their indigenous tech ecosystems.

Some of the Key Proposals

To further support the development of a more integrated all-island ecosystem, the state agencies should initiate a forum with stakeholders from Ireland and Northern Ireland on an annual or twice yearly basis.

A joint funding initiative for companies in Ireland and Northern Ireland under the Shared Island initiative should also be explored. A Department for the Economy-led study could consider exploring joint funding mechanisms, such as a cross-border tech seed fund that leverages incentives to stimulate investment in high-growth sectors, strengthen regional economic clusters, and support sustainable, knowledge-driven business growth across Northern Ireland and Ireland.

Launch and fund an initiative to gather more specific data to assess the state and impact of both indigenous tech ecosystems and how they compare and interact. The Programme for Government in Ireland contains a

commitment to commission a statistical series of comparative data. The all-island ecosystem might be a suitable subject for consideration in this regard, potentially providing the basis for this further study

The CEO of Scale Ireland, Martina Fitzgerald said 'This report presents a strong vision for enhanced collaboration between the indigenous tech sectors in Ireland and Northern Ireland. It is very clear there are opportunities for further joint funding initiatives and data collection and this can be progressed by the setting up of a Stakeholder Forum bringing together key agencies and organisations'.

The Chair of Scale Ireland,Brian Caulfieldsaid 'This report provides valuable, in-depth insights into early stage state supports and funding in Ireland and Northern Ireland. It highlights shared challenges and opportunities in relation to funding. It will be of great value to founders and will, hopefully, encourage increased policy coordination'.

Rachael Corridan, Programme Manager, InterTradeIreland said 'The Comparison of Early-Stage State Supports for the Indigenous Tech Sector in Ireland and Northern Ireland report highlights the importance of cross-border collaboration in addressing shared challenges and unlocking growth opportunities. InterTradeIreland is proud to support this project, and the work of Scale Ireland and QUBIS through our Synergy programme'.

Prof Brian McCaul, CEO, Qubis, "This report highlights how Ireland and Northern Ireland have complementary tech ecosystems with real potential to achieve more through closer collaboration. By strengthening all-island cooperation we can improve access to funding, talent and international markets and build a more competitive innovation ecosystem"

Scale Ireland is the independent not-for-profit representative organisation for Irish tech start-up and scaling companies. Founded in late 2019, Scale Ireland has over 820 members of all stages, sizes and sectors in the tech start-up community. Its key mission is to make Ireland a leading location for innovation and entrepreneurship. Scale Ireland is now the largest representative organisation for the indigenous tech sector.

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