Biosensia to use 1.2m funding to target US and Europe

Point-of-care diagnostics company Biosensia has secured funding of €1.2m which will enable it to pursue regulatory approval and advance its commercial partnership strategy in Europe and the US. Headquartered at NovaUCD in Dublin, Biosensia employs five people and intends to increase staff numbers to 15 by 2013 as part of its commercialisation strategy. There is a significant unmet need for more convenient, accurate and affordable point of care solutions, and Biosensia is poised to become a major player in the development of next-generation, point of care diagnostic products, according to CEO Diarmuid Flavin.  Biosensia’s platform, RapiPlex, is a point of care in vitro diagnostics platform. It enables the transition of…

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Pharma start-up APC to create 20 jobs in two years

Winner of the NovaUCD 2011 Start-Up Award, pharmaceutical research and technologies company APC, plans to create 20 high-skill jobs in the next two years. The company was co-founded earlier this year by Professor Brian Glennon and Dr Mark Barrett as a spin-out from UCD’s School of Chemical and Bioprocess Engineering, and already includes many of the top 10 pharmaceutical companies in the world on its client list. It provides pharmaceutical processing technologies and customised solutions to pharmaceutical companies that require the delivery of their medicines to the global market in a lean, reliable and robust manner. APC has already hired three permanent, PhD qualified engineers and chemists.  Most of the…

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Starbucks buys juice company to gain foothold in US$50bn health and wellness sector

Starbucks today announced the purchase of California juice company Evolution Fresh for US$30m, a move it said will help it in its goal of entering the health and wellness sector. The company said that with the acquisition it would “reinvent the US$1.6bn super-premium juice segment”, which would be “a significant next step in entering the larger US$50bn health and wellness sector”. With Evolution Fresh, Starbucks said it will bring a premium juice product to the marketplace through the creation of a differentiated brand and experience, “similar to what Starbucks pioneered 40 years ago for coffee consumers”. Leveraging its retail footprint, CPG grocery distribution channels, digital breadth and in-depth customer engagement,…

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Twenty new jobs at Jo’Burger’s ‘skinflint’ in Temple Bar

Twenty new jobs are being created through the launch of a new concept called ‘skinflint’ from Irish company Jo’burger. Joe Macken set up Jo’Burger in 2007 and following examinership in 2009, was joined by John Roberts as a business partner. The business grew from then on to now employing under 100 people altogether. Based in Temple Bar at 19 Crane Lane, skinflint will open for trade on 14 November and the product concept won’t be disclosed until the first customer crosses the threshold. The concept will be promoted using Twitter and the first 500 customers will be served free of charge. 19 Crane Lane was previously the setting for Dublin’s…

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Multinationals with Irish operations excel as workplaces

Paul Rellis, managing director, Microsoft Ireland

Eighteen of the top 25 World’s Best Multinational Workplaces revealed last night by the Great Place to Work Institute have significant operations in Ireland. Winner of the Best Place to Work in Ireland for the past three years, Microsoft, was named the number one global workplace at ceremony at the New York Stock Exchange last night.  Microsoft employs 1,000 people here. “We’ve always believed that a great place to work is as relevant in an economic downturn as it is when times are good.  There’s a common misconception that focusing on this area is a nice to have rather than a critical element of what makes a company successful.  Our…

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Commence Corporation to create 20 jobs with new international office in Dublin

Customer relationship management (CRM) software provider Commence Corporation said today that it is establishing its international office in Dublin and will create 20 jobs over the next two years. Commence International will be responsible for the sales and service of the company’s web-based CRM software. Commence CRM is targeted at mid-size companies and small enterprises and competes with products like Microsoft Dynamics CRM and Salesforce.com. Commence International will be led by Noel Shannon, a software industry specialist with more than 30 years’ experience, together with a team of professional sales and support personnel. IDA Ireland CEO Barry O’Leary said Commence Corporation “complements the growing cluster of early growth multinational technology companies which have…

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ESB appoints Pat O’Doherty as CEO

Pat O’Doherty has been appointed chief executive of ESB to succeed Padraig McManus who is retiring. The company has not specified O’Doherty’s commencement date in his new role. McManus has been chief executive and board member since 2002, having joined the company in 1978. O’Doherty, meanwhile, joined the ESB in 1981 and has worked throughout the business in senior management roles. Currently executive director of ESB Energy International, he has previously been executive director, ESB Networks; executive director, ESB Power Generation; and general manager, Synergen. “Padraig has led the transformation of ESB from being a monopoly to being the leading Irish energy company in a competitive market. He has modernised…

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IAB Brings Out Mobile Advertising Handbook

It is anticipated that there will be a 50pc growth in smartphone ownership in the next 12 months in the Irish market. The Interactive Advertising Bureau’s Irish branch has published a mobile advertising handbook aimed at helping marketer’s plan their mobile strategy. For Ireland, where the traditional Irish advertising industry is still struggling to catch up with their international counterparts in grasping internet advertising, never mind social and mobile, the handbook could prove very timely. The acceleration of smartphone ownership in Ireland – expected to grow 50pc in the year ahead according to Red C – prompted the local Interactive Advertising Bureau (IAB) to produce the guide, which is sponsored…

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PM Group starts work on 45m food facility in Saudi Arabia

PM Group, which is currently working on a range of projects in the Gulf region with a capital value close to €360m, has started work on a €45m food facility in Saudi Arabia, the company announced today. The announcement was made during this week’s Enterprise Ireland trade mission of 45 companies to Saudi Arabia and Qatar, which is being led by Minister of State for Trade and Development, Jan O’Sullivan. The new facility is being developed for Halwani Bros, one of the Gulf’s oldest food manufacturing companies with major production plants in Jeddah and Egypt.  The complex incorporates separate sections for tahina and halawa; jams and foods; dairy and cheese…

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Investors complete purchase of 10.51bn BoI shares

Minister for Finance Michael Noonan has today welcomed the successful conclusion of the acquisition of 10.51bn Bank of Ireland shares by a group of investors led by Fairfax Financial Holdings, and including WL Ross, Capital Research (part of The Capital Group), Fidelity Investments and Kennedy Wilson, from the National Pensions Reserve Fund. The investors paid 10c per share or a total of €1.051bn. As a result of this disposal the State’s holding in Bank of Ireland will drop from 36pc to 15.13pc. The investors now own a 34.96pc stake in the bank. “As I noted on 25 July 2011, the commitment by a number of significant private sector investors to…

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