Investing Capital in Ireland's Business Economy
In recent years, many companies have chosen to expand into Ireland, citing a young workforce and a tax structure that many US based companies, including Google and IBM, have preferred to many other European locations. But there is also another reason why investors from the US and Europe have looked into Ireland's young workforce, and going a step further, into Ireland's own companies.
With per capita income amongst the highest in the world, many Irish residents have decided to follow up their ideas, and become entrepreneurs - either inventing new ideas or building start-up businesses of their own. However, in order to take it to the next level, many entrepreneurs will still need someone to accompany them on their journey. Friends, associates, and family may be one option, but it is also an option that may come with a personal liability. As a result, many Irish entrepreneurs are looking at alternative options and getting in touch with "angel investors" both within their country and abroad.
The capital we need to get started (such as "seed capital" or "venture capital") is usually hard to generate. The business is not yet established and so cannot be approved for loans. One solution to this dilemma is the angel investment route. This is where entrepreneurs look for business funding courtesy of private investors that can run the business with you, providing the capital that can help start up the business in exchange for partial ownership.
Over the past few years, several angel investor groups have formed in Ireland, looking to maximise the growth within the country. In addition to that, websites like the Irish branch of the Angel Investment Network help connect Irish entrepreneurs with potential investors located around the world. Business partnerships and new start-up companies are evolving on a daily basis, and the Irish Investment Network's database now has over 60,000 members worldwide, and includes hundreds of proposals from Irish entrepreneurs from this year alone.
About the Author:Mike Lebus writes for the Angel Investment Network, who help connect entrepreneurs from Ireland, with potential angel investors located around the world.
Article Source: ArticlesBase.com - Investing Capital in Ireland's Business Economy