The Department of Business, Enterprise and Innovation, the Government of Ireland, through Enterprise Ireland, and the European Investment Fund (EIF) have signed an agreement to double the size of the existing European Angels Fund Ireland (EAF Ireland) to €40 million. The European Angels Fund Ireland co-invests alongside approved Business Angels in Irish-based internationally trading SMEs and […]
FinTech consultancy Vox Financial Partners has developed new software that will improve efficiencies in the global financial services industry post Brexit. The Belfast-based banking technology and consultancy firm plans to double its team by 2020 to support business growth and roll out a product solution to delivering over-the-counter (OTC) derivative contracts.
Vox advises on regulatory changes […]
Efectis is establishing a new business in Northern Ireland, offering fire testing services to UK and Ireland based manufacturing businesses who are servicing the construction sector. Seven new roles will be created as part of Efectis’ investment, which is locating at Ulster University’s Fire Safety Engineering Research and Technology Centre in Jordanstown.
Welcoming the investment, Invest Northern Ireland’s […]
Teaching, research and student accommodation at Trinity College Dublin will be transformed over the next two years with the backing of a €100 million long-term European Investment Bank (EIB) loan for four capital developments across the campus.
This will include the flagship E3-Engineering, Environment and Emerging Technologies initiative at Trinity. Central to the vision of E3 […]
According to new SME research conducted by Bank of Ireland and Red C, 78% of Irish SMEs are confident in their ability to borrow if additional capital is required over the next twelve months, and almost one quarter (23%) already intend to borrow in the coming year. Just over one in three (34%) SMEs identified no […]
The Government has announced an increase in funding in Budget 2019 totalling €950.2m (+9.1%) for the Department of Business, Enterprise and Innovation. This allocation is €79.2m above the 2018 allocation of €871m for the Department and includes a record Capital budget increase of €65m (+11.7%) on the existing ceiling of €555m and an additional €14.2m (+4.5%) in Current funding.
Minister for Business, Enterprise and Innovation Heather Humphreys […]
Irish digital health technology company HealthBeacon has officially opened its newly expanded Irish headquarters in Dublin 12. HealthBeacon has been on an upward trajectory since founding in 2014, with 2018 their busiest year yet.
Over the past four years the innovative Irish medtech company has experienced comprehensive market penetration within Ireland, witnessing in excess of 100% […]
Growth Loan Fund II, a £30 million fund to support SMEs in Northern Ireland with growth potential, has been launched by Invest Northern Ireland. The Fund is a successor to the Growth Loan Fund set up in 2012 which committed £55 million to more than 100 businesses.
Finance for the Growth Loan Fund II is being […]
The Government has announced €8 million in funding to support 45 innovative energy projects in companies and research institutions across Ireland. The Sustainable Energy Authority of Ireland (SEAI) is responsible for awarding the funding to the 45 projects which aim to develop solutions that will help our homes, businesses and communities deliver a cleaner energy future. […]
Gavin and Doherty Geosolutions (GDG), an award-winning specialist firm focused on the delivery of infrastructure projects involving complex and challenging ground conditions, has been awarded the first stage of the European Commission’s SME INSTRUMENT, a support fund designed to accelerate the route to market for innovative SMEs with game changing ideas within their specific sectors. […]
Customs and Logistics is the single biggest Brexit challenge facing Irish business according to an Enterprise Ireland survey which took place at its Dublin Brexit Advisory Clinic in June. Almost half (49%) of the respondents to the audience participation poll ranked Customs and Logistics as their greatest concern. This was followed by Financial and Currency […]
Belfast-based agri technology company Devenish Nutrition has secured €118 million in long-term funding to enable its research, development and growth plans. This major refinancing deal is made possible by a pioneering investment of €40 million from the European Investment Bank (EIB). The EIB investment has been combined with commitments from Devenish’s new commercial finance partners, […]
Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning in Ireland has announced up to €2 million worth of funding will be made available to industry bodies and enterprise groups to develop new Skillnet Networks. The new enterprise-led learning networks will be launched in 2019 and will support Irish businesses […]
Crucial future investment to improve Ireland’s competitiveness will be strengthened by assessment of international best-practice in two key policy areas. EIB (European Investment Bank) advisory experts will identify ways to ensure more effective funding to support research and innovation in Ireland and to accelerate digitalisation by Irish small businesses.
The two new advisory programmes have been […]
Enterprise Ireland has announced a new Competitive Start Fund (CSF) totalling up to €500,000 to support start-ups in the marine technology and agritech sectors. The fund was launched by Minister for Agriculture, Food and the Marine, Michael Creed, TD, at the recent Our Ocean Wealth Summit, at Seafest 2018 in Galway.
The Fund will provide up […]
Translink and Iarnród Éireann have launched an ambitious new strategic development plan for the Cross-border Enterprise Rail Service between Belfast and Dublin. Called ‘Better Connecting Dublin and Belfast’, the strategy sets out a road map of how both companies jointly plan to further enhance the service on this important north/south rail corridor.
The plan launched by […]
For the next long-term EU budget 2021-2027, the European Commission is proposing €100 billion for research and innovation. A new programme – Horizon Europe – will build on the achievements and success of the previous research and innovation programme (Horizon 2020) and keep the EU at the forefront of global research and innovation.
Commission Vice-President Jyrki Katainen, […]
Walled City Brewery, located in Derry’s exciting new cultural quarter Ebrington Square, has been assisted by Invest Northern Ireland to develop a new craft beer. Master Brewer, James Huey used an Invest NI £5,000 Innovation Voucher to develop the recipe for its ‘1689’ Mumm ale, which comes from a recipe dating back to the Siege […]
Funded by the Department of Communications, Climate Action and Environment, the Sustainable Energy Authority of Ireland (SEAI) has announced a fund of €500,000 to support cutting-edge Irish energy research, development and demonstration projects. The aim of the call is to support regions and local communities move towards a decarbonized energy system by 2030.
Companies, research organisations […]
ATXA Therapeutics Ltd, a University College Dublin (UCD) life sciences spin-out, which is developing novel therapeutic drugs to treat pulmonary arterial hypertension (PAH), and other related cardiovascular conditions, has secured €2.5 million in funding under the European Union’s Horizon 2020 SME Instrument Programme Phase 2.
The company is one of just three Irish companies to secure funding […]
Three early-stage start-ups have become the latest companies to spin-in to NovaUCD and join the community of entrepreneurs at University College Dublin’s (UCD) Centre for New Ventures and Entrepreneurs. Over 25 companies, employing some 200 people, are currently located at NovaUCD.
The three companies, EPIC Conjoint, This is Seaweed and Travacoin, have located to NovaUCD in […]
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 […]