Molten Ventures, a European venture capital firm, has launched a new fund to invest in high-growth tech companies based in Ireland. The fund has a value of €50m after its first close, and the figure is expected to increase after an additional syndicated partner joins. Existing shareholder ISIF, or the Ireland Strategic Investment Fund, has […]
The European Commission (EC) issued a proposal for a Council Directive for tax procedures providing for the ‘Faster and Safer Relief of Excess Withholding Taxes (FASTER)’ initiative. The aim of the proposal is to make withholding tax (WHT) procedures in the EU more efficient and secure for investors, financial intermediaries, and local tax
As part of its Pan European expansion plan, Integrity360 has acquired leading European PCI QSA (Payment Card Industry Qualified Security Assessor) and cyber security services company Advantio. The acquisition will enable Integrity360 to expand further into continental Europe and provides an additional cyber services practice focused on PCI compliance – complementing
Minister of State for Business, Employment and Retail, Neale Richmond, and Minister of State for Trade Promotion, Digital and Company Regulation, Dara Calleary, launched Ireland’s Artificial Intelligence (AI) Standards & Assurance Roadmap. This roadmap is a key deliverable of Ireland’s National AI Strategy to develop and utilise Artificial Intelligence for the benefit
IDA Ireland has appointed Rachel Shelly to the role of Divisional Manager, Life Sciences & Food and Talent, Transformation and Innovation. Shelly will play a key leadership role in IDA as she also joins IDA’s Executive Leadership team. Shelly joined IDA Ireland in 2006 where she spent 5 years based in IDA’s New York office, […]
Charles River Laboratories, a global provider of drug discovery and non-clinical development solutions, announced the completion of a €10m expansion of its testing capabilities at its Ballina, Co. Mayo site. The new Nearly Zero Energy Building (NZEB) certified space provides an additional 1,500m2 of lab space and creates up to 70 new skilled roles over […]
The Tánaiste and Minister for Defence, Micheál Martin visited the Curragh, Co Kildare, to review the impact of the record allocation of €55m towards improving Defence Forces buildings under the Defence Forces Infrastructure Plan. Since the Tánaiste was appointed as Minister for Defence he has visited Barracks across the country, witnessing significant infrastructural
Rubrik, the Zero Trust Data Security Company, has officially opened its new office in Cork, Ireland, as part of its continued investment in the region and wider mission to secure the world’s data. Rubrik was joined by Minister for Finance, Michael McGrath TD, for a ribbon cutting ceremony as well as Chief Customer Officer, Giri […]
XOCEAN, the leading provider of carbon-neutral ocean data, has announced the creation of 300 new jobs as part of its strategic growth plan. The jobs announcement comes as the XOCEAN team welcomed Minister of State for Trade Promotion and Digital Transformation, Dara Calleary, to mark the official opening of its new Technical Centre near Carlingford, […]
Ireland’s new media regulator and media development agency, Coimisiún na Meán has launched a recruitment campaign for senior staff members to join its team. Established to build on the work of its predecessor, the Broadcasting Authority of Ireland, the new commission is recruiting for director and managerial roles in a range of key areas to help it […]
The Digital Learning Institute (DLI), a provider of digital learning courses and upskilling programs, announces that it has successfully raised €1.8 million in investment from the Davy EIIS Fund, Enterprise Ireland, and private investors from the digital learning industry. Commenting on the investment, DLI founder John Kilroy said the investment would allow the
SuperNode announced plans to continue its growth in Ireland through an investment of more than €40 million. This R&D initiative is intended to design, develop and manufacture High Temperature Superconducting (‘HTS’) cable systems. SuperNode is supported by the Irish Government through IDA Ireland. SuperNode, is a technology company with 60+ staff operating out its
Mayo-based renewable energy developer Mercury Renewables has submitted the first-ever Strategic Infrastructure Development (SID) planning application to An Bord Pleanála for a €200m utility-scale integrated wind farm and green hydrogen project. The planned development would produce 4.5m kilograms of green hydrogen per year once fully operational in what would be a
Taoiseach Leo Varadkar, Tánaiste Micheál Martin, and Minister for the Environment, Climate and Communications and Transport, Eamon Ryan, have launched a review of the Government’s Global Ireland strategy which shows it has helped Ireland to deal with recent global challenges more effectively. The Taoiseach published the Global Ireland strategy in 2018 with the aim of […]
RWS Holdings has announced the acquisition of Dublin-based Propylon, a provider of content creation, management and publishing solutions for the government, legal, assurance, audit and publishing industries. Over the past 20 years Propylon has been helping governments standards bodies, legal publishers and regulated firms to solve the complex content challenges involved in
UtilityInnovation Group (UIG), a leading US-based provider of advanced energy solutions, has announced the strategic acquisition of Enicity, a leading advisory firm specialising in the application of innovative energy technologies in modern power systems based in Ireland. Following the minority investment by Gothenburg, Sweden based Volvo Penta in April, the acquisition
The Minister for Finance, Michael McGrath TD, has announced the development of the first National Financial Literacy Strategy for Ireland. The Minister made the announcement following the launch of the Competition and Consumer Protection Commission’s (CCPC) report on ‘Financial Wellbeing in Ireland: Financial literacy and inclusion in 2023’. Speaking about the strategy,
Minister for Further and Higher Education, Research, Innovation and Science Simon Harris and Minister for Enterprise, Trade and Employment Simon Coveney launched a new platform, Microcreds.ie, to assist people upskilling and reskilling. Over 300 short, flexible and accredited courses are available through the platform from seven institutions to address skills needs of
The Government has agreed to the allocation of €200,000 in additional funding per year for two years to Mayo County Council to advance the development of the Strategic Development Zone (SDZ) at Ireland West Airport Knock (IWAK). The funding will be used to put in place dedicated project management, and subsequent engagement of external expertise, […]
Electric vehicle (EV) charging start-up Go Eve has secured €3.5 million in its first funding round, valuing the business at nearly €15 million. The company’s “DockChain” technology aims to make high-power DC charging cost-competitive with lower-power AC charging options. DockChain achieves this by extending the reach of single rapid chargers to service multiple parking