Over €2 million invested in Dublin tech firms by Local Enterprise Office
The Local Enterprise Office for Dublin City have released a report outlining how they have provided over €2 million to tech companies in the capital since it was established in 2014.
The LEO have given financial support to 157 tech businesses - awarding an average of €610,771 to companies every year.
They also say that their support has led 'directly' to the creation of over 240 jobs in tech businesses in Dublin since 2014.
Dave Connolly, Business Advisor at Local Enterprise Office Dublin City, said: “We provide investment and other supports to start-ups and small businesses, with the tech sector accounting for one-quarter of all our clients.
This is the most active sector we work with. So far this year, 53 per cent of all funding we’ve approved has been for tech businesses. These range from medtech start-ups and data analytics firms to e-commerce platforms and lifestyle companies.
“Each year, we help in the region of 40 tech clients. So far this year, we’ve provided €340,000 in funding to 23 tech businesses. The funding and other supports we provide help these businesses to build their staff teams; expand into new markets; and move from early-growth stage to high-potential start-ups.”
You can read the report here
