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Enterprise stats show East/West imbalance

Enda Cunningham

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Julie Sinnamon, CEO of Enterprise Ireland

The West is lagging significantly behind other regions in terms of job creation by Enterprise Ireland-assisted companies, new figures show.

It’s the latest in a series of official State and European reports which shows the massive economic disparity between the regions.

According to Enterprise Ireland’s Annual Report for 2013, a total of 959 jobs were created by their clients in the West region last year. That compares poorly to the likes of Dublin-Mid East (5,471); the South (3,188); the Border (1,338), but is slightly above the totals for the Midlands (820) and Mid-West (756).

But while there were almost 1,000 jobs created by EI-funded companies in the West last year, there were losses of 601.

The means there was a net increase of just 358 jobs, bringing the total for full-time employment to 10,485 – an increase of just over 3.5%. In Dublin-Mid East, there was a net increase of 1,584 (2.5%); in the South, the increase was 696 (1.8%); in the Midlands it was 549 (7.3%); in the Border region it was 306 (1.9%) and in the Mid-West it was 127 (1.2%).

For full-time employment totals for clients of EI, the West is almost bottom of the barrel at 10,485. Only the Midlands has a lower total, at 8,033.

Dublin-Mid East tops the league table at 65,294, followed by the South at 38,646, the Border 16,504 and Mid-West at 10,756.

Enterprise Ireland is the State organisation which helps to develop and grow Irish enterprises into world markets.

“The strong performance of our client companies and their capacity to continuously innovate, develop new products and services and win new export business against the toughest of international competition, represent a tremendous achievement,” said Julie Sinnamon, CEO of Enterprise Ireland.

“This success in the global marketplace has given rise to the highest net jobs creation recorded in the last decade.

“These companies are contributing hugely to the performance of the Irish economy. Driving continuous innovation and export growth leading to job creation right across the country will continue to be the major focus for Enterprise Ireland over the coming years,” said Ms Sinnamon.

 

Connacht Tribune

Galway start-up’s €3m investment

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Investment...Orreco CEO Dr. Brian Moore.

Galway-headquartered sports performance and data science company Orreco will scale its operations in Ireland, the United States and UK following a €3 million investment round led by Silicon Valley-based venture firm True Ventures.

The new investment will enable the Galway company to expand its product, engineering, data science and commercial teams, in addition to accelerating the development of its elite performance solutions, @thlete and FitrWoman.

Up to 30 new hires will be made across the company’s offices in Ireland, the UK, and the U.S., specifically Galway and Los Angeles where Orreco operates a performance centre. The company currently employs 30 people.

Its performance centres provide sports science and data solutions for professional sports teams and athletes including the US basketball NBA sides the Dallas Mavericks and Atlanta Hawks, NBA Champion and All-Star Pascal Siakam, English Premier League side Newcastle United and WSL club Chelsea FC Women, USA Swimming, and the Wasserman Sports Agency (Los Angeles).

Top golfers Padraig Harrington and Graeme McDowell became investors after experiencing the benefits of Orreco’s services first-hand.

For more, read this week’s Connacht Tribune.

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Connacht Tribune

State aiming to make remote work a reality

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Minister Hildegarde Naughton

Galway is expected to benefit from ‘significant investment’ in the development of remote working hubs later this year – as part of the Government’s new National Remote Working Strategy.

Legislation will be introduced by the end of September entitling employees to request remote working arrangements. And while there will be no automatic entitlement, employers will be required to explain why such arrangements are impossible.

If an employee is unhappy with the explanation, they can take a case to the Workplace Relations Commission for adjudication on the matter.

A total of €5 million has been allocated under Budget 2021 for the development of a national hubs network, while the Western Development Commission (WDC) is currently working on the development of 100 hubs in the Atlantic Economic Corridor region, which includes Galway.

Minister Hildegarde Naughton said that the strategy had the potential to transform local economies and the quality of life of thousands of employees in the west.

“The Covid-19 pandemic accelerated exponentially the move towards remote working, and we have responded to that trend by investing in broadband infrastructure and hubs in recent months,” explained the Galway West TD.

For more, read this week’s Connacht Tribune.

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Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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Three of Galway’s shining success stories reveal plans to expand in 2021

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Senator Aisling Dolan....good news.

Three of Galway’s start-up success stories have all gone into the New Year with expansion plans – creating around ten high-end jobs each in the process.

The continued expansion of these Enterprise Ireland-supported companies – based in the med-tech and new technology sectors – are a ringing endorsement of enterprise in the west, according to Galway Senator Aisling Dolan.

Palliare, a medical device company founded in 2018 as a spinout from Irish gastro-diagnostic company Crospon, has hired ten new employees in recent months.

Flexwork company, Ronspot intends to have a total of ten new employees on board by spring 2021, and has hired five people since September.

Ronspot – based in the GMIT Innovation Hub – is a technology company which enables the flexible workplace between office and home.

And Venari Medical – a spin-out from the BioInnovate Ireland fellowship programme for medical device innovation at NUIG – filled three new positions in October, with plans to recruit up to ten new employees in the coming months.

Senator Dolan described the jobs as a vote of confidence in graduates in the west.

“It shows that the dynamic MedTech research in the west has a strong ecosystem with third level underpinned by Enterprise Ireland and the seed capital investment support from the Western Development Commission,” she said.

“It is wonderful to see Irish innovation rising to the top, competing internationally and winning global export markets. Enterprise Ireland champions Irish based innovative companies and crucially supports early-stage development,” she added.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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