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Six companies collapsed each day this month – Vision-net Six Irish companies collapsed each day this month, with more company closures than start-ups so far this year, according to the latest figures from Vision-net, a business and credit risk analyst. Vision-net’s figures, covering the period between 1–28 August, reveal that 165 companies were declared insolvent – down 13pc on the same month last year. Of those, 99 were liquidated, 64 entered receivership, and an examiner was appointed to two companies. A county-by-county breakdown shows that Dublin accounted for 42pc of all insolvencies in August, with Limerick second highest on 14pc and Meath third with 5pc of the total. Cork, Galway and…

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An iPhone app development company based in Co Leitrim, Infinite Touch, has developed three apps aimed at to putting parents’ minds at rest. The inspiration for the elaboration of the Fetal Sleep Tracker, Contraction Tracker, and Baby Feed Tracker Plus by Infinute Touch founder Andy Dunn was the upcoming birth of his daughter, due this September. Baby Feed Tracker Plus is the latest app he has released on the iTunes store. “Having built the Fetal Sleep Tracker and Contraction Tracker apps, I identified a gap in the market for an easy to use baby feed tracker app. “Other apps are cluttered with unnecessary features. As I had read many books for new parents ahead of the birth of my…

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Demonstrating evidence of demand tends to be a significant ‘blind spot’ evident among many entrepreneurs, writes Alan Gleeson, founder of Palo Alto Software and Smallbusinesscan contributor. Providing real evidence that there is an actual demand for the “thing” that is being sold is an important step. Believe it or not, a lot of business owners fail to grasp this concept, as it is their belief that there just needs to be a great idea and great people behind it. This is why there is such a high rate of failure amongst new businesses. Lack of leadership and planning. Instead of facing the harsh reality that their idea might be less…

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The director of the Small Firms Association, Patricia Callan, has released the findings of the SFA’s Autumn Employment Survey which shows that the economy has stabilised and that many firms are returning to growth and intend to create new jobs. The survey was undertaken at the end of July and 628 of a sample of 2,000 SFA members responded. Some 47pc of respondents stated that their business was growing at present, with 43pc stating that they were maintaining their position in the marketplace and 10pc stating that their business was declining. In relation to jobs, 42pc of firms planned to increase their employment levels, of which 7pc were increasing them…

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Irish firm Sabeo Contracting Services has launched a new IT Jobs App on iPhone and Android that allows IT staff to search for new jobs. Sabeo currently provides IT contract staff to clients in Ireland and the UK, and permanent IT staff and recruitment services to many employers in Ireland. The free app allows the user to search for jobs, depending on their location preference, skills and type of employment. The search can be saved, and the app notifies the user when new positions are released. No registration is required. Paul Schmitz, Sabeo Contracting Services’ director said the app was part of its strategy to reach out to more IT…

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Pauline McLynn

She’s famous for her saying ‘Ah Go On’, and now the former Fr Ted housekeeper aka Pauline McLynn has turned her catchphrase into a winning business idea with a range of tea cosies, called ‘GO ONS’. On her website , McLynn says each Go On is “unique” and comes with a story as to why she made it as she did, as well as care instructions. All GO ONs are made for round-bellied tea pots and are priced between €50-€90. McLynn says she was taught to knit by her mother when she was a child and by her grandmother “who could knock out an Aran style bobble hat in a few…

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Eamon Brady, CEO, Neuravi, John O’Shaughnessy, chairman, Neuravi and Justin Lynch, partner, Fountain Healthcare Partners

Galway-based medical devices company Neuravi has raised investment of €5.2m which will accelerate the development of its innovative clot retrieval device. Established in 2009, Neuravi expects to create 25 new jobs over the next three years as a result of this investment. This includes a series of both senior management and technical/functional positions over the coming months to fulfill the research and development, quality assurance, regulatory assurance, manufacturing, marketing and finance functions of the company. Supported by Enterprise Ireland, Neuravi has assembled a large body of intellectual property in the field of mechanical retrieval devices for stroke. The device it is developing will help stroke doctors treat patients very quickly…

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John Phelan, manager of Halo Business Angel Partnership and John Hughes, co-founder and managing director of InsulCheck

Halo Business Angel Partnership (HBAP), the Irish business angel network, has announced that diabetes medical device company InsulCheck has secured investment of €350,000 to facilitate its international growth strategy. The investment will fund new product development and the creation of 12 jobs over the next two years, bringing the total number of employees to 15. The investment was facilitated by HBAP, managed by Dublin Business Innovation Centre, and came from multiple sources including HBAP angel investors, AIB Seed Capital Fund and Enterprise Ireland. The new jobs will be in the areas of research and development, design, logistics, and sales and marketing. InsulCheck was founded in 2009 and officially launched its first product…

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MoPowered develops mobile commerce platform for SMEs

A recent study on mobile commerce and SME retailers, carried out by OnePoll on behalf of MoPowered, has found that some 76pc of SME retailers do not have a mobile commerce site, but 89pc thought mCommerce was necessary for growth in the retail industry. The retailers surveyed believed that mobile commerce sales would increase by a third in the next five years but 79pc said they had found shopping via mobile on non mobile optimised sites slow and difficult to navigate. In fact 27pc had abandoned mobile transactions. MoPowered says that while these statistics comes as no surprise, it has developed a Pay Per Performance model for mobile commerce. “It means…

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The AIB Seed Capital Fund has completed a €500,000 equity investment in SurgaColl Technologies, a Royal College of Surgeons in Ireland (RCSI) spin-out focused on tissue regeneration. Total investment in the company, which is based in the Rubicon Centre in the Cork Institute of Technology, now tops €2m from a funding syndicate that includes AIB Seed Capital Fund, Harmac Medical Products, Enterprise Ireland and a number of private investors in the UK, France and Singapore. The investment will allow the company, which was set up in 2010, to commercialise a portfolio of implantable orthopeadic products developed by the tissue engineering research group at RCSI. The products use naturally derived materials…

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