Irish exporters told to keep diversifying in wake of UK referendum uncertainty
Irish Independent
With record overseas trade of more than 20 billion euro last year, Enterprise Ireland reported homegrown firms have already felt the effect of uncertainty around the Brexit vote but also stated that diversification of trade into Northern Europe, the US and high-growth markets such as China, India, the Gulf and Brazil was paying off.
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Export opportunities abound in Africa, Irish firms told
Irish Times
Speaking at the fifth Africa Ireland Economic Forum in Dublin, Brendan Flood, head of Enterprise Ireland’s international sales and partnering business unit, said the body was currently supporting 460 companies in Africa, but was hoping to increase this to 550 firms within the next two years.
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New €60m investment fund for early stage companies
Business & Finance
Atlantic Bridge has announced a new €60m investment fund for early stage companies with global potential from all Irish third-level institutions and universities. The fund will provide capital and expertise for scaling companies into the US and Chinese markets and elsewhere and was initiated in a joint leadership collaboration between UCD and Trinity.
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DCU-based Shimmer signs research deal with Harvard’s Wyss Institute
Silicon Republic
The new research deal will support ongoing research focused on remote patient monitoring using wearable sensing technology. “Partnering with Shimmer Sensing will allow us to further develop our remote patient-monitoring platform called MercuryLive,” said Prof Paolo Bonato, an associate faculty member of the Wyss Institute.
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Sportlomo creates 25 jobs in Mayo after angel investment
Irish Times
A Co Mayo-based sports technology firm, Sportlomo, is creating 25 jobs, following a €270,000 angel investment from West by Northwest. The company, which makes software for the administration of amateur sports is used by 52 sports organisations to manage player data and league competitions, with almost one million people covered by it.
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Obeo: Taking ‘yuck’ factor out of composting
Irish Examiner
Obeo is comprised of a cardboard bag within a cardboard box, it’s used in the kitchen for daily food waste, doesn’t leak, tear or smell and when it’s full, goes straight into the brown bin for composting. The company has just raised €350,000 in funding and is already targeting high-end multiples such as Waitrose and Sainsbury’s.
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Knowledge Transfer Ireland Impact Awards 2016
Enterprise Ireland
Knowledge Transfer Ireland will this week announce the winners of its KTI Impact Awards 2016. The awards showcase the success in knowledge transfer carried out in Irish Higher Education Institutes and in publicly funded research organisations for the wider benefit of the Irish economy and society at large.
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