The recent win by the NUI Galway MBA in conjunction with the University’s BioInnovate programme in the MBA World Trophy is a very big deal. Other institutions in the running included some of the best schools in the world, such as INSEAD France, UCD Smurfit, NYU Stern and Columbia. It proves that entrepreneurial talent is alive and well here and the team will no doubt continue to achieve in their chosen field.
However, the life of the entrepreneur is difficult and, in order to create desperately needed jobs, it is vital that the Government recognises this and put whatever supports that are needed into place. With this in mind, the Chamber movement through our national umbrella group, Chambers Ireland, has made a submission to the Department of Jobs, Enterprise and Innovation to its proposed ‘A National Entrepreneurship Policy Statement for Ireland’.
The Chamber submission is in the context of a recent Global Entrepreneurship Monitor report ‘Entrepreneurship in Ireland’, which finds that: few people see entrepreneurial opportunities; there are continuing low levels of those aspiring to be an entrepreneur; and the relative rate of early stage entrepreneurs continues to decline.
The Chamber submission is based on research carried out among the Chamber network countrywide and addresses the five themes raised in the consultation:
· Current support systems;
· Information availability and accessing information;
· Business environment;
· Learning from others/networking;
· Promoting entrepreneurship.
The submission asks that the following nine points be included in the National Entrepreneurship Policy Statement for Ireland:
1. A commitment to restore consumer confidence and domestic demand in the Irish economy. Without this, people with entrepreneurial spirit and innovative ideas will remain unwilling to take the risks involved in starting a new business.
2. Government should promote a rationalized and joined-up approach to support for entrepreneurs.
3. Local authorities and national Government must be encouraged to join with Chambers to facilitate the dissemination of information and provision of expert knowledge.
4. Entrepreneurial activity should be encouraged by improving the business environment for micro, small and medium-sized enterprises.
5. The Government’s guidelines on insolvency must guarantee that individuals who have previously failed in business, but have credible new ideas, are not prohibited from taking further risks.
6. We call on the Government to recognize the work done by business support organizations in the areas of business networking and mentoring. Support and funding should be provided to allow them to continue this work.
7. We encourage the government to promote and encourage the European Network of Mentors for Women Entrepreneurs.
8. We call on the Government to establish a Youth Entrepreneurship Fund.
9. The policy statement must encourage a focused and coordinated approach to the teaching and development of entrepreneurship through secondary and third-level education.
The Galway Chamber Business After Hours Networking event for June will take place in the premises of H&A Marketing and PR in the Oranmore Business Park, Oranmore on Thursday 27 June at 6pm. The ‘social media themed’ event is free to attend to Chamber members and guests. RSVP Elaine on 091-563536 or email Elaine@galwaychamber.com.