Scale Ireland State of Startups Survey 2022

Scale Ireland, supported by Microsoft for Startups, Hadfield Green, Republic of Work and Atlantic Bridge, launched a ‘State of Start-ups’ Survey to gauge the sentiment of founders around the country under the headings of economy, employment, taxation, state assistance, gender and climate. 230 start-up founders and CEOs completed the survey, which comprised 26 questions.

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Key Findings

The findings provide valuable information and insights about the challenges facing founders and the sector at this critical time. A summary of the key findings is listed below.

Keeping staff is becoming more difficult for startups

45.4% of respondents said they found it more difficult than last year while 41.5% have lost staff in 2021.

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State incentive schemes are not appealing to startups

74.2% of respondents did not avail of EIIS, 77.7% did not avail of KEEP and 65.9% did not avail of the R&D credit.

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The majority of startups don’t have a sustainability or climate plan

70.7% of startups don’t have a sustainability or climate action plan, with 45.1% citing it as not a priority.

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Marketing and Sales are where most startups identify their skills gaps

Marketing and sales was cited by 48% of startups as an area where they lacked expertise, with only 14.4% saying they felt they didn’t lack expertise in any area.

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Greater visibility of leading female founders will inspire others

53.4% of respondents believe greater visibility of leading female founders will increase the number of female founders, while 35.4% think more mentoring would assist.

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For Irish startups, their top priority is raising capital yet they are finding it difficult

79% of startups found it difficult (57.6%) or extremely difficult (21.4%) to raise capital. Securing funding was cited as the single biggest priority of 47.2% of startup founders/CEOs.

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