You know the Irish Economy is hurting when …

You know the Irish Economy is hurting when Sainsbury’s Supermarket in Newry (in Northern Ireland) has to close it’s doors at 7.30pm on a Saturday due to too many shoppers from the south trying to get in.

For those of you that don’t understand the above line: It’s unusual for an island as small as Ireland to be blessed / cursed with an international border running through the middle. Bad for politics , good for shoppers as it’s much cheaper to travel from the southern part (in the Euro zone) to the northern bit (where they use Sterling) to save up to half on your weekly grocery bill.

Travel to Sainsbury’s supermarket in Newry on the last Saturday before Christmas and you’ll see something just short of a riot as southern punters fight over the last bottle of (cheap) beer. But they’ve never closed the door due to too many people before – which is what happened last Saturday evening. Even more unusual in that June / July are normally very quiet months for shopping in the North.

Now discuss (in less than 100 words): Did this happen because …

  1. Irish people are fed up with rip off prices in Dublin and are finally voting with their feet?
  2. There’s a lot of hidden pain out there – people with no money but desperate to ‘keep up appearances’?
  3. Both of the above

Anybody up for Seedcamp Ireland (Dublin | Belfast | Newry | Dundalk)?

At a recent OpenCoffee Dublin event Brian Cleland of InterTrade Ireland mooted the idea of a Seedcamp Ireland. He’d love to see it be held in Newry or Dundalk (as cross-border networking is really his thing), but is realistic enough to consider other locations.

Seedcamp logo

To quote the main Seedcamp website:

Seedcamp is where Europe’s top young founders can come together in one place.

From securing funding to developing the right network, young entrepreneurs in Europe face challenges in building globally competitive technology businesses. Through the provision of seed capital and a world class network of mentors, we want to provide a catalyst for Europe’s next generation of entrepreneurs.

We might need to use a different name, but would you be interested in an informal meetup of startups and investors? Given the turn in the property market, would investors be ooking to put their money into the startup technology sector? Where would you like to see it held?