February, 2014


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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26
Feb 14

Dragon’s Den Star to Discuss Entrepreneurship Before Oireachtas Committee Today

Sean O'SullivanDRAGON’S DEN STAR Sean O’Sullivan will appear before the Joint Committee on Jobs, Enterprise and Innovation today to discuss what can be done to encourage entrepreneurship in Ireland.

The committee will be discussing a report by the Entrepreneurship Forum, called: Entrepreneurship in Ireland – Strengthening the Startup Community.

Investor

Sean O’Sullivan has founded several technology companies and organisations, including MapInfo, a $200 million software and services business head quartered in New York. Currently he is managing director of of his newest ventures called Avego Ltd which is a small technology firm with offices in Ireland, China, and the United States.

Last month, the Entrepreneurship Forum, which is chaired by O’Sullivan launched its report which has a total of 69 recommendations which require Government action, said Committee Chairman Damien English TD.

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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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21
Feb 14

Gallagher: Local Entrepreneurship is Key to Getting Economy Back on Track

Former presidential candidate and entrepreneur Sean Gallagher emphasized the importance of entrepreneurship in getting the economy back on its two feet.

Speaking at the Cork Chamber Business Breakfast, he said that there was a recovery in Cork and Dublin, but in the small towns in Cavan and Monaghan it was up to the small businessmen to keep their communities alive.

“I see different Irelands: There is an Ireland in Dublin, an Ireland in Cork, but then there is another Ireland. Driving down the main street in Longford, small villages in the West of Ireland where people are struggling. We have half a million people unemployed and it is not going to be the Facebooks that land into Roscommon,” he said.

“It will be the local indigenous entrepreneurs who become the glue that hold the whole communities together,” he added.

Mr Gallagher said there was a need to create role models for the next generation of entrepreneurs. He pointed to the success of Liam Casey in building his PCH empire, and David Bobbett who built a worldwide kitchen design and supply chain company.

He said that these people need to be held up as success stories to the next generation.

However, he said that there was a need to celebrate business at a more local level too,

“We need role models, and not just the Micheal O’Learys and Richard Bransons that people often talk about in schools. We need role models in our communities. The plumber the plasterers, the hairdressers, the beautician, the retailer the publican, they are all entrepreneurs, all people who go out every day and make a living and hustle,” he said.

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21
Feb 14

Jobs Boost for Dublin and Galway as 132 Roles Created

IDA Ireland chief executive Barry and Minister for Jobs, Enterprise & Innovation Richard Bruton. Photo: Alan Betson/The Irish Times Five European and North American tech high growth firms plan expansion.

Over 130 new jobs are to be created in Dublin and Galway by five North American and European high-growth companies.

The new jobs are to be spread across a range of sectors including IT, cyber security, life sciences and financial services.

The companies creating the new jobs are software analytics company New Relic, internet domain name registry business Starting Dot, global consulting company capSpire, manufacturer NeoMed and logistics company SEKO MedTec.

SEKO MedTec is to create 30 jobs in Galway, while New Relic creating 50 new jobs in Dublin. The fast growing software company, based in San Francisco, has selected Dublin as the location for its EMEA headquarters.

NeoMed is also establishing an EMEA headquarters in Dublin with the creation of 22 jobs, while StartingDot is setting up a finance and operations centre in the Capital resulting in 10 new jobs.

Arkansas based company capSpire will create 20 new business consultancy and software development jobs by opening its first international office in Ireland.

IDA Ireland chief executive Barry O’Leary said the IDA has set up a specific division to focus on attracting high-potential, high-growth companies to Ireland at an early stage of their development.

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17
Feb 14

Third-party Fire Certification Company for Construction Industry to Create 20 New Jobs

Third-party fire certification company for construction industry to create 20 new jobsCork and Dublin-based certification company i3PT Certification said today that it plans to create 20 new jobs over the next three years.

The firm, which was set up in 2011 specialises in independent third party certification of fire and life safety systems in the construction sector, said it has been boosted by a €400,000 investment including iHPSU (Innovative High Performance Start-up) funding from Enterprise Ireland. The company said the recent building control amendments have also seen a large upsurge in demand for the firm’s ancillary fire certification in the Irish construction sector.

According to the company’s CEO Eoin Leonard, demand from the UK and Middle East for independent fire certification also offers significant potential. “We are spending a great deal of time in the UK, Saudi and UAE with healthcare and industrial clients particularly,” he said.

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17
Feb 14

Enterprise Ireland Student Entrepreneur Awards to Help Inspire Third-level Students

Enterprise Ireland Student Entrepreneur Awards to help inspire third-level studentsEntrepreneurial students can be in with a chance to win a prize from an overall €30,000 cash prize fund and €30,000 consultancy fund, which includes a €10,000 first prize, in the Enterprise Ireland Student Entrepreneur Awards competition.

Ireland’s Minister for Small Business, John Perry, TD, said the competition aims to spur third-level students to develop innovative business proposals and develop a real-world business venture.

The Enterprise Ireland Student Entrepreneur Awards, which are co-sponsored by Invest Northern Ireland, Intel, Cruickshank Intellectual Property Attorneys and Grant Thornton, are Ireland’s biggest and longest-established student enterprise competition for third-level student teams from the whole island.

The sponsors will also provide guidance to the students in areas such as intellectual property, market research, finances, technology development, public relations and advertising.

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4
Feb 14

Yahoo is Providing a single European Entity Based in Ireland.

Single European entity based in Ireland.As part of our ongoing commitment to deliver outstanding service, we have recently reorganised our European operations. Beginning 21 March 2014, we will be providing our services from a single European entity based in Ireland.

The move requires changes to our Terms and Privacy Policy, most notably, that your user contract will be transferred from Yahoo! UK Limited to Yahoo! EMEA Limited

This change applies to all Yahoo services you receive, such as Mail, Flickr and Answers, that are provided to you from Yahoo! UK Limited or one of our other European companies. For a summary of the changes, visit our FAQ, or click to read the new Terms and Privacy Policy.

What do you need to do?

Your continued use of Yahoo services after 21 March 2014 means that you accept the changes to the Terms and Privacy Policy. If you do not agree to them, then you must close your account before 21 March 2014.

Best regards,
The Yahoo Team

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1
Feb 14

Irish Virtual Services Exports Surge.

By Michael Hennigan, Finfacts founder and editorGoogle Announces 21% rise in 2013 Revenues;

Google announced on Thursday that revenues (ex-Motorola) rose 21% at a global level in 2013 and with over 40% booked in Ireland, 2013 will have been another year when Ireland’s virtual services exports will have surged (Irish services data will be published in March 2014). On Wednesday, Facebook announced a 55% rise in 2013 revenues and in 2012, 48% of global revenues were booked in Ireland.

Last year companies such as Google, Facebook and Microsoft boosted Irish computer services exports by 15%, to cut the tax rates on their overseas earnings to low single digits.  Google said the number of clicks on its search advertisements rose 31% in the fourth quarter of 2013 from the prior year but the average revenue for each click continued its decline, dropping 11% from fourth quarter 2012. However, the search engine giant posted a 17% quarterly increase in revenue and a 15% rise in profit in the fourth quarter compared with the prior year.

On Wednesday, Google had announced plans to sell its unprofitable Motorola  smartphone unit to Lenovo Group of China for $2.9bn.  Google’s shares rose about 4% in after-hours trading, having closed at the 4 pm shutdown of normal trading at $1,135.39, up 2.6% – -giving it a market valuation of $379.3bn. The shares are up about 60% since the start of 2013, including late Thursday trading.

Google segment revenues (ex-Motorola) were $15.72bn, or 93% of consolidated revenues, in the fourth quarter of 2013, representing a 22% increase over fourth quarter 2012 Google segment revenues of $12.91bn;  Google segment revenues from outside of the United States totaled $8.77bn, representing 56% of total Google segment revenues in the fourth quarter of 2013, compared to 56% in the third quarter of 2013 and 54% in the fourth quarter of 2012. Revenues from the United Kingdom totaled $1.50bn, representing 10% of total Google segment revenues in the fourth quarter of 2013, compared to 10% in the fourth quarter of 2012 – -  most of this revenue is booked in Ireland.

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