Number of start-ups rises 8pc in Q3, company insolvencies down 25pc – Vision-net

A total of 9,327 company and business start-ups were recorded this quarter – up 8pc on the same period in 2012 – showing an average of 108 start-ups per day, according to figures from Vison-net. Of these, 5,727 were registered business names while 3,600 new companies were incorporated, up 16pc on the same period last year. Almost 4,600 people have become director of Irish companies for the first time this quarter. Based on an analysis of almost 4,600 appointments this quarter, the average age of a first time company director is 42, with men accounting for over 60pc of first time appointments. In September alone over 890 people have become…

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Dublin Chamber & Web Summit Host Workshop for SMEs

Dublin Chamber of Commerce and the Web Summit will host a one-day trading online workshop for small to medium-sized companies on the eve of Europe’s biggest tech event. Entitled ‘Basecamp,’ the workshop will provide businesses with expert advice and insights from digital leaders at Google, PayPal, and Facebook. The event will take place at the Aviva Stadium on Tuesday, 29 October. Irish consumers currently spend about €3.7bn per year online, and it is expected to grow to €5.7bn by 2016. However, only a quarter of current online sales goes to Irish businesses, and just 23pc of Irish SMEs are trading online. International research shows that SMEs who adopt online trading…

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New web portal MyMoney reveals 91pc of Irish employess are in financial stress

A survey by Amarach Research commissioned by newly launched web portal MyMoney has revealed that 91pc of Irish employees are in financial stress with 57pc reporting its impact on their ability to do their jobs. When employers were asked about financial stress and its effect on their employees – 78pc of managers believed financial stress was having a direct impact on productivity. MyMoney estimates that financially stressed employees absenteeism costs €850,000 daily in Ireland, or a total of €2.1bn a year. Launched today, 24 September, and founded by Liam Croke, MyMoney is a web portal providing employers with a resource for employees to take control of their personal finances. It…

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Tourism start-up Keyquests creating 10 jobs

Founded in February this year by Gillen Joyce, Cork-based Tourism start-up Keyquests has already created six full time jobs and is currently recruiting for a further four positions. Keyquests is a tourism technology application that uses location based marketing to enhance the experience of tourists in Ireland, and to connect various attractions and locations to each other through features and offers. “The concept behind Keyquests came to me when looking through holiday photo albums last year.  Photos tell one story, but technology allows us now to tell our own unique stories and to create and share our experiences online,” explained Joyce, who s also the founder of Titanic Experience, Tregan Crafts…

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SMEs need to start SEPA preparations now – Perry

Minister for Small Business John Perry TD

Irish SMEs need to start their Single Euro Payments Area (SEPA) preparations now to ensure they’re compliant before the 1 February 2014 deadline, Minister for Small Business, John Perry TD, said today. He was speaking following a presentation to the Advisory Group for Small Business on the implications for businesses if they are not SEPA compliant by that date. SEPA is an initiative within a 32-country European zone, which will mean a common way of processing electronic credit transfers, payments and direct debits. It will change the way euro electronic payments are processed across Europe. It will mean that businesses can make and receive payments seamlessly, collect a direct debit…

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DIT students to represent Ireland at global competition in Hong Kong

Conor Bennett, Stephen Tyrrell, Henry Daly, and Darren Bratten

Four product design students from Dublin Institute of Technology (DIT) are to represent Ireland in a global business competition taking place in Hong Kong. They are heading with 30 other teams from 16 countries in the ‘Global Student Challenge’ competition, which includes students from India, China, Canada, Australia, Vietnam, the US and the UK. The DIT students were selected on the basis of their business plan for an image processing unit, called ‘Strata Vision,’ used in clean rooms when factory staff are putting on protective clothing. The unit, linked to scanning devices and external servers, can help prevent contamination within the pharmaceutical, medical device, semi-conductor and food manufacturing industries. By…

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SolveMyLegal.com aims to help people to ‘shop around’ for solicitors

A team of legal, accounting and IT professionals has come up with a new free online service, SolveMyLegal.com, designed to help consumers find the most suitable solicitor to meet their legal needs. Founder and CEO of the project David Reilly is a practising solicitor with over 15 years’ experience working in the UK and Ireland. He is now running his own commercial law practice, Reilly & Co in Clonakilty in West Cork. “Shopping around for the best solicitor at the best price is something that is becoming more the norm, but it is difficult and time consuming,” he said. “With our unique service we believe we can drastically improve consumers’…

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HealthXL global event in Dublin features seven revolutionary start-ups

Seven healthcare start-ups from around the world pitched next generation technologies with the aim of securing investment at the HealthXL Dublin Global Gathering Investor Day in Trinity Biomedical Building in Dublin yesterday. The entrepreneurs came from Finland, the US, Australia, Ghana, Canada and Ireland and pitched to angel investors including Silicon Valley Banks and Delta Partners as well as HealthXL mentors and the start-up community. The two start-ups from Ireland were Sense of Skin, a technology-enabled programme to help people with sensitive skin to avoid unsuitable health and beauty products and Nutritics, a tracking and analysis programme for diet and nutrition. As part of the event, HealthXL announced Silicon Valley Bank…

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37 researchers complete UCD commercialisation bootcamp

UCD commercialisation bootcamp

Thirty-seven researchers have just completed a new five-week commercialisation bootcamp designed to strengthen the pipeline of commercial opportunities arising from UCD and National College of Art and Design (NCAD) research programmes. Devised and delivered by the staff of UCD’s office of the vice-president for innovation, the programme was held in the university’s centre for new ventures and entrepreneurs, NovaUCD. The objective of the bootcamp, which will run twice a year, is to equip academic researchers, staff and postgraduate research students with the knowledge, skills and understanding of the commercialisation process. On completion, it is intended that participants will have developed a solid awareness of what it takes to build a…

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European Investment Bank to provide €200m for Irish SMEs with AIB

European Investment Bank

The European Investment Bank (EIB) has agreed to work with AIB in providing €200m for investment by small and medium companies across Ireland. This represents the latest EIB support for SMEs in Ireland since an earlier lending programme intermediated by AIB in 2011. The SME initiative, the largest ever engagement by the EIB to support Irish small business, was signed at AIB headquarters in Dublin, today by AIB chief executive David Duffy and EIB president Werner Hoyer. The Minister for Jobs, Enterprise and Innovation Richard Bruton TD also participated. “Today’s announcement that the EIB along with AIB will provide an additional €200m for SMEs in Ireland is a major boost…

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