The state, venture capital and domestic high-tech start-ups in a late-developing economy: Ireland

Frank Barry and Beata Topa

No 200625, Working Papers from School of Economics, University College Dublin

Abstract: Ireland, the “Celtic Tiger” economy of today, had for decades been one of the poorest of the Western European economies. This paper analyses the three-pronged approach of the Irish authorities in promoting successful high-tech start-up firms. An investment climate conducive to the emergence of such firms was first created. Emerging firms were then offered substantial public support in developing their capabilities. Finally, the authorities played a significant role in promoting the emergence of a dynamic venture capital industry. Such interventionist policies would have been highly unlikely to succeed in the absence of strong institutional capacity.

Keywords: Venture capital; High-tech start ups; Ireland; Venture capital--Ireland; High technology industries--Ireland; New business enterprises--Finance (search for similar items in EconPapers)
Date: 2006-12
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Persistent link: https://EconPapers.repec.org/RePEc:ucn:wpaper:200625

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