Nov 06 2008

Entrepreneurship in an Economic Downturn

Category: EntrepreneurshipTeknovis @ 11:27 pm

Entrepreneurship is something that I have always been interested in, and it is something that is now part of my everyday work! So it is certainly something that I intend writing about here!

I think that Ireland has improved significantly in relation to entrepreneurship, but there is still a huge way to go! We are currently experiencing an economic downturn (as is most of the world), and this is likely to increase the number of start-up companies. Unfortunately, it also makes it more difficult for these start-up companies to receive the necessary initial investment :(

I read an interesting article on TechCrunch today titled Teen Bloggerpreneur Jessica Mah’s $500 Startup: InternshipIN. The article describes how to start a company for $500! Yes – just $500! It seems impossibly small! The start-up company is based on a website called InternshipIN, which is designed to provide a single portal for university students looking for internships. I think the most interesting aspect of this is the spirit in which it is being created, and it certainly will be interesting to see if it succeeds! Jessica Mah’s blog provides more details (and it is a good read).

Closer to home, I read that Pat Phelan (overall winner at this years IIA Net Visionary Awards 2008) is on a panel at a Digital Media Island event. Therefore, he asks the question “How can we foster start-ups and innovation in Ireland today?“, and some of the answers are very interesting!

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One Response to “Entrepreneurship in an Economic Downturn”

  1. Eimhin says:

    Am reading a great book at the moment about tech startups and founders that were involved with them:

    It seems to me that there is much more open market access and venture capital in the US than in Europe. Perhaps having a centralized tech hub, like Silicon Valley, in Europe would make things better for entrepreneurs?