The NDRC, which builds and invests in early stage digital and technology startups, recently commissioned research – with support from Bank of Ireland – that shows that the uncertainty surrounding Brexit is far from a problem for many entrepreneurs.
A study into NDRC’s portfolio of companies shows that one-in-three startups are eyeing UK expansion in the next five years, with similar hopes for Australia and New Zealand as Ireland-based startups ramp up their business activities. Unsurprisingly, both the UK and US are cited as important markets for Irish digital entrepreneurs looking to scale, with current operations in the US very significant.
Challenges are plentiful when in the earliest stages of building a business, but education is no such obstacle, with nine-in-ten founders having achieved third-level education.
Interestingly, almost one-third of entrepreneurs have no formal education in business or technology areas, with just 39 per cent having a background in computing, according to the research.