Home Limerick Business Nurturing young start-up business is key to Limerick’s economic future

Nurturing young start-up business is key to Limerick’s economic future

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This Wednesday will see the AIB Start-up Academy come to
Limerick to hold the first of a series of Start-up nights. Run in association
with The Irish Times the evening event is designed to help start-up businesses
by facilitating a forum for networking between entrepreneurs and industry
leaders.
Limerick is a city that punches above its weight when it
comes to start-up business. There isn’t a day that goes by where I am not
coming into contact with small, indigenous businesses all of whom are making an
impact in their individual fields.
The last few years has been a difficult period for any
business. To see so many young companies not only survive the downturn but continue
to grow has been a testament to the quality of what we are producing in
Limerick.
Some of the team from young Limerick start-up Blue Chief 
We are very lucky to have strong support structures in place
for start-up businesses. The Nexus Innovation Centre at the University of
Limerick is a well-regarded space that provides shared offices, desk space,
studios and meeting rooms allowing a collaborative community driven start-up
laboratory to generate strong, sustainable Limerick business.
I recently wrote about the success of JP Hartigan’s
Shadowman Sports, a Limerick company that has now signed a three year contract
with the governing body of American Football. Hartigan is just one of the
success stories to come from Nexus in recent years.
Shane McAllister and his team from Modanode
Similarly the New Frontiers programme, based at the Hartnett
centre at LIT, is a national entrepreneur development programme which enables innovative
business ideas to develop and succeed. Companies such as Mobanode, a Limerick-based
web app development company, are currently engaged with the programme. Mobanode’s
existing client base includes the likes of Tourism Ireland, Sky, Nokia,
Paddywagon and the Dublin Web Summit – testament to the quality of their
product.
The Limerick Enterprise Development Partnership has operated
in the city for over 14 years and also provides start-up services all aimed at
delivering its founding principles of employment generation.
Far too often we celebrate the big multinational investment announcements
whilst perhaps forgetting the continuous work being done on the ground in
Limerick to generate employment through small indigenous start-up business. It
is crucial that we provide a platform to these companies to showcase and celebrate
their work. Many have the potential to be the next Stripe, a company now worth
billions created by Limerick’s Collison brothers.
Patrick and John Collison – Limerick’s start-up billionaires 
This is a very exciting time for Limerick on so many levels.
The coming together in recent years of our third level institutions, Shannon
Airport, Foynes Port, Local Authority and Chamber of Commerce – all signatories
of the Limerick Charter – has given us a real sense that we are working towards
a single goal. The 2030 plan is a vision that has quality of delivery as its
primary goal.
2030 seems a long way away. However in the interim we have
the potential not just to drive further inward investment on a multinational scale
but to also embrace our indigenous young start-up community, guiding and helping
them to reach their full potential.

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