Ireland announces initiative to support returning emigrants to start business

DUBLIN, Oct. 11 (Xinhua) -- Ireland on Wednesday launched a new initiative to support entrepreneurial activity among emigrants returning or recently returned to live in the country.

Ciaran Cannon, minister of state for the diaspora and international development, said the "Back for Business" initiative, running from November 2017 to May 2018, is fully funded by the Department of Foreign Affairs and Trade.

The six month part time development program is aimed at assisting returning emigrants to start or develop businesses by addressing the challenges that all early stage entrepreneurs face, with a particular focus on the additional barriers and challenges faced by those who have been out of the country for some time, according to the Irish government.

The initiative is based on peer support and an applied learning model, Cannon said.

It involves entrepreneurs supporting entrepreneurs meeting in round table sessions, focused on goals and milestones and facilitated by volunteer lead entrepreneurs, who have experience of successfully starting and growing a business, he said.

This approach is well proven as being effective in bringing about increased motivation and confidence among entrepreneurs and having a positive impact on their enterprise development, he added.

Traditionally, Ireland has been a land of mass emigration. Thanks to the growing job opportunities in recent years, the number of Irish emigrants returning to live in the country from abroad has jumped rapidly.

Official figures showed about 30,000 Irish nationals moved back to live in the country last year.

[ Editor: meng ]


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