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Science on the Seabed with SmartBay

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John Breslin, GM SmartBay, pictured at the launch of the subsea observatory on Galway Bay. Photo: Andrew Downes, xposure.

A key infrastructural element to support the maritime sector in Galway has been launched.

The SmartBay Subsea Observatory has begun feeding data from the seabed of Galway Bay to businesses, researchers, scientists and policy makers.

The SmartBay Subsea Observatory, supported by the Marine Institute, Sustainable Energy Authority of Ireland and Science Foundation Ireland,  is being used to collect valuable data from the ocean and will be a critical component of a world-class maritime infrastructure in Ireland.

Creating an infrastructure to support the blue economy is critical to the success of Ireland’s integrated marine plan, Harnessing our Ocean Wealth.

Galway  SmartBay General Manager John Breslin said: “the SmartBay observatory represents the Internet of Things for the marine. Thanks to the extensive underwater equipment we have installed, real-time data from sensors can be accessed through the web and analysed by researchers and companies trying to commercialise novel marine technologies.

“The information from the subsea observatory will accelerate developments in the marine sector and contribute to environmental monitoring, the development of ocean energy technologies, education and research as well as maritime security.  It is a hugely significant addition to Ireland¹s Digital Ocean IoT infrastructure.”

In 2015, the RV Celtic Explorer was used to lay a 4km cable and a frame was installed on the seabed to which sensors and monitoring equipment were attached as part of the development of the ocean observatory.  Now for the first time, the cable will supply power to the site and allow for unlimited data transfer from the site for researchers testing new and innovative marine technologies.

“The SmartBay subsea observatory will greatly enhance our understanding of the sea, the impact of weather and climate change, and how the sea reacts in various conditions and how our man-made products will react underwater.  The subsea observatory will essentially feed data from the sea floor up to the surface and this information will be vital to accelerate marine research, blue economy businesses and startups,” said Marine Institute CEO Peter Heffernan.

 

CITY TRIBUNE

Property prices see 8% drop

Enda Cunningham

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Asking prices for houses in Galway City have dropped over the past twelve months.

Asking prices for homes in Galway City fell by almost 8% over the past year – more than double the national rate – according to new research from property website Daft.ie.

The figures show that two-bed terraced and five-bed detached homes have been worst hit in the slump – with asking prices down by around one fifth.

The average asking price in the city at the end of June was €278,371, 7.8% down on twelve months earlier, while the county was down 1.8% to €200,802.

Nationally, the average listed sale price was €253,868 – down 3.3% on a year ago.

A breakdown of the figures for the city shows that asking prices for one-bed apartments dropped 16% year on year to €106,000; two-bed apartments at €133,000 (down 19%); three-bed semis at €197,000 (down 16%); four-bed bungalows at €351,000 (down 16%) and five-bed detached at €405,000 (down 21%).

Economist Ronan Lyons, who authored the report, said: “Market activity rebounded strongly in June, perhaps reflecting an element of pent-up demand carried over from April and May. This is particularly the case for sales, where over 5,200 homes [nationally] were listed for sale during the month, compared to roughly 2,000 in both April and May. Nonetheless, the figure remains below the total for June 2019.

“In the rental segment, however, significantly more homes were listed in June this year than last.

“The concern remains that policymakers see this as the underlying problem solved. While the new government may want to favour the construction of owner-occupied homes, the fundamental shortages are in the social and market rental segments and it is those segments that must be the focus for policymakers over the coming years,” said Dr Lyons.

For more, read this week’s Galway City Tribune.

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Connacht Tribune

SMEs set their sights on Euro expansion

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Kevin Moran of IMS Marketing accepting the ‘Excellence in Practice Silver Award’ from the European Foundation for Management Development, with Enterprise Ireland CEO Julie Sinnamon and Nan Gou, Programme Director, ESMT Berlin.

Irish entrepreneurs have the skills, products and services to break down barriers across Europe, according to one Galway-based marketing agency that is helping SMEs enter new markets.

Kevin Moran, Managing Director of IMS Marketing in Galway, said that this creativity and enthusiasm allows Irish entrepreneurs to punch above their weight in new markets.

He was speaking after his IMS Marketing was honoured for its ‘Enter-the-Eurozone’ Programme which has helped 19 SMEs break into Europe.

And he urged all SMEs to continue to set their ambitions on export markets as we emerge from the Covid-19 restrictions and revisit the challenges of Brexit.

Mr Moran said that IMS Marketing, along with its partners, Enterprise Ireland and ESMT Berlin, was delighted to receive the Excellence in Practice Silver Award’ from the European Foundation for Management Development.

“The vision for the ‘Enter the Eurozone’ Programme was to enable progressive Irish SMEs  to enter a new Eurozone market in a strategically led way,” he said.

“Export markets will be more important than ever for Irish companies and jobs as they now face the twin threat of Brexit and a post Covid19 economic recession.”

Accepting the Award’ from the EFMD, Mr Moran said that his company witnessed the strength of the Irish SME sector during the delivery of the award-winning ‘Enter the Eurozone’ programme.

For more, read this week’s Connacht Tribune.

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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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Connacht Tribune

Businesses miss out on restart grant

Stephen Corrigan

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Mr. Kenneth Deery. Photo: Andrew Downes, Xposure
CEO of Galway Chamber Kenny Deery

Just one-third of Galway business eligible for the Government’s Restart Grant have actually applied for the scheme which aims to bolster small enterprise as Covid-19 restrictions ease.

It was revealed this week that businesses in Galway City and County have received almost €4.5 million in grant aid under the scheme which offers grants of between €2,000 and €10,000 to commercial rates-liable enterprises.

To qualify for the €250 million scheme, businesses must have an annual turnover of less than €5 million; have 50 or fewer employee; and have a projected loss of revenue of 25% or more.

CEO of Galway Chamber Kenny Deery said there were many Galway businesses that had yet to apply for the grants, despite the fact that they were entitled to do so.

Only around 1,100 of the about 3,000 businesses in the city and county that may be due a pay-out have applied, and confusion over eligibility was contributing to that issue, he explained.

“Some businesses are of the view that they’re not eligible, but they need to realise that even if they only paid €500 or €1,000 in rates in 2019, they could still be eligible for €2,000,” he said.

Those who were in rates arrears were also entitled to the grant, said Mr Deery, adding that as long as a business had a rates liability in 2019, they could apply for the grant.

“The payment have just started being paid out to those who applied about two months ago, so it has been slow in terms of progressing those applications.

“What I would be saying to small businesses is that they would need to sell a lot of cups of coffee or a lot of sandwiches to make €2,000 or €5,000 in profit,” said Mr Deery.

For more, read this week’s Connacht Tribune.

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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