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Fri 10 Oct 2008Technology start-ups face funding shortfall
NET RESULTS:Ireland's tech industry seems to be vibrant, but entrepreneurs claim there is a funding crisis, writes John Collins
ON THE face of it, Ireland has a vibrant technology industry. Speaking at a recent event in London, Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan said that software now accounts for almost €12 billion in Irish exports which are generated by 800 Irish and international firms. Strip out the multinationals and the indigenous contribution is still €2 billion, a massive improvement on 10 years ago when the figure was less than €100 million.
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