September, 2013


29
Sep 13

Budget Help On The Way to Encourage Start-ups

Michael Noonan: future  Colm Kelpie Belfast FINANCE Minister Michael Noonan signalled new Budget measures to encourage business start-ups as he warned Ireland has fewer young entrepreneurs than our main European competitors.

Addressing the Confederation of British Industry annual lunch in Belfast, Mr Noonan said young people here saw their future as employees rather than employers.

In a hard-hitting speech, he told Northern Ireland business chiefs that young people must be encouraged to start their own business.

“There’s one problem with the way we’ve raised our young people,” Mr Noonan said.

“They see their future all the time as employees and we need to get our talented young people to see their future as people who will found their own businesses.

“The whole entrepreneur issue . . . must be addressed in Ireland and I intend to address it in our part of the country in the next Budget.”

Mr Noonan said the number of young entrepreneurs on the island was significantly lower than the number in any of the main European countries.

In a wide-ranging speech, Mr Noonan also said that he supported the North’s campaign for a cut in its corporation tax rate.

“We fully support your application for a 12pc corporation tax rate and we have informed our friends in London of this,” he said.

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28
Sep 13

Pension Funds Called on to Invest €500m in Irish Tech Firms

If just one in three pension funds invested 2pc of their capital in the Irish economy that would represent an injection of €500m in Irish SMEs, the Irish Venrture Capital Association said, urging the funds to put this investment into technology companies via venture capital companies.

The chairman of the Irish Venture Capital Association (IVCA) Mark Horgan said the €500m investment would enable Irish entrepreneurs to build their companies over a longer period and so increase valuation for investors.

He said the opportunities for exit were greater than ever.

Horgan pointed to the fact that US tier-one multinationals have billions of dollars offshore which they are unable to repatriate without incurring tax liabilities.

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28
Sep 13

Irish Global Economic Forum to Meet Again Next Week

BOSSES of small businesses will be mentored by renowned entrepreneurs when the Global Irish Economic Forum gets together again next week.

The biennial event will see well connected figures like Coca-Cola executive vice-president Irial Finan, Glen Dimplex chief executive Sean O’Driscoll, American Ireland Fund chairman Loretta Brennan Glucksman, comedian Dara O Briain and author Colum McCann meet in Dublin Castle over two days.

A key plank of this year’s events, some of which are being held in Cork, Galway and Belfast, will be to bring in 100 small and medium sized companies to advise them how to expand.

The aim is to help them grow their businesses internationally by explaining access to markets, online skills, exports and digital technology.

Other areas being explored at the think-in will be the success of the Gathering and how to build on it, relations with the US and UK and how sport can be used to promote Ireland.

Eamon Gilmore, Tanaiste and Minister for Foreign Affairs and Trade, made the announcement at an event for Irish and US financial services technology companies in New York.

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27
Sep 13

Von Bismark raises €350k to Revolutionise the High Street

Dublin tech start-up Von Bismark raises €350k to revolutionise the high streetDublin-based tech start-up Von Bismark has announced the next phase of its plans to create an e-commerce platform for the high street with a €350,000 investment from private investors and Enterprise Ireland.

Founded in late 2011 Von Bismark came through NDRC’s Launchpad 4 programme and released its first commercial product – the VB Wardrobe – in 2013. The VB Wardrobe uses live motion capture and allows consumers to control the interface from a number of metres away using only their hands.

Utilising augmented reality users can then try on virtual outfits, take pictures and share content within seconds. To date it has been used as a marketing and sales tool for retailers and advertisers with over 200,000 people in Ireland having used it since launch.

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26
Sep 13

200 National Pen Jobs for Dundalk

At the Jobs Announcement at National  Pen  Peter Kelly  National Pen Richard Bruton  MInister for Jobs Enterprise and  Innovation  An Taoiseach Enda Kenny TD

Dundalk is to get 200 jobs over the next five years.

This expansion will bring National Pen’s permanent workforce to 459 by the end of 2017.

The announcement was made at the global headquarters of National Pen at the Xerox Technology Park last Friday by Taoiseach Enda Kenny.

National Pen in Dundalk produces branded stationery promotional products and exports to 19 countries.

 

These new jobs will be created across the company in its sales, customer services, manufacturing, technical and administrative functions.

Making the announcement Taoiseach Enda Kenny TD said the creation of 200 new jobs at National Pen is fantastic news for Dundalk and the surrounding area and it demonstrates the company’s commitment to Ireland.

“National Pen are a key export company and announcements like this are a significant signal of Ireland’s strengths as a location for investment,” Mr Kenny said.

“The Government, through our Action Plan for Jobs, will continue to prioritise measures which will build on the 3,000 new jobs being created by the private sector every month.”

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26
Sep 13

55 New Jobs for North Dublin with Arrival of New Heatons Store

Retail chain Heatons will create 55 jobs when it opens its new Coolock store in Dublin’s Northside Shopping Centre in November. The new shop will have a dedicated SportsWorld floor and will also sell fashion, homewares, textiles and toys.

 

“Heatons has been around for a long time and I am very pleased that their latest store is opening in Coolock. The new jobs are to be welcomed and I hope the new store will attract much footfall from members of the local community,” said Local TD Sean Kenny.

 

Established 65 years ago, Heatons has become one of Ireland’s largest group of department stores, currently with 52 stores around Ireland, North and South. It employs more than 2,00 people across the country.

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26
Sep 13

Forty Jobs Created by new Nando’s Restaurant in Dun Laoghaire

http://insideireland.ie/wp-content/uploads/2011/08/Nandos1.jpgForty jobs have been created with the opening of a new Nando’s outlet in Dun Laoghaire on Wednesday, 25th September. The new restaurant is 4,200sqm in size and can host 130 diners, with an additional 48 seats available outdoors.

Nando’s say they are ‘the home of the legendary Portuguese flame-grilled PERi-PERi chicken’.
(PIC:© Copyright Sebastian Ballard and licensed for reuse under this Creative Commons Licence)

The restaurant, which is situated on Marine Road, has created 40 jobs and brings the number of people Nando’s employs across its 10 restaurants in Ireland to 260. The 40 new positions are for full and part-time positions including cashiers and grillers.

Alan Snyman from Nando’s said:

“We’re delighted to announce the growth of our Irish team with the 40 new positions created at Dun Laoghaire. It’s always easy to make hires in Ireland as the natural energy and enthusiasm of the Irish people makes them a great fit for the Nando’s team.”

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26
Sep 13

NDRC Receives €17.5m further State investment – 50 New Jobs.

NDRC receives €17.5m further State investment – 50 new jobs on the way this yearIreland’s National Digital Research Centre (NDRC) is to receive a new investment of €17.5m from the Department of Communications.

The research and start-up accelerator is credited with enabling start-ups to create 250 jobs in the last five years and at least another 50 jobs will be added by the end of this year.

Minister for Communications, Energy and Natural Resources Pat Rabbitte, TD, announced this latest investment this morning upon the publication of the NDRC’s annual report.

The report details that the market capital value of ventures emerging from NDRC increased by more than 100pc in 2012. It is projected to reach €91m by the end of this year.

The report reveals cumulative follow-on investment for NDRC spin-outs trebled in just one year, from €5.7m in 2011 to a total of €16m by end of 2012.

Projecting to the end of 2013, cumulative follow-on investment is expected to at least double again to reach a total of €32m.

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26
Sep 13

Irish inventors Pitch 21 ‘Big Ideas’ to Investors

Minister of State at Dept of Enterprise, Jobs and Innovation Sean Sherlock. Photograph: Alan Betson / THE IRISH TIMES

Biodegradable chewing gum among inventions at Enterprise Ireland’s Big Ideas showcase.

Non-stick biodegradable chewing gum, “smart paint” and a natural clean-up solution for toxic dumps are among 21 potentially marketable inventions being pitched at investors at Enterprise Ireland’s Big Ideas showcase.

The event, which opened this morning at the Aviva Stadium in Dublin, allows 21 inventors pitch their new technologies to an audience of potential investors.

The aim is to connect the inventors with the right investors to establish new companies and, ultimately, create high-value jobs.

The inventors are researchers from Irish Higher Education Institutes (HEIs) who have used public-funding to develop innovative technologies.

Among the other innovations is a movement analysis tool for athletes.

There were also treatments for high-blood pressure, a beefed-up data security system for documents stored in the cloud, and an “effortless” clothes hanger.

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26
Sep 13

€500k Investment for new photo and video-discovery app Tapastreet

Johnson is now chief operating officer (COO), Mitchell is CEO and Tunney is chief marketing officer at Tapastreet.Tapastreet, an early-stage photo and video-discovery app targeted at helping people crowdsource multimedia while social networking has secured an investment worth €500,000 via the Bank of Ireland Seed and Early Stage Equity Fund and Enterprise Ireland.

Ex-Googler Dave Johnson, ex-Intel engineer Joe Mitchell and Kathryn Tunney, one of the original angel investors in Tapastreet, established the Dublin-based start-up last year.

Johnson is now chief operating officer (COO), Mitchell is CEO and Tunney is chief marketing officer at Tapastreet.

Via the fund, Kernel Capital led the €250,000 investment, with Enterprise Ireland injecting the remaining €250,000 funding into Tapastreet.

The start-up is now set to leverage the funding to take its media crowdsourcing app to the next level in order to capitalise on the explosion of social media usage via mobile devices that’s happening across the globe.

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