NI technology sector ‘thriving’ despite pandemic

Technology leaders in Northern Ireland believe there is a “huge opportunity” fort he development of the industry as it emerges from the pandemic.

New share investment in companies based in Northern Ireland was more than £100m in 2021.  This compares with £5m of venture capital investment in 2014, and just over £44m in 2020.

According to Catalyst, despite the challenges of the past two years, the tech industry is “thriving”.

“There is a number of ways innovation can change, and disruption and global events can actually drive innovation,” Adrian Johnston, Catalyst director of strategic business development said.

“What you have seen is that the digital and technology sector has responded with agility to that need.

“We are seeing that the technologies have continued to thrive and grow.

“We have seen that within the companies that Catalyst support, we have 155 companies across three hubs in Northern Ireland, ranging from scale-ups and start-ups to FDI (Foreign Direct Investment).”

Catalyst is an “independent, not-for-profit” organisation with technology hubs in Belfast, Ballymena and Londonderry, supporting innovators and entrepreneurs.

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