Fieldmotion is expanding its workforce in Newry as part of an investment targeting additional US sales. The company is benefiting from Invest Northern Ireland assistance to recruit 14 new jobs, almost half of which are already in place. Fieldmotion has a growing network of UK and US based partners licensing its workflow and field management software, […]
Cork headquartered software company Teamwork.com is creating 85 new jobs in Belfast. The company is setting up a development and support hub for a new product which will bring their total product suite to four.
Teamwork.com, a SaaS (Software as a Service) provider, creates online business applications to make teams around the world efficient and organised. It will be […]
The Sustainable Energy Authority of Ireland (SEAI) is now accepting applications from businesses for €3 million in government-funded Smart Lighting Grants. The grant will cover approximately one third of the cost of energy efficient lighting upgrades helping small and medium-sized enterprises (SMEs) save up to 90% on their lighting costs. These smart lighting upgrades will […]
The European Commission has announced €22 million in funding for a new bio-economy research project to be led by Glanbia Ireland. The project, called AgriChemWhey, will receive €22 million in funding from the Bio-Based Industries Joint Undertaking (BBI JU) under the European Union’s Horizon 2020 research and innovation programme.
It is the first dairy industry project to […]
A 35 year old former Connacht Rugby star from Athlone was named Ireland’s Best Young Entrepreneur (IBYE) for 2018 at the recent National Final in Dublin. Conor O’Loughlin and his company Glofox took home the top award at the event after also winning his national category, Best Established Business, and securing a total investment fund of €40,000.
Funding for the LEOs […]
Smart Dublin is an initiative of the four Dublin Local Authorities to engage with smart technology providers, researchers and citizens to solve challenges and improve city life. Dún Laoghaire-Rathdown County Council recently hosted the launch of the 2018 Smart Dublin Challenges at dlr LexIcon, Dún Laoghaire-Rathdown’s smart library. The funding has been increased from €600,000 in […]
The Sustainable Energy Authority of Ireland (SEAI) is now accepting applications from organisations planning an investment in a new design project or major energy upgrade. The Minister for Communications, Climate Action and Environment Denis Naughten TD, secured an allocation of €10 Million in Budget 2018 for the Excellence in Energy Efficient Design (EXEED) programme.
The €10 million allocation will be used to […]
Irish company, Diaceutics, the diagnostic commercialisation company that improves patient outcomes via better diagnostic testing, has raised €4.3 million in new mezzanine financing from two partners, WhiteRock Capital Partners and Silicon Valley Bank. The money will be used to support the organisation’s continued global expansion.
Specifically, Diaceutics will use the funding to invest in the data analytics […]
An EU-wide database that pulls together all available information on financing for European tech companies; that is one of the recommendations of a new report prepared by the joint European Commission–European Investment Bank (EIB) InnovFin Advisory. It is also suggested to create a tool that helps investors to better understand the technical and economic viability […]
Minister for Business, Enterprise and Innovation, Heather Humphreys TD, Minister for Agriculture, Food and the Marine Michael Creed TD, and Minister for Finance and Public Expenditure and Reform Paschal Donohoe TD have opened the Brexit Loan Scheme for applications to allow for the roll out of €300 million in funding to eligible Irish businesses.
Eligible businesses can […]
Enterprise Ireland’s Competitive Start Fund (CSF) for recent graduates will open for applications on Tuesday 10th April 2018. The €500,000 fund will provide up to €50,000 in equity funding for up to 10 successful applicants. The fund closes to applications at 3pm on Tuesday, 24th April 2018.The purpose of the Competitive Start Fund is to […]
Futurists predict that drone technology will soon significantly transform our daily lives, changing how we deliver and collect goods, giving us new ways to monitor and understand the world around us, and even revolutionising emergency services. However, the roll out of drone applications is currently hampered by a lack of innovative technologies that can guarantee […]
57 small and medium-sized companies have been selected for funding under the Horizon 2020 European Innovation Council (EIC) pilot, which aims to nurture breakthrough innovation. The companies, which underwent face-to-face interviews with a jury of innovators, entrepreneurs and venture capitalists, will receive a total amount of €94.25 million.
Carlos Moedas, Commissioner for Research, Science and Innovation, said: “With the European Innovation Council […]
The European Commission has launched the WiFi4EU web portal. As of now, municipalities all over Europe are invited to register their details ahead of the first call for projects in mid-May, for the chance to benefit from EU financing to build free public wireless internet hotspots.
The WiFi4EU programme offers vouchers worth €15,000 for municipalities to set up Wi-Fi […]
Dún Laoghaire-Rathdown County Council has agreed a Capital Expenditure Programme of over €742 million. The Three Year Capital Programme 2018-2020 will deliver a considerable number of infrastructural and housing projects that are of strategic importance to the County and the Region from both a social and an economic perspective. This will shape the development of […]
Designed to foster collaboration between industry, academia and government agencies, the 2018 Research and Innovation Conference & Exhibition attracted over 1,000 visitors from across the major industrial sectors in Ireland to the Citywest Hotel, Dublin, on Wednesday, March 14th.
The visitors who braved the inclement weather were able to meet with the key organisations that are […]
Half way through the implementation of the EU’s action plan for a maritime strategy in the Atlantic, an independent study finds it has spurred over 1200 new maritime projects and nearly €6 billion of investments so far. Most projects target environmental protection and innovation, as well as improved connectivity and social inclusion.
Examples include the development of marine renewable energy […]
A fund of €30,000 has been announced by GIY with the support of The Ireland Funds for the establishment of 10 new GIY Cottage Markets across the country during 2018. In 2017, the fund supported the establishment of 15 Cottage Markets for the first time with many of these markets being the catalyst of at least […]
The Government has published The National Development Plan 2018–2027, the most recent in the series of such capital plans adopted since 1988. The National Development Plan 2018–2027 is an ambitious plan designed to drive Ireland’s long term economic, environmental and social progress across all parts of the country over the next decade. The plan is […]
The European Investment Fund (EIF) has signed a second agreement with Microfinance Ireland (MFI) to support 2,100 micro-entrepreneurs under the European Commission’s EU Programme for Employment and Social Innovation (EaSI) after the first one signed in 2015. As a result of the EU support, the EaSI guarantee provided by the EIF will enable MFI to provide an […]
The Department for Business, Enterprise and Innovation’s second survey of SMEs about the impacts of Brexit on their businesses found that while 75% of SMEs expect to be impacted by Brexit over the next 18 months, only 16% have a formal Brexit contingency plan.
The Behaviours & Attitudes (B&A) survey, which was conducted last autumn, asked […]
The Eastern Corridor Medical Engineering Centre (ECME), a cross border centre of research excellence within the field of cardiovascular medicine, with partners in the Republic of Ireland, Northern Ireland and Scotland has been launched at Ulster University. The centre has received €8.2 million in funding from the European Union’s INTERREG VA Programme, managed by the […]
HBAN (Halo Business Angel Network), the all-island organisation and joint initiative of Enterprise Ireland and InterTradeIreland, responsible for the promotion of business angel investment, plans to sign up a record 35 new business angel investors at its national conference on Thursday 8th February in the Royal Hospital, Kilmainham. They will bring a combined €7 million of […]
GIY and Energia are calling on people across to the country to get growing their own food in 2018 and are offering all budding growers the opportunity to apply for funding from the ‘Energia Get Ireland Growing’ €75,000 funding pool.
Grants from the Energia Get Ireland Growing Fund will be split across three categories ‘Sow’, ‘Grow’ and […]
The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by the European Union’s long-term lending institution in Ireland and the EIB’s first backing for a hospital in the country.
The new children’s hospital project includes two […]
Invest Northern Ireland has appointed managers for a new £50 million fund which will generate investment into high potential Northern Ireland companies. Clarendon Fund Managers Limited (CFM) has been appointed to manage the Co-Fund NI II which aims to stimulate more private investment in NI companies that demonstrate high growth potential and have innovative and export […]
GIY in partnership with Energia have launched ‘Energia Get Ireland Growing’, a €75,000 pool of funding available to enable food growing by community and voluntary organisations all across Ireland including Northern Ireland. The application period is open until 19th January, 2018.
The ‘Get Ireland Growing’ initiative has to date supported almost 500 community food growing projects, positively […]
The European Investment Fund (part of the EIB Group) and the Strategic Banking Corporation of Ireland (SBCI) have tripled their finance for Irish SMEs under the COSME programme in Ireland with a new increase to €330 million. The deal means that from 2018, in total, an expected 10,000 companies in all sectors across Ireland will […]
HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland, plans to increase the amount invested in Irish start-ups by HBAN angels to €25 million per year by 2020. This will see HBAN increasing angel investment by 17% per year for the next four years.
A key focus will […]
Zeeko, an Irish EdTech start-up, has secured just over €100,000 in funding through the Horizon 2020 SME Innovation Associate Programme. The company is using the funding to launch a new research project, initially involving school children in Ireland, to evaluate the side effects of virtual reality (VR) technology on children’s health.
Zeeko, which was founded in […]
Having successfully completed a €4 million funding round earlier this year, marine foods ingredients firm, Bio-marine Ingredients Ireland (BII) has been further boosted with an investment of €750,000 from Enterprise Ireland. The company has just commenced full commercial production at its €12 million marine ingredients processing facility in Lough Egish, Co Monaghan. Fifteen of the […]
The European Commission has found the prolongation until 30 April 2018 of an Irish scheme aimed at restructuring credit unions, to be in line with EU state aid rules, and in particular the 2013 Banking Communication. The objective of the scheme is to underpin the stability and long-term viability of credit unions and the credit union sector […]
Invest Northern Ireland has offered eight companies in Belfast support to collectively create 55 jobs. The companies, from a range of sectors including software, construction, cybersecurity and consumer products are investing over £4million in the local economy.
Welcoming the investments, Moira Loughran, Invest NI’s Eastern Regional Manager, said: “The investments by these ambitious Northern Ireland companies […]
The European Parliament, the Council and the Commission have agreed on elements of the review of the Bank Recovery and Resolution Directive (BRRD) and of the Capital Requirements Regulation (CRR) and Directive (CRD) proposed in November 2016, an important piece of the Commission’s ongoing work to reduce risk in the banking sector and in line with […]
The number of credit institutions in the euro area banking sector declined by 25% between 2008 and 2016, according to the ECB’s 2017 Report on financial structures (RFS). On an unconsolidated basis, the number of credit institutions at the end of 2016 was 5,073, having fallen from 5,474 at the end of 2015. On a […]
Initiative Ireland has launched Ireland’s first syndicated property finance platform (www.initiativeireland.ie). The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding via the platform. The largest crowd-lending loan approved to date in Ireland, the loan will fund the development of 10 social housing apartments and a […]
The Government has officially launched the 5-year Acclimatize project (www.acclimatize.eu/), a new €6.7 million climate change research initiative, with Professor Andrew J. Deeks, President, University College Dublin (UCD). The project has been part-funded by the European Regional Development Fund through the Ireland Wales Programme 2014-2020.
The overall objective of the project, led by UCD in partnership with […]
The European Commission has decided to refer Ireland to the European Court of Justice for failing to recover from Apple illegal State aid worth up to €13 billion, as required by a Commission decision. Commissioner Margrethe Vestager, in charge of competition policy, says: “Ireland has to recover up to 13 billion euros in illegal State aid […]
Tandem HR Solutions, the Irish company which has developed a powerful new HR Tech solution to help organisations re-shape how employee performance is managed through driving enhanced coaching and feedback practices, has attracted €2m in seed funding from investors led by Frontline Ventures, along with ACT Venture Capital, Enterprise Ireland and angel investors.
The €2m investment […]
Cork Chamber has issued key recommendations to Government ahead of the annual budget. This comes after the Chamber asked its 1,200 members about the measures most wanted in the budget. In its submission, the Chamber includes a number of specific recommendations to improve Cork as a place to work and live. Among these are:
Urgent investment […]
The Minister for Culture, Heritage, and the Gaeltacht, Heather Humphreys, has launched the Co-Innovate programme in Monaghan, along with Permanent Secretary of the Department for the Economy, Dr Andrew McCormick.
Co-Innovate aims to increase the numbers of small and medium enterprises (SMEs) involved in research and innovation across the border region of Ireland (Cavan, Donegal, Leitrim, […]
The Minister for Health, Simon Harris TD has welcomed the recent announcement from the Department of Rural and Community Development of the approval of the 2017 Dormant Accounts Action Plan. Additional funding of up to €3.46 million is being made available to the Department of Health in the period 2017-2019 to support a range of […]
Minister for Rural and Community Development Michael Ring has approved over €11 million in funding for projects under Measures 1 and 3 of the 2017 Outdoor Recreation Infrastructure Scheme.
The Scheme is part of the Government’s Action Plan for Rural Development and provides funding for the development of new outdoor recreational infrastructure and the maintenance, enhancement […]
On Thursday the 6th of July a regional information session will be hosted by Enterprise Ireland for those interested in obtaining further information, and those who may be interested in submitting applications under the new Regional Enterprise Development Fund. The event will take place at The Red Cow Hotel, Dublin from 1.30pm to 3.30pm. Attendance […]
New funding has been announced for female entrepreneurs living in Cork and Limerick. The Women’s Rural Entrepreneurial Network (WREN) project will see more than €330,000 in funding, provided by the Department of Justice and Equality and the European Social Fund, allocated to promote entrepreneurial skills amongst women in these regions, through a tailored and focused […]
Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor TD and Minister of State for Employment and Small Business Pat Breen TD have launched a new Regional Enterprise Development Fund of up to €60 million.
This competitive funding has been provided by the Department of Jobs through Enterprise Ireland and is a key action to support […]
BC Bank Ireland has announced that as part of KBC Bright Ideas it has doubled its support fund to €200,000 and launched a new scheme for Ireland’s leading social innovators and entrepreneurs. KBC’s Business Bright Ideas will assist for-profit organisations in the business of having a positive impact on a city or community by addressing […]
Damien English, Minister of State for Housing and Urban Renewal, has announced the approval of over €100,000 in funding for four Approved Housing Bodies (AHBs) under the Innovation Fund. This Fund was established, in line with the commitment made in Rebuilding Ireland, to provide AHBs with the means to test innovative ideas on new funding […]
Enterprise Ireland’s €750,000 Competitive Start Fund (CSF) for Female Entrepreneurs will open for applications on Wednesday 3 May. Up to €50,000 in equity funding is available to a maximum of 15 successful female applicants with early stage start-up companies. Last year, one in three companies who received CSF investment from Enterprise Ireland were female-led.
As well […]