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December 21, 2013

European Entrepeneurial Activities: Netherlands overtakes Ireland as No 1 for entrepreneurship

Ireland claimed the No 1 spot in the EU-15 countries in terms of the rate of entrepreneurship in 2005, with the Netherlands in ninth place that year. By 2012, however, the two countries swapped rankings.

Entrepreneur Watch: Ireland or the Netherlands: Which country is more entrepreneurial? illustrates the extent to which the Netherlands has overtaken Ireland in terms of business start-ups in the last 10 years.

For starters, the rate of new business start-ups in 2012 was 2.5 times higher in the Netherlands than Ireland, and more people in the Netherlands perceive entrepreneurship to be a desirable career choice while more Irish entrepreneurs report their motivation is that there was "no better alternative".

Other key findings include that while Ireland ranks higher than the Netherlands in terms of ease of doing business and ease of starting a new business, the Dutch policy of reducing rules and regulations, reducing direct interventions targeted at business and diverting savings towards lowering taxes on business have produced an environment that is more business friendly and encouraging of start-ups.

Read more: Netherlands overtakes Ireland as No 1 for entrepreneurship - analysis - Start Ups - Start-Ups | siliconrepublic.com - Ireland's Technology News Service