Industry & Business

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  • Bluedrop Medical Raises €3.7 Million Investment HBAN has announced that Bluedrop Medical, a Galway-based Medical device start-up, has secured €3.7 million in funding to help manage one of the most devastating complications of diabetes – the diabetic foot. An initial seed investment of €1.2 million was led by HBAN’s MedTech Syndicate – which itself invested €340,000 in the seed round. Enterprise Ireland [...]...
  • NTR and Nord/LB Close Two Further Project Financings For a Combined €45 million NTR has successfully closed two project debt facilities back-to-back in recent weeks with Nord/LB  for a combined €45 million. The debt facilities are being used to finance the construction of two wind farms in the Republic of Ireland, both of which are expected to be fully constructed by the end of 2019 in time for awarding of the Irish government REFIT [...]...
  • Huckletree Announces European FinTech Hub in Dublin 4 Huckletree, the pan-European co-working space operator and accelerator, has announced it will open Ireland’s first fintech co-working hub in Dublin, establishing a European Fintech Hub similar to Barclays RISE, Level39 London and Lhoft Luxembourg. Located in The Oval, Ballsbridge, Dublin 4, the ambition for the fully equipped 23,500 sq ft space is to be a leading [...]...
  • Rye River Brewing Company Crowned the World’s Most Decorated Independent Craft Brewery Irish craft beer brewery, Rye River Brewing Company, has been crowned the world’s most decorated independent craft brewery at the World Beer Awards 2019. Rye River Brewing Company has achieved critical acclaim on the world stage, winning an unprecedented 21 World Beer Awards in 2019, officially making it the “World’s most decorated independent craft brewery”. The Celbridge-based brewery [...]...
  • Health Plan Technology Company Chooses Northern Ireland For New Software Engineering Centre American company HighRoads has announced that it is establishing a product development Centre of Excellence in Belfast to support its rapid growth, and the company plans to recruit at least 20 professionals over the next three years. This team will bring together experts in engineering, product management, and engineering operations to support the creation and expansion [...]...

Stryker and RCSI Collaborate to Drive Digital Healthcare Innovation

  Stryker and RCSI Collaborate to Drive Digital Healthcare Innovation

Stryker, one of the world’s leading medical technology companies, has announced the opening of its Digital Platform Services Centre of Excellence in Dublin, Ireland, and a strategic collaboration with RCSI (Royal College of Surgeons in Ireland) to develop digital solutions for use in emergency and specialist care settings to provide more seamless care coordination for patients […]

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The Licencing of FinTech Firms Across Europe

  The Licencing of FinTech Firms Across Europe

The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published a report on the status of licencing regimes of FinTech firms across the European Union (EU).  The report is based on two surveys conducted by ESMA since January 2018, which gathered evidence from national competent authorities (NCAs) on the licensing regimes of FinTech firms […]

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MessageBird Opens New Office in Dublin

  MessageBird Opens New Office in Dublin

MessageBird, the Amsterdam-based cloud communications platform company, is expanding its European operations with a new office in Dublin. Led by former Salesforce and Oracle executive, Roberto Marzo, the new office will employ up to 50 new positions over the next two years.
Initial hires will focus on sales, customer success and support for MessageBird’s fast-growing European […]

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Signing of the Ireland-China MOU to Promote Science, Technology and Innovation Co-operation

  Signing of the Ireland-China MOU to Promote Science, Technology and Innovation Co-operation

A revised Memorandum of Understanding (MOU) to promote science, technology and innovation cooperation between Ireland and China has been signed. The revised MOU between the Department of Business, Enterprise and Innovation and the Ministry of Science and Technology of the People’s Republic of China replaces the 2012 MOU to promote science, technology and co-operation. It […]

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Colm McLoughlin Honoured at Aviation Industry Awards in Ireland

  Colm McLoughlin Honoured at Aviation Industry Awards in Ireland

At a glittering industry gathering that attracted over 300 senior aviation executives in Ireland, Dubai Duty Free’s Executive Vice Chairman & CEO, Colm McLoughlin, was presented with the Outstanding Contribution to the Aviation Industry award at the annual Aviation Industry Awards in Dublin. Colm McLoughlin, who celebrated his 50th anniversary in the duty free industry on […]

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Irish Hotel Sector at a Turning Point

  Irish Hotel Sector at a Turning Point

Crowe, Ireland’s leading accountancy practice and advisors to the Irish hotel sector, has launched the 24th edition of Ireland’s most comprehensive annual analysis of the Irish hotel sector. The Crowe Ireland Annual Hotel Survey, compiled from an analysis of Irish hotels’ 2018 accounts, shows that the sector experienced a positive year in 2018 with an eight-consecutive year of […]

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Major New SME Policy

  Major New SME Policy

The Government is developing a major new policy on SMEs and entrepreneurship under Future Jobs Ireland, the new plan to prepare the economy, businesses and workers for the future. A draft roadmap for SME and entrepreneurship policy has been prepared by the OECD for the Department of Business, Enterprise and Innovation. The draft was informed by extensive […]

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ABP Food Group Wins World’s Best Fillet Steak

  ABP Food Group Wins World’s Best Fillet Steak

ABP Food Group, the largest beef processor in Ireland and the UK, was the winner of the World’s Best Fillet Steak at the recent World Steak Challenge 2019, which took place in Dublin. The annual competition sees beef producing nations across the globe compete for these prestigious industry awards. ABP was the most successful Irish […]

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Plans Unveiled For Custom House Quay Development in Cork

  Plans Unveiled For Custom House Quay Development in Cork

Development management firm Tower Holdings Group has released details for the redevelopment and revitalisation of the historic Custom House Quay site in Cork. The development, which will link the peninsula to the center of the city while introducing a large public realm for the first time in the history of the site, will feature the […]

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Finalists Announced For 2019 Irish Food & Drink Business Awards

  Finalists Announced For 2019 Irish Food & Drink Business Awards

The finalists have been announced for the 2019 Irish Food & Drink Business Awards. The prestigious awards programme, which was first introduced last year, is the first of its kind on the island of Ireland in celebrating and promoting the best of the Irish food and drink manufacturing industry and the people behind the products.
The […]

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Potato Partnership Powers Success

  Potato Partnership Powers Success

Teagasc and IPM Potato Group (IPM) have been collaborating since the early 1970s when they first formed a partnership to breed new varieties of potatoes for the Irish and global markets. IPM and Teagasc have now signed a new fifteen year agreement continuing this successful partnership and collaboration.
Teagasc Director, Professor Gerry Boyle said: “Given the […]

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Completion of €233 Million Center Parcs Longford Forest Project

  Completion of €233 Million Center Parcs Longford Forest Project

An Taoiseach, Leo Varadkar TD, has officially marked the completion of the landmark €233 million forest resort – Center Parcs Longford Forest. Following an almost two-year construction process Center Parcs Longford Forest has been delivered on schedule and within budget.
Center Parcs Longford Forest will add an entirely new dimension to Ireland’s tourism and leisure market […]

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Takeda Ireland Opens New Innovative Manufacturing Site in Dublin

  Takeda Ireland Opens New Innovative Manufacturing Site in Dublin

Takeda Ireland, a subsidiary of Takeda Pharmaceutical Company Ltd, has officially opened a new cutting-edge manufacturing facility at its site at Grange Castle in Dublin. Takeda has created this high containment, state-of-the-art production facility dedicated to the manufacturing of their oncology treatment.
Construction of the plant began in June 2017 and was managed by Project Management […]

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Over €100 Million Available For Projects Under Disruptive Technologies Innovation Fund

  Over €100 Million Available For Projects Under Disruptive Technologies Innovation Fund

The Government recently held a flagship event on the impact of technological change on Irish businesses. The event saw the launch of Pillar 1 of the new whole-of-Government plan, Future Jobs Ireland, which focuses on positioning Ireland as a leader in innovation and technology adoption. The Government also announced that another €100 million was being […]

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Lidl to Invest €1 Million in Ireland’s Largest Ever Installation of Solar Panels

  Lidl to Invest €1 Million in Ireland’s Largest Ever Installation of Solar Panels

Lidl has welcomed a grant of planning from Kildare County Council for the installation of energy-saving solar panels at its 58,000 sq m distribution centre in Newbridge, County Kildare, which is currently under construction. This installation will see an investment of €1 million at this site alone, adding to the €1 million already committed by […]

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Limerick Wins European Green City Award

  Limerick Wins European Green City Award

Limerick has won the title of European Green Leaf 2020 for smaller cities along with the Belgian city of Mechelen. The Finnish city of Lahti won the European Commission’s European Green Capital Award for 2021.
The international Jury said that green cities are healthier and happier places for people to grow, live and work in, and […]

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Dale Farm Delivers Double-digit Profit Growth and a Leading Milk Price

  Dale Farm Delivers Double-digit Profit Growth and a Leading Milk Price

Northern Ireland-based Dale Farm, the largest UK farmer-owned dairy co-operative, has announced significant increases in profit, return on capital employed (ROCE) and turnover as part of its financial results for the year ending March 2019. Group operating profit rose 18% to £14.3 million, profit before tax was up 19% to £12 million, with EBITDA up […]

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ESB Networks Announces Initial Roll Out Locations For Ireland’s Electricity Meter Upgrade Programme

  ESB Networks Announces Initial Roll Out Locations For Ireland’s Electricity Meter Upgrade Programme

ESB Networks has announced the initial locations in 2019 to benefit from the upgrade of Ireland’s electricity meters to modern smart ready technology. The next generation electricity meters are a key part of Ireland’s Climate Action Plan 2019. Similar meters are currently being rolled out across Europe and internationally.
The meter upgrade programme will commence in […]

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Bibby Financial Services Ireland and SBCI Launch New Trade Finance Product

  Bibby Financial Services Ireland and SBCI Launch New Trade Finance Product

A new Trade Finance product that allows businesses to buy, receive and sell goods before needing to pay for them has been unveiled by Bibby Financial Services Ireland, a leading provider of financial support and funding solutions to SMEs, in collaboration with the Strategic Banking Corporation of Ireland (SBCI). The new product is ideally suited […]

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Lynk Increases its Number of Hybrid Electric Taxis to 250 Vehicles

  Lynk Increases its Number of Hybrid Electric Taxis to 250 Vehicles

Lynk, Dublin’s taxi booking app, has increased its fleet of hybrid electric vehicles to 250, as it continues to reduce its carbon emission levels. Lynk now possesses one of the largest hybrid taxi fleets in Ireland, and expects hybrid vehicles to comprise over 20% of its total fleet by September.
The increase in hybrid vehicle numbers […]

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Late Summer Fails to Dampen Growth For Groceries

  Late Summer Fails to Dampen Growth For Groceries

Summer may have been late to arrive to Ireland, but new figures from Kantar show that the grocery market has remained buoyant in the face of inclement weather, up by 4.6% for the 12 weeks to 16 June 2019. While overall sales remain robust, hot weather categories which experienced a surge in popularity this time […]

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Dowds Group to Create 68 New Jobs in Construction Sector

  Dowds Group to Create 68 New Jobs in Construction Sector

Ballymoney-based Dowds Group, a mechanical, electrical, facilities management and build contractor, has announced that it will create 68 new jobs by 2021 to support planned export growth. The Invest Northern Ireland-backed investment will further strengthen the company’s design and engineering capability, enabling it to target higher value ‘design and build’ contracts, particularly in the Great […]

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Energia Group Announces Over €3 Billion Renewable Energy Investment Programme For Ireland

  Energia Group Announces Over €3 Billion Renewable Energy Investment Programme For Ireland

Energia Group, the major all-island energy provider and infrastructure investor across Renewable Technologies, Flexible Generation and Customer Solutions, will invest over €3 billion in Irish renewable energy generation and related systems over the next 5 years. The announcement was made by Richard Bruton TD, Minister for Communications, Climate Action and the Environment, together with Energia Group […]

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Brexit Preparedness at Food and Drink Firms Jumps to 93%

  Brexit Preparedness at Food and Drink Firms Jumps to 93%

Three years since the UK voted to exit the European Union, Brexit preparedness is widespread amongst Ireland’s food and drinks companies at 93% (74% in 2018). However, firms are increasingly concerned by the cost implications of customs compliance and stockholding; potential weak links in logistics and many have halted investment plans due to the continued […]

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Two Irish Women Amongst Sky’s New Cohort of Women in Technology Scholars

  Two Irish Women Amongst Sky’s New Cohort of Women in Technology Scholars

Sky has announced its second cohort of Women in Technology Scholars, awarding five talented women a total of £125,000 (€140,000) to accelerate a business idea which harnesses technology innovation. Amongst the winners are Irishwomen Mary Murphy (pictured extreme right), who hails from Mayo, and Rachel Clancy (pictured extreme left), originally from Limerick.
Mary, the youngest Sky Women […]

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Business Growth Catalyst for Oakland Distribution Launch

  Business Growth Catalyst for Oakland Distribution Launch

Growth has triggered UK and Ireland specialist multi temperature supply chain operator and responsible family business, Oakland International, to launch a new division, Oakland Distribution. With a fleet ranging from 44T articulated vehicles and 26T rigid to vans, all with multi-temperature capability, Oakland now has complete supply chain control on a number of its delivery […]

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EU Invests €35 Million to Improve Water Quality in Carlingford Lough and Lough Foyle

  EU Invests €35 Million to Improve Water Quality in Carlingford Lough and Lough Foyle

A major cross-border project which aims to improve water quality in Carlingford Lough and Lough Foyle through enhanced wastewater treatment has been launched. The Shared Waters Enhancement & Loughs Legacy (SWELL) project, which has been awarded €35 million under the EU’s INTERREG VA Programme, managed by the Special EU Programmes Body, will see the construction of […]

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Younger Generations Pose Biggest Cybersecurity Threat to Businesses

  Younger Generations Pose Biggest Cybersecurity Threat to Businesses

Younger generations have been revealed as the biggest security threat to businesses as one in ten (10%) Millennials admitted that they would knowingly use a work device that was under cyber-attack. Meanwhile, 42% of Gen Z office workers confessed that they have lost a device that was linked to their work email account.
The survey of […]

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Dynamic Signal Opens Belfast Office, With 100 New Jobs in Local Technology Centre

  Dynamic Signal Opens Belfast Office, With 100 New Jobs in Local Technology Centre

Dynamic Signal, the leading Employee Communication and Engagement Platform, has expanded operations to Belfast and will create a new technology centre, adding 100 jobs as growth continues. The Silicon Valley-based software firm offers technology that allows companies to communicate with all of their employees, on any device or channel, with relevant, targeted news, information and updates. […]

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Economic Growth Set to Continue in 2020 But at a Reduced Rate

  Economic Growth Set to Continue in 2020 But at a Reduced Rate

Despite operating in the presence of a considerable degree of uncertainty, the Irish economy continues to grow at a robust rate. The domestic economy is now expected to grow by 4.0 per cent in 2019 and 3.2 per cent in 2020, according to the latest ESRI Quarterly Economic Commentary. These growth rates are up marginally […]

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