Issue 345 (Week ending 04/10/2017)

Between 1st July and 30th September this year, we have seen the formation of 5,594 new Irish companies - an average of over 60 start-ups per day - an increase of 7.9% on the same period in 2016 (5,185).

Professional services remains the most popular industry for Irish start-ups with 18.5% (1,037) operating in this sector - these companies would typically be associated with Accounting, Admin, Marketing, Engineering, HR, Investigation, Legal Services etc.

The finance and social & personal sectors were the second and third most popular industries for start-ups and accounted for 860 and 602 new companies respectively. Construction and wholesale & retail round out the top 5 most popular industries with 565 and 557 start-ups respectively.

Approximately 47% of Q3-2017 start-ups are based in Dublin a further 10% in Cork. Kildare, Galway and Meath are next on the list and account for just over 12% of new companies between them.

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