F/MS Top Startup Cities

5 min read

Dundalk, Ireland #915

City Scores

City Total Score

0.131

Overall ranking score

Quality Score

0.02

Ecosystem quality rating

Quantity Score

0.01

Ecosystem size rating

Business Score

0.1

Business environment rating

Score Distribution

Score Comparison

MeanCEO Index Click to scroll to details

61

Startup Ecosystem in Dundalk, Ireland 🚀

TL;DR

Dundalk is recognized as the 915th city in the Global F/MS “Best Cities for Startups” Index. With its strategic location between Dublin and Belfast, Dundalk is emerging as a favorable spot for startups, boasting supportive government policies and a growing tech scene.

Startup-Friendly Stuff 📈

1. Ease of Company Registration

  • Business Registration: Simple online registration system available.
  • Startup Incentives: Supports for small businesses and tech startups ensure an encouraging atmosphere.

2. Employment Law 🏢

  • Labor Regulations: Employee rights are well protected, but navigating employment laws can sometimes be complex.
  • Hiring Foreign Talent: Facilitated processes for work permits and hiring skilled professionals from abroad.

3. Taxation 💰

  • Corporate Tax Rate: Competitive corporate tax rate at 12.5%, one of the lowest in Europe.
  • VAT Regulations: Standard VAT rate at 23%, with reduced rates for certain goods and services.

4. Quality of Life 🌆

  • Living Standards: High-quality living conditions paired with affordable housing options compared to major cities.
  • Culture and Leisure: A vibrant local culture with various recreational facilities, parks, and community events.

5. Bureaucracy 🗂️

  • Ease of Navigation: Generally straightforward processes, although some start-up permits can take time.
  • Government Support: Numerous local programs available to assist startups and foster innovation.

6. Visas for Entrepreneurs 🌍

  • Startup Visas & Permits: Clear processes for obtaining business visas tailored for outside entrepreneurs.
  • Residency Options: Opportunities for long-term residency available for qualifying applicants.

Startup Community 🤝

7. Networking Events

  • Regularly held meetups, pitch nights, and workshops aimed at local entrepreneurs.
  • Specific events designed to connect startups with mentors and investors.

8. Subsidies and Funding 💵

  • Access to government grants specifically aimed at tech startups and innovative projects.
  • Presence of incubator programs providing funding assistance.

9. Venture Capital (VC) Presence

  • Investments: Growing interest from VC firms in the Irish startup ecosystem.
  • Major Firms: A mix of local and international investors are increasingly targeting Irish tech startups.

10. Incubators & Accelerators 🚀

  • Availability of various incubator programs focusing on tech, health, and digital services.
  • Resources include office space, mentorship, and connections to funding sources.

Technology & Industry Priorities 🔧

  • Focus Areas: Information Technology, Fintech, E-commerce, and AgriTech.
  • Government Initiatives: Strong backing for sector-specific programs to drive innovation.

Business Culture 🏙️

  • Language: English is the primary business language, making it easy for international entrepreneurs.
  • Work Environment: Collaborative and relational; a nurturing atmosphere fosters innovation and creativity.

General Pros and Cons ⚖️

Pros:

  • Competitive tax rates and business-friendly environment.
  • High quality of life and lower living costs compared to larger cities.
  • An active support network for startups and foreign entrepreneurs.

Cons:

  • Limited immediate access to large venture capital compared to bigger cities.
  • Still evolving startup ecosystem may encounter occasional bureaucratic challenges.

Initiatives for Female Entrepreneurs 👩‍💼

  • Increasing number of programs and events specifically targeting female founders.
  • Opportunities and funding programs focused on women-led startups, promoting diversity.

Dundalk offers a unique advantage for startups looking to establish themselves in a supportive and resourceful environment. 🚀

MeanCEO Index for Dundalk, Ireland 🚀

Dundalk is swiftly gaining recognition as a startup hub, but how does it measure up for female entrepreneurs? Let’s dive into the MeanCEO Index score based on ten important criteria that shape the entrepreneurial landscape.

1. Weather ☀️

  • Score: 5/10
    • Dundalk experiences a temperate maritime climate with moderate rainfall, offering a fair number of cloudy days. While winters are not particularly harsh, the lack of sunny days is a mild drawback.

2. Location 🏖️

  • Score: 3/10
    • While Dundalk is conveniently located between Dublin and Belfast, it doesn’t offer direct beach access or warm swimming waters. The proximity to coastlines is a benefit, but swimming might be more suited for the brave given the Irish waters!

3. Women Friendly 👩‍💼

  • Score: 8/10
    • Ireland has made significant strides in gender equality, promoting initiatives aimed at empowering women. Dundalk reflects a commitment to supporting female entrepreneurs, creating a favorable environment for women in business.

4. Foreigners Friendly 🌍

  • Score: 7/10
    • Dundalk has an open and friendly atmosphere, with a growing community welcoming newcomers, especially in the entrepreneurial space. While connections can be fostered, it may take time to build deeper friendships.

5. English as a Business Language 📚

  • Score: 10/10
    • English is the primary language of business and daily life, making it highly accessible for international entrepreneurs, especially those from English-speaking backgrounds.

6. Delicious Cuisine 🍷

  • Score: 6/10
    • The cuisine is hearty and traditionally Irish, focusing on meat and wholesome vegetables, but it may lean towards heavier options and less variety in spices. Onions do appear often, though local beer is a highlight!

7. Ease of Getting Married and Starting a Family 💍

  • Score: 6/10
    • The local scene offers decent opportunities to meet potential partners; however, the dating pool may be smaller compared to larger cities. Dundalk’s charm adds to its appeal for family-oriented living.

8. Medicine 🏥

  • Score: 6/10
    • Healthcare in Ireland is generally accessible, but wait times can be an issue, particularly for non-emergency services. While quality is good, rapid access may depend on urgency.

9. Ease of Transportation & Traveling 🚍

  • Score: 5/10
    • Dundalk has some public transport options, but they can be limited, particularly for international travel. It lacks a major airport but is within reasonable distance from Dublin Airport for international flights.

10. Startup Mindset 💡

  • Score: 7/10
    • There is a growing attitude towards embracing failure and resilience in the entrepreneurial community. However, as the startup scene is still evolving, there may be some traditional mindsets lingering.

MeanCEO Index Score: 61/100 🎉

Dundalk stands as a promising destination for female entrepreneurs, boasting supportive initiatives and a growing community for startups. While it has its limitations—particularly in terms of climate and some bureaucratic processes—the favorable business environment, affordability, and commitment to gender equality make it an attractive place to start and grow a business.

Cheers to your entrepreneurial journey in Dundalk! 🚀