Investing where the startups are rather than where they aren’t

Desert

EI is doling out another pot of money to the South East. Now I am a big fan of EI. I think they are the best agency of their type in the world, bar none. But this regional development plan is a dissipation of scare resources. It also makes no sense for startup policy in Ireland.

Here’s how it plays out. Money is ring fenced for the South East. Now instead of competing against all the startups in Ireland the South East is competing against itself. If you expect to win a grant based on your ability to export and you can’t beat out the local competition in Ireland, how in the wide world of sports are you going to compete on a global stage?

It would make much more sense to widen the global pot for Ireland and make the South East stand up and be counted.

I know for  fact that they have the talent to do so.