Enterprise Ireland is making a huge bet on an industry fraught with risk and high failure rates but there is little doubt the government believes the rewards could be significant if the start-up ecosystem can become a vibrant, self-sustaining sector and, in the process, produce successful entrepreneurs that go on to start and finance more companies.

FORBES: How Entrepreneurs Can Save Ireland

Northern Ireland Enterprise Minister Arlene Foster said she had been informed of the job losses earlier this week.

BBC: FG Wilson: 760 jobs to go in Northern Ireland

The ministers will be joined by the Northern Ireland Enterprise Minister Arlene Foster and the Agriculture Minister Michelle O'Neill following their respective visits to Shanghai and Beijing for business and agricultural meetings.

BBC: Northern Ireland ministers leave on China mission