November, 2013


26
Nov 13

100 Jobs at Technology Companies

Computer giant Microsoft is taking on new jobs in software development roles and in graduate positions at its Irish-based operations in Dublin while hiring is already under way for other roles in its sales and overseas operations centre.

Dublin-based mobile marketing company Brandtone is investing more than two million euros in a research and development programme, which will create 29 jobs.

Roscommon-based telecoms firm, FCS Global, is to expand its training, engineering and US operations, creating 10 new jobs.

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26
Nov 13

Private sector generates 1,200 new jobs each week

Private sector generates 1,200 new jobs each week, CSO saysSome 1,200 new jobs are being created every week in the Irish economy by the private sector, new CSO statistics claim. The figures show that 22,500 new jobs have been added in the last three months.

The statistics were unveiled at the publication of the seventh Action Plan for Jobs quarterly programme review.

According to the report, the unemployment rate has decreased to 12.6pc and the long-term unemployment rate has decreased from 8.9pc to 7.6pc over the past year.

Out of 122 measures due for implementation during Q3 2013, 102 have been delivered, representing a completion rate of 84pc.

Among the measures were a new e-form for employment permits, more than 6,000 higher education places for those unemployed and previously self-employed, 1,650 ICT graduates via the Springboard programme, and the launch of two pilot programmes for big data.

In addition, the Government claims that waiting times for employment permits reduced by 27pc with further improvements expected in the fourth quarter.

“I am confident that the implementation of the Action Plan for Jobs has contributed to Ireland’s rising reputation as a location for enterprise and investment,” Taoiseach Enda Kenny, TD, said.

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25
Nov 13

Dublin Cloud Software Company to Create 20 Jobs after Raising €1.5m

Dublin cloud software company to create 20 jobs after raising €1.5mDublin-based software company GeoPal Solutions is to create 20 new jobs by the end of 2014 after raising €1.5m in seed funding.

The investment came from the Enterprise Ireland High Potential Start Up (HPSU) fund, and private investors, to support the international expansion of the business to the US, UK, South Africa, and Asia.

The company has developed a cloud service and mobile application for mobile workforce management that improves productivity and reduces administration costs for businesses that need to manage a field-based mobile workforce.

GeoPal allows businesses to eliminate paperwork, using mobile forms combined with an online job dispatch and mapping tool to capture data more accurately in the field and provide better visibility to administrators in the office.

GeoPal’s partner network covers Ireland, the UK, the US and Asia, and most notably includes successful partnerships with O2 Ireland and Verizon in the US.

Gerard O’Keeffe and Paul Coyle founded GeoPal Solutions in 2011 with Sean O’Reilly as CTO.

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23
Nov 13

Ireland is Europe’s Most Entrepreneurial Country: Fact or fiction?

A survey of venture capital per capita suggests that Ireland is “Europe’s most entrepreneurial country.” Is this a fact or a fiction?

Earlier in the week, we reported that the European Commission’s top 1,000 corporate R&D spenders included 16 Irish companies – - which last year was a big factor in Ireland being included in a fantasy ‘Innovation Indicator.’ This issue was easy to explain as most of the companies were American and were nominally ‘Irish’ because of the location of their headquarters in Ireland for tax purposes, while most or all of their R&D was not done in Ireland.    

Last July we reported on an officially financed study: Number of early-stage entrepreneurs in Ireland is low and falling

The Irish Venture Capital Association said [pdf] in a Pre- Budget submission last September, that of course was in a pleading mode: “The shortage of entrepreneurs has reached crisis levels as evidenced by the findings from The Global Entrepreneurship Monitor.”

“Ireland is becoming a ‘development ghetto’ with high growth start-ups doing development here but building other functions e.g. sales and marketing elsewhere. Many of these companies are becoming Irish in name only and the opportunity to build essential skills in Ireland is lost.”

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22
Nov 13

Health Technology Start-up Wins Inaugural UCD VentureLaunch Accelerator Award

Health technology start-up wins inaugural UCD VentureLaunch Accelerator Award Kinesis Health Technologies Ltd, a new health technology start-up company, has won the inaugural University College Dublin (UCD) VentureLaunch Accelerator Award and a €25,000 prize.

Kinesis Health Technologies has developed QTUG (Quantitative Timed Up and Go), a novel, patent-protected falls risk and mobility assessment technology, which can be used by a broad range of healthcare professionals to facilitate objective assessments of falls risk in older adults.

By using QTUG healthcare professionals can potentially improve healthcare utilisation, reduce healthcare costs and improve the quality of life of those at risk.

Kinesis Health Technologies plans to launch QTUG into the European (Ireland and the UK) and Northern American (US and Canada) markets in mid-2014 and plans to be employing 15 people by end 2016.

The founders of Kinesis Health Technologies Ltd are Seamus Small, Dr Barry Greene, UCD School of Public Health, Physiotherapy and Population Science and Bill Bollengier who is based in the US. 

Kinesis is a spin-out company that has emerged from internationally peer-reviewed research carried out over the last six years in the TRIL (Technology Research for Independent Living) Centre at UCD.

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22
Nov 13

Ireland Ranks as Europe’s Most Entrepreneurial Country

Ireland ranks as Europe’s most entrepreneurial country Ireland is Europe’s most entrepreneurial country, having attracted four times as much venture capital per capita as the European average, an analysis by The Wall Street Journal reveals.

In its analysis, The Wall Street Journal examined Dow Jones VentureSource data on the total amount of venture capital raised by tech companies in each European country since 2003, divided by population to get the per capita figure, then averaged it out over the 39 quarters.

Despite the recession, Ireland’s tech start-ups held up well, according to The Wall Street Journal. Of the country’s 311 venture capital-backed deals since 2003, 131, or 42pc, came in 2009 or later, VentureSource said.

Ireland’s total deal value from the first quarter of 2003 through the third quarter of 2013 amounted to US$1.28bn. Average deal size per capita in the same period totalled US$278.73.

Venture capital isn’t the only factor that has placed Ireland at the top of the European start-up heap. The country’s corporate tax rate, at 12.5pc, is among the lowest in Europe, and technology giants, such as Apple, Google, Facebook, Twitter and Microsoft, who have established a presence on Irish shores, have helped inspire start-ups.

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21
Nov 13

“Simplify360″ Intros Social Media Monitoring, Analytics to UK, Ireland mkt.

social-network-freeThe partnership will allow Virtual Division to provide enterprise grade Social Business Intelligence platform to Ireland and UK market.

 

BANGALORE, INDIA: Simplify360, Social Business Intelligence company today announced a strategic partnership and alliance with Virtual Division, Business IT Solutions provider.

 

The partnership will help Virtual Division implement social media concepts into an organisation, said a press release.

 

Using Simplify360, organisations can set-up strong Social Media Command Centre for handling all the social media activities and measuring the performance with advanced social media analytics.

 

Bhupendra Khanal, CEO, Simplify360 on the partnership said that: “The next generation organization is all about being socially enabled. This requires implementing world class intelligence platform and industry practices. Our goal is to work closely with Virtual Division provide this solution to Ireland and UK market ”

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18
Nov 13

Enterprise Ireland Appoints Start-up Ambassador for Australia

Australia-based entrepreneur Eamon Eastwood appointed Start-up Ambassador for Australia

Enterprise Ireland has announced the appointment of Eamon Eastwood, an Australia-based entrepreneur as its Start-up Ambassador for Australia, as part of its strategy to encourage overseas entrepreneurs to locate their start-up businesses in Ireland.

Mr Eastwood is the founder and CEO of Taste Ireland, importing and distributing Ireland’s leading food brands across Australia and New Zealand.Taste Ireland has sizeable supply contracts (700 stores) with both Retail Giants Woolworths and Coles who between them, own 70% of the Australian retail market.He is closely involved in the Diaspora community and is a member of the Global Irish Network. Hehas close links to other aspects of the startup ecosystem in Australia and is a Director with the Club Kidpreneur Foundation, a not-for-profit social enterprise committed to assisting young people start and grow their own micro-enterprises in order that one day they may choose entrepreneurship as a career. He will now bring this vast experience to working closely with Enterprise-Ireland to highlight Ireland and what it has to offer for international start-ups.

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18
Nov 13

Dragon Fires up €1.5m Finance for New Cloud-Computing Venture

Cisco kid returns to Cork with a ‘three Cs’ formula for making Ireland the next Silicon ValleyDragons’ Den’s Barry O’Sullivan has funding locked and loaded for his new software venture, launching next year.

O’Sullivan and two partners are believed to have raised €1.5m for the cloud computing and data analytics business-to-business venture. The finance is a mix of Irish and Silicon Valley investor backing and founder money.

O’Sullivan has run several global divisions of Cisco and is in charge of a €2bn-a-year voice business at the computer network equipment giant, working between Galway and Silicon Valley.

He departs Cisco early 2014 to start his own venture, with one Ireland-based and one Silicon Valley-based co-founder.

The company’s R&D and engineering base will be in Galway, with an ambition to hire 10-20 people – mainly software engineers – there during 2014. There will be a sales and marketing office with around five staff in California.

“I’m really excited about it,” O’Sullivan said. “I want to build up a company and take it all the way to IPO. In 2014 is going to be all about finishing building the product.” O’Sullivan has invested in several firms both within and outside of the RTE show Dragons’ Den where he is a judge.

Applications are flowing in ahead of a new series of the show airing early in 2014.

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18
Nov 13

Entrepreneurs Getting Younger Now as Students Aim Big in Biz

Several students who aspire to study in Ireland higher education institutes throng the Ireland education road show in Chennai on Saturday. 	— DCChennai’s entrepreneurial scene is getting more younger by the day. With the economic recession affecting campus hiring, successful entrepreneurs are arising out of college graduates. 

The number of incubators in colleges and universities has also incr­eased, with Tamil Nadu alone having over 23, about 10 of whom are present in university campuses.
“It is this access to information, knowledge and mentorship right at the formative stage that helps students to decide on their entrepreneurial journey,” said Subramanian Iyer of SmartKapital, a venture capitalist who played a key role in organising the Pit­chfest session at the recently concluded TiECon 2013 event.
“There is no glamour in big companies now. The role model of today’s generation is Mohit (Dubey) of Car­wale or Phanindra of Red­bus or even globally, Zuck­erberg. These are folks who have shown that you don’t have to get into TCS or Infosys to be successful,” said Mahesh Murthy of Seedfund.
Parental control and monitoring over their children are fast receding and there is no pressure on them to get into a job once out of college, he added.
Recession also seems to have played its role in inspiring students to be on their own. “Not many companies came to our campus last year,” said Vineet Nee­raj of Kobster.com.
“While I was fascinated by my college incubator centre, it was around the same time that TiE had come to our campus for a mentoring session,” said the SRM University student who has started an e-commerce venture for office supplies with his classmates.
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