According to a report in the Irish Times , the local market has yet to fully embrace crowdfunding , which it puts down to a lack of regulation in Ireland compared to the “ progressive approach ” of UK governments . Speaking to the Irish Examiner in November 2015, Ms Emmanuel said Ireland had “every element to be one of the strongest crowdfunding markets in Europe”. The report states that this lack of government regulation leaves gaps in consumer protections , preventing the sector from gaining mainstream popularity . A recent report from the Oireachtas ( Irish Legislature ) Jobs , Enterprise , and Innovation Committee recommends the government use legislation to “ set the conditions for SMEs in the creative economy to thrive . "
According to a report in the Irish Times , the local market has yet to fully embrace crowdfunding , which it puts down to a lack of regulation in Ireland compared to the “ progressive approach ” of UK governments . The report states that this lack of government regulation leaves gaps in consumer protections , preventing the sector from gaining mainstream popularity . A recent report from the Oireachtas ( Irish Legislature ) Jobs , Enterprise , and Innovation Committee recommends the government use legislation to “ set the conditions for SMEs in the creative economy to thrive . "