Quarter three results for Enterprise Ireland-backed high-potential start-up companies show continued rise in number of new companies and jobsThe Minister for Jobs, Enterprise and Innovation Richard Bruton TD today [Wednesday] announced that 528 jobs will be created over the next three years in 32 new high potential start-up companies which have been supported by Government through Enterprise Ireland in the third quarter of 2011.
The announcement builds on the 755 new jobs announced earlier this year as part of the Q1 and Q2 results of Enterprise Ireland’s High Potential Start Ups programme, and once again shows an increase in both the number of companies and new jobs, compared with Q3 last year.
Making the announcement, Minister Bruton said:
“If we are to rebuild the economy and get jobs growing again, we must create an indigenous engine of growth. I have said before that while foreign direct investment must and will remain an important part of our economic strategy, indigenous businesses will be the key to achieving the levels of growth and employment that we need. Enterprise Ireland’s High Potential Start Up programme, which provides support to dynamic, high-growth companies in key sectors, is a central part of my plan to drive success in our indigenous businesses. I was happy to secure an increase in funding for this programme as part of Budget 2012, and I look forward to further expansion in future years.
“Today’s announcement that over 500 jobs will be created in high-growth indigenous companies supported by government in a three-month period is very good news. For the third quarter in a row, we are seeing an increase in new start ups and job creation in this programme. However we must be highly ambitious in this area, and in next month’s Action Plan for Jobs I will be looking at ways to provide further supports for indigenous businesses so that we can not only attract the next Google to Ireland but also seek to create the next Google in Ireland”.
Commenting on the announcement, Greg Treston, Head of High Potential Start Ups and Scaling at Enterprise Ireland said: ‘In Enterprise Ireland we are very encouraged by the number and quality of export-led new business start ups we are seeing. These are ambitious companies, with highly innovative products and business development strategies that are successfully building their presence in export markets. This year we have introduced a series of new Competitive Start Funds and a €10million International Start-Up Fund, all aimed at supporting these entrepreneurs in every way possible to expand, create jobs and contribute to our economic growth. An increasing number of mobile international entrepreneurs are coming to Ireland as their location of choice to start a new business. The environment for new business start ups is positive and already the pipeline for 2012 is strong”.
Examples of some of the new projects include: Company Name Product/Service Location Jobs
Animated Language Learning Ltd Pediatric language software development Galway 17
Clinical Support Information Systems Ltd Provision of IT & software development services to health providers Limerick 17
DeBonis Gaffney Software Ltd Web based software enabling SME businesses to manage, control & promote their business online Meath 22
Innovation Zed Ltd Research, development & distribution of medical devices Dublin 15
Renewable Energy Dynamics Technology Ltd Development & Commercialisation of a vanadium redox battery system Dublin 41
Senubo Ltd Design, supply and support of social business and knowledge profiling software Carlow 10
Tethras Technology Ltd Software development tools for mobile applications developers Dublin 16
Trimod Therapeutics Ltd Modulating the human immune system to identify and eradicate cancers Dublin 10
Vigill Vigill allows brands and businesses (systems) and their customers (humans) converse and self-serve intuitively in enterprise mobile applications Dublin 29
Mindconnex Learning Ltd Educational multimedia company Dublin 17
BoxPAY Mobile payment processing solution Dublin 21
Channel Mechanics Group Holdings Ltd Development & sale of sofware & services to enable enterprises improve efficiency of channel sales Galway 12
Ideal Binary Ltd Publisher of Interactive Books and Entertainment on mobile platforms. Dublin 12
Louet Wood Products Ltd T/A Sourcing Product Design International product development & product supply Dundalk,Louth 12
Kemartek Technologies Ltd Technology to clean industrial aqueous waste streams Limerick 12
Hotel Bedroom Solutions Ltd Design & fit-out services for Hotel Bedroom re-furbishment sector, with a strong Eco Friendly element and a focus on energy saving/carbon reduction Limerick 20
VendorShop Ltd Social e-commerce, facebook online stores Dublin 9
Scrazzl Web technology service for the life sciences sector Dublin 18
Sim Travel T/A Sim Local Mobile communication services, providing local SIM cards to air travellers for overseas usage Dublin 14
Cab Call Communications Ltd (T/A WINI Tech.) Development of an automated location based dispatch system - Primary Implementation in the Taxi Industry Dublin 13
Billfaster Ltd Software as a Service (SaaS) - Online accounting software for small/micro businesses Dublin 13
Rapt Holdings Ltd Development of optical multi-touch technologies Dublin 34
Profitero Ltd ICT services to assist retailers to maximize profits via actionable sales analytics Dublin 24
Total companies and total jobs 32 528 over three years