October, 2011


26
Oct 11

Ulster Bank launches series for SMEs and entrepreneurs on trading internationally

SMEs and entrepreneurs from across the island of Ireland are being invited to think global by Ulster Bank as part of a series of  events starting in November. They’ll hear that trading outside of their home market is easier than many think and even just engaging in cross-border trade can open up significant new opportunities for businesses who have reached full growth in their existing market.

The ‘Business Live’ series features 14 dates across the island of Ireland between November and March 2012. The events, which are free of charge to attend, will centre around an informal panel discussion chaired by entrepreneur Fionan Murray, and will feature the opportunity for questions, networking and the chance to engage one-to-one with experts from Ulster Bank and other organisations, including InterTradeIreland.

On stage will be entrepreneurs who are trading successfully cross-border and internationally to share and discuss their experiences, mistakes and accomplishments with the audience of would-be, emerging and established exporters, importers and cross-border traders.

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26
Oct 11

GIY Ireland Wins €200,000 at Social Entrepreneurs Ireland Awards

Author Roddy Doyle and former director of Amnesty Ireland, Sean Love, have received one of three Social Entrepreneurs Ireland Award worth €200,000 each.

The two men received the honour for Fighting Words, a creative writing centre which runs free creative writing and storytelling workshops for students of all ages to enhance their writing skills.

The centre, which has been running for just over two years, has already hosted more than 26,000 students of all ages in workshops in fiction writing, film-making, song writing and graphic novels.

Michael Kelly of GIY Ireland also received an award for his mission to empower people to grow their own food. There are now approximately 12,000 ‘GIYers’ around the country.

Meanwhile, Niamh Gallagher and Michelle O’Donnell Keating received an award for setting up Women for Election, a non-partisan organisation which wishes to see a balanced participation of women and men in political life in Ireland.

Speaking at tonight’s ceremony, Social Entrepreneurs Ireland chief executive Seán Coughlan called for the creation of a “venture fund” to harness the power of Ireland’s social innovations.

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26
Oct 11

Irish exports up 10pc in August

Ireland’s seasonally adjusted export figures were up 10pc to €7.767bn in August, while imports were up by 6pc to just over €4bn, resulting in a 15pc increase in the trade surplus to almost €3.7bn, according to the CSO.

The CSO said the unadjusted value of exports in August was €7bn, an increase of 5pc over August 2010. The value of imports, meanwhile, was €3.76bn, up 8pc. The trade surplus of €3.251bn in August 2011 was just slightly higher than the 2010 figure.

For the first seven months of the year, the CSO said exports increased by 4pc to more than €54bn compared with the same period last year.

The figures also reveal that the US, Belgium and Britain between them accounted for 52pc of Ireland’s exports between January and July of this year.

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26
Oct 11

Enterprise Ireland funds 15 software start-ups

DEVELOPERS of supports for travel, games, education and hotel bookings are among 15 new firms awarded funding under Enterprise Ireland’s Competitive Start Fund for software start-ups.

Under the terms of the fund, start-ups receive an equity investment of up to €50,000 for a 10% ordinary equity stake. The fund gives critical financial support into early stage companies to explore the market fit for their services and move swiftly to market launch.

Minister for Enterprise Richard Bruton said: “If we are to get out of this crisis, we must work hard to create an indigenous engine of growth. Our industrial policy must not just be aimed at attracting the next Google or Microsoft to Ireland. We must create the next Google or Microsoft here.

“Enterprise Ireland’s Competitive Start Up Fund is one of the instruments that Government uses to encourage and support indigenous companies in innovative and exporting sectors. This crop of 15 companies includes exciting ICT start-ups, and I hope with government support they can expand, create jobs, and contribute to our recovery,” he said.

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26
Oct 11

Payment services provider to create 50 Irish jobs

PAYMENT SERVICES provider Realex Payments is creating 50 jobs in Ireland over the next six months after it won a significant services deal in the UK.

Details have not yet been announced, but the company said the deal would see it providing outsourced services to a financial institution for its retailer’s online payment processing.

Realex’s client base will increase to 10,000 retailers in the coming year as a result, compared to 5,000 currently.

The new roles will be in customer service, product management and IT, and will mainly be based in the company’s office in Monkstown, Dublin.

“Over the last few years, we have invested heavily in expanding our operations throughout Europe – our UK business is now boarding almost 100 retailers a month, we opened in Paris earlier this year and are now live processing into local French banks,” said chief executive Colm Lyon.

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25
Oct 11

Ireland – Minister Jan O’Sullivan welcomes outcome of Enterprise Ireland Trade Mission to Saudi Arabia and Qatar

A number of Irish companies on this week’s Enterprise Ireland trade mission to Saudi Arabia and Qatar, which was led by the Minister of State for Trade and Development, Jan O’Sullivan TD, have announced significant new contracts and business alliances across a range of business sectors. These announcements underpin the ongoing success of Irish companies as they continue to win new business and increase their export footprint in these rapidly growing markets and right across the Gulf region.

The trade mission is part of Enterprise Ireland’s ongoing intensive programme of overseas events to help Irish companies increase their share of fast growing export markets. The mission was assisted by the Department of Foreign Affairs and Trade and by the Irish Embassies in Riyadh and Abu Dhabi. During the mission, Minister O’Sullivan met with the Saudi Minister for Health and with the Qatari Minister for Economy and Finance, and took part in several high level political and business meetings, all aimed at opening doors for Irish companies and paving the way for more Irish exports into these strategically important markets.

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25
Oct 11

79 new jobs for Leitrim medical devices company VistaMed

The investment, which is being supported by the government through Enterprise Ireland, will increase the company’s R&D activities to ensure continued growth in export sales and Irish employment and also expand its manufacturing facilities in Carrick-on-Shannon.

Making the announcement this morning, Minister for Jobs, Enterprise and Innovation Richard Bruton said it is a significant day for the Irish economy. “As I have said before, in order to create the jobs we so badly need we must not only deliver high levels of multinational investment, but also create an indigenous engine of growth by driving a step-change in the performance of our domestic exporters. Indigenous exports provide three times more benefit to the Irish economy than multinational exports. See More Details………

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25
Oct 11

US hedge fund administrator to create 300 jobs in Dublin

IDA Ireland will today announce the creation of about 300 jobs with a leading overseas financial services group, writes CIARÁN HANCOCK .

It is understood that a US hedge fund administrator will unveil plans to create the jobs at its operation in Dublin. The announcement will be made by Minister for Jobs, Enterprise and Innovation Richard Bruton.

The company has been established in Ireland for about three years and currently employs more than 200 staff here. It has been recruiting aggressively in Ireland over the past 12 months and now plans to ramp up its hiring here. See More Detail………..

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25
Oct 11

Openet founders win entrepreneur award

The founders of software firm Openet – Joe Hogan and Niall Norton – were last night named Ernst and Young Entrepreneurs of the Year.

Openet was formed in Dublin city centre in 1999, with only two people but has grown into a global team of 830 people. The company provides software to communication and media service providers all over the world.

Over the last three years it has grown revenues substantially. It reported revenues of €31m in 2008, €46m in 2009 and €75.5m in 2010. It is targeting growth of €100m for 2011. It has offices in the US, Malaysia and Brazil and also recently announced plans to expand its presence in Canada and Mexico. See More Detail………..

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13
Oct 11

Entrepreneurs and investors urged to ‘kick start’ economic growth in the Midlands

ALMOST 100 investors and entrepreneurs attended Midlands Gateway Chamber’s launch of the Lir Investors business angel network in the Mullingar Park Hotel last Monday night.

Attendees on the night heard from Ray Byrne, the President of the Midlands Gateway Chamber, who spoke about the importance of supporting businesses in the Midlands and in particular, the newly formed Lir Investors.

Mullingar Ironman Gerry Duffy gave an inspiring talk about how business people can achieve personal and business goals by performing to an outstanding standard and by harnessing the power of positive thinking. Diane Roberts, national director of the Halo Business Angels Network (HBAN), spoke about the work HBAN do with six angel networks around the country and about the support the organisation can offer to investors and entrepreneurs.

Andrew Dunne from Kidspotter told of his experience in getting funding from a business angel network and how it enabled him to grow his business and export worldwide. Andrew stated that angel networks are the best form of funding available to businesses in Ireland today. See More Detail……

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