Government Agencies


27
Mar 14

A €200,000 fund to help Cork entrepreneurs turn their bright ideas into businesses will be announced today.

The new Enterprise Ireland-run Cork Feasibility Fund could see entrepreneurs in the region getting up to €25,000 towards the cost of a feasibility study to validate their start-up ideas.

Minister for Research and Innovation, Seán Sherlock, who will open the fund to applications this morning, said the ultimate aim of the package is to boost start-ups and stimulate growth and job creation in the city and county.

“Cork has a strong entrepreneurship culture,” the minister said.

“This fund is aimed at helping people who have a bright idea for an international business that can grow and provide valuable jobs in the Cork region.

“I am confident that there is a wealth of creative and capable potential entrepreneurs in the county that have a business idea they’d like to put to the test.”

The application process will be competitive and its particular focus will be on supporting innovative, growth-oriented businesses with the potential to move into export markets.

Enda McDonnell, Enterprise Ireland’s Director for the South/South East Region, urged budding entrepreneurs to apply to the fund.

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27
Feb 14

Three ‘New Frontiers’ Companies to Pitch for €10k prize in March

Three 'New Frontiers' companies to pitch for €10k prize in March  Pictured with Ronan Murphy, senior partner, PwC are Tim Schmidt, Simply Connected; Tony Staunton, Propertygate and Kevin Ryan, Pura Light Tony Staunton of Propertygate, Kevin Ryan of Pura Light and Tim Schmidt of Simply Connected are to compete for the title of ‘Best investment proposal 2014’ and a €10,000 prize at the Docklands Innovation Park Enterprise Awards.

All participants on the Enterprise Ireland-funded Dublin Institute of Technology (DIT) Hothouse New Frontiers programme (past or present), the finalists will pitch their investment proposals and be questioned by a panel of judges on their business plans on 6 March.

Founded in 2012 and headquartered in Dublin, Propertygate is designed for large-scale asset managers who require a single platform to provide instant transparency of their portfolio. In July 2013, the company won the NDRC’s Swequity programme and Launchpad V11 with an investment prize of €30,000.

Staunton has a degree in computer science from DIT Bolton St. Before setting up Propertygate, he worked for a number of successful Irish technology companies including Taxback.com and HostelWorld.com.

Pura Light has developed a product utilising proven technology to combat the growing global issue of hospital acquired infections.

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22
Feb 14

Small is Beautiful for the IDA as Focus Shifts to Growing Start-ups

From left: The IDA’s Barry O’Leary; Patrick Moran from New Relic; and Jobs Minister Richard Bruton. Photo: Maxwell PhotographyTHE Government is branching out from targeting massive multinationals in its bid for investment into Ireland – its plan of attack now targets young, small foreign businesses too.

DA Ireland is increasingly working with foreign start-ups who are considering opening their first overseas offices, Jobs Minister Richard Bruton said yesterday.

“It’s been a very successful add-on to what IDA traditionally built its strong reputation on, which was winning big iconic names,” he said. “Now we’re seeing new companies picking Ireland to use as a base for internationalising their business.”

Mr Bruton was speaking at the announcement of 132 jobs by five different IDA-supported companies. All five are relatively small and young in comparison to traditional IDA targets, which include global giants like Facebook and Pfizer.

“The thinking behind the drive is that these companies will establish deep roots here from early in their growth, and make a substantial impact on the economy,” he said.

Mr Bruton denied that their decision had been motivated by Ireland’s low corporation tax base. “They are here for the talent,” he said.

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29
Jan 14

Enterprise Ireland launches online networking platform for female-led businesses

Enterprise Ireland (EI)A peer-to-peer online networking platform for female-led companies was launched today by Enterprise Ireland. The agency also announced today that it will invest €600,000 in 12 female-led businesses as part of the Competitive Start Fund for Female Entrepreneurs.

The aim of the online initiative is to support female entrepreneurs by enabling greater communication and connectivity between the growing number of female entrepreneurs supported by Department of Jobs, Enterprise and Innovation through Enterprise Ireland.

“A key part of the Government’s Action Plan for Jobs is encouraging more businesses to start-up, grow, and create jobs,” said Minister of State for Small Business John Perry TD, who made the announcements this morning. “Making sure that we have an increase in the number of female-led start-ups is part of that strategy.

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10
Jan 14

New Call for Applications for Enterprise Ireland’s Competitive Start Fund

New call for applications for Enterprise Ireland’s Competitive Start FundEnterprise Ireland has issued a new call for applications to the Competitive Start Fund, with an emphasis on companies in areas like internet, games, apps, cloud, enterprise software, life sciences, food, consumer, medical devices and e-health.

The Competitive Start Fund is aimed at companies that aspire to be a high-potential start-up (HPSU) and who are active in areas like manufacturing and internationally traded services.

Selected companies will receive an investment of €50,000 for a 10pc ordinary ordinary equity stake.

The investment will be released in two equal tranches.

The start-up will be required to secure additional equity investment of around €5,000 from founders or external investees.

To qualify, companies will need to be registered and based in Ireland with all intellectual property residing in the Irish entity and must not have received equity funding of €100,000 prior to the company’s inception.

Annual revenues must not exceed €60,000 in the current financial year and the company must be less than six years old.

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12
Dec 13

€1.25bn Research Funding Targeted

Horizon 2020 has been called Ireland’s billion-euro opportunity.

More than 2,000 scientists and researchers have attended the Irish launch of the EU’s seven-year scientific research and innovation fund.

European Commissioner for Research, Innovation and Science, Máire Geoghegan-Quinn said the total €79bn in funding was part of the EU’s plan to get people back to work by supporting jobs.

“First and foremost, Horizon 2020 will be good for Europe’s citizens. With its focus on delivering both economic and societal impacts, Horizon 2020 will tackle the issues that matter most to people: Stimulating growth and competitiveness, creating new and better jobs; and finding answers to our biggest societal challenges,” she said.

Ibec welcomed the announcement, saying the funding would help all businesses.

Its innovation executive, Aidan Sweeney, said companies need to be aggressive in going after the funding.

“Horizon 2020 is the largest EU research and development funding programme yet, with a 30% increase on the previous initiative. Ireland needs to take full advantage ofthe opportunities that this programme presents,” he said.

“We welcome the ambitious national target for securing funding of €1.25bn from this programme. We now need to ensure that the high level of engagement that the programme seeks to encourage by companies, particularly SMEs, is quickly realised and developed over its lifetime.”

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5
Aug 13

Enterprise Ireland launches New Accelerator Programme.

Enterprise Ireland is to host a new accelerator programme, JumpStart, to run in conjunction with its Competitive Start Fund call this month.

The Competitive Start Fund is in its 12th call for applicants since launch in January 201. Some 170 businesses have received €50,000 in return for a 10 per cent ordinary equity stake. The fund helps start-up companies expand into overseas markets.

John O’Dea, department manager of high potential start-ups at Enterprise Ireland, says most applicants tend to be operating in the digital, software and software services sectors. Eventmama and Clubapp
Louise Caldwell of Eventmama and Barry Nestor of Clubapp are two of the 15 latest recipients of the grant.
Eventmama is an online marketplace for event organisers to source and book venues, catering suppliers and entertainers for corporate events. The site is aimed at corporate employees who are tasked with organising functions .

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10
Jul 13

Taoiseach to Turn Sod on Kerry Group’s New Naas Plant.

 Group Photo Shane O'Neill.

At the announcement today were Frank Ryan, CEO Enterprise Ireland, An Taoiseach Enda Kenny TD, Tanaiste Eamon Gilmore TD and Stan McCarthy, CEO Kerry.

Kerry Group today Tuesday 9 October, 2012 announced the establishment of an industry-leading global technology and innovation centre in Ireland. The €100m investment, which will create 800 jobs, as well as 400 immediate construction jobs, will be part-funded by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland.  The new flagship global technology and customer innovation centre, located on a 28 acre site in the Millennium Business Park, Naas will serve as a key focal point for Kerry’s customer engagement activities providing strategic customers with access to the Group’s complete breadth and depth of technologies, scientific research, innovation and applications expertise across food, beverage and pharmaceutical markets. The Department of Agriculture, Food and the Marine has also had a central involvement in supporting this investment.

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2
Jul 13

Over-50s encouraged to set up businesses.

From left: Richard Graham Leigh of Regale Biscuit Company, Hugh Reilly of County and City Enterprise Boards, Micheál McKeon of ifindparts.com, Breda Fox of County and City Enterprise Boards, Carol Gilbert of Made in West Cork and Robert Tormey of Lisduff Traditional Fine Foods. Photograph: Leon FarrellNearly a third of developed economies’ populations will be 50 or older by 202.

The latest figures from the Central Statistics Office reveal 2,200 individuals set up new businesses in Ireland every month. However, despite having an ageing population, just 16 per cent of that total is aged over 50.

Enterprise by people aged over 50 is a key emerging sector in Ireland because by 2050 nearly a third of developed economies’ populations will be aged 50 and over.

Transferable skills
A two-day residential workshop is being held in Athlone today and tomorrow, aimed at helping the over 50s develop a business from the initial idea to launch, marketing, sales and success.

Organised by the County and City Enterprise Boards, the workshop aims to encourage more over 50s to start their own business, especially if they have taken early retirement or been made redundant.

Many people in this age category who consider starting their own business must realise that they have achieved transferable skills during their working lives which are essential for entrepreneurs, said Hugh Reilly of the County and City Enterprise Boards.

“People who have taken early retirement or redundancy will often have enough capital for a strong start-up.

“These workshops will provide essential information, from setting up their business to developing a marketing plan, running a successful company and formulating an exit strategy.”

Keynote speakers include Aidan McCormack of McCormack Training and Consultancy, Justine Negri, founder of Sole Careers, and Denis Coen, Elite Mindsets mind coach.

Other successful entrepreneurs aged 50 and over will share their own experiences and give advice about getting started in business.

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10
Jun 13

Alberta offers ‘significant opportunities’ for Irish companies.

Minister of State Joe Costello said the Canadian oil and gas industry offers Irish companies ‘compelling growth opportunities’ for Irish companies. Photograph: Dara Mac Dónaill/The Irish Times

Minister of State Joe Costello said the Canadian oil and gas industry offers Irish companies ‘compelling growth opportunities’ for Irish companies. Photograph: Dara Mac Dónaill/The Irish Times

Fifteen Irish companies in the engineering, construction, technology and recruitment sectors will take part in the Enterprise Ireland trip to Alberta, supported by the Department of Foreign Affairs and the Embassy of Ireland to Canada.

Canada has the third largest known oil reserves in the world and is currently the sixth largest global oil producer. It is expected to produce over five million barrels of oil per day by 2022.

To achieve these numbers over the next 10 years, owners will be investing significantly in capital projects, which “presents compelling growth opportunities for Irish companies who can provide a solutions-based approach to an area of need”, Mr Costello said.

“This trade mission is about helping Irish companies tap into this potential by building on existing trade links and opening new doors for collaborative business ventures.”

During the trip to Calgary and Edmonton, the Minister will hold a series of meetings with ministers of the Alberta government and senior officials on trade and economic cooperation, as well as business meetings with Irish companies and their Canadian partners and customers.

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