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Doing business in Ireland
Doing business in Ireland - news from Celtar business consultants, business advisers Dublin and Ireland, curated by Billy Linehan
Curated by CELTAR Adviser
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Cautious welcome for new bank in Ireland for SMEs - Strategic Bank SBCI

Cautious welcome for new bank in Ireland for SMEs - Strategic Bank SBCI | Doing business in Ireland | Scoop.it

The new Strategic Bank, SBCI, will be a different beast. It will act as an intermediary between its capital providers, including the German State bank, KfW, the European Investment Bank, and our own Irish Strategic Investment Fund. Its goal will be to provide loans at below prevailing commercial rates to SMEs.

Finance Minister Michael Noonan has indicated that he expects that the SBCI will have a balance sheet of around €5bn after five years.

The pillar banks, in particular, will have a large pool of funds from which to draw. Small firm organisations will be pressing to ensure that these low interest funds reach the intended targets and are not siphoned off elsewhere.

According to Dermot O’Leary of Goodbody Stockbrokers, “the banks will be used as a distribution platform for these cheaper funds and must prove that the funds are solely used to lend to SMEs. The Government hopes that the SBCI (strategic bank) will lower barriers to entry to the market.”

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Kitman Labs upping the game in injury management

Kitman Labs upping the game in injury management | Doing business in Ireland | Scoop.it
Kitman Labs’ Injury Profiler has the backing of Leinster Rugby and premier league soccer clubs in the UK, and is now being trialled by some major league soccer clubs in the US, writes Trish Dromey.
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St Pat's owner makes a play for more State funding for Irish soccer

St Pat's owner makes a play for more State funding for Irish soccer | Doing business in Ireland | Scoop.it

Garret Kelleher is also the owner of St Patrick’s Athletic football club, the reigning League of Ireland champions.

He took part in a panel debate yesterday alongside Hugo MacNeill, the gilded former rugby international who is now Goldman Sachs’ papal nuncio in Ireland. The sports minister Leo Varadkar and Bernard Allen, a previous Fine Gael sports minister and chairman of the Irish Sports Council, were there too.

Talk turned to sports funding and how the State funnels taxpayers’ cash towards the various sporting organisations, and on what criteria.

Kelleher has propped up St Pat’s with millions of his own cash. He asserted there is a bias in State funding towards rugby and also the GAA, which owns nine of the 10 stadiums in Ireland with a capacity above 30,000 and retains exclusive use of them.

Kelleher argued that the Government should invest more money in soccer infrastructure.

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Shadow banking industry an instrument of social justice says John Bruton - his Jesuit education gone down the drain?

Shadow banking industry an instrument of social justice says John Bruton - his Jesuit education gone down the drain? | Doing business in Ireland | Scoop.it
IRELAND must not only be able to predict the development of another bubble, but develop the ability to say stop if it does happen, former Taoiseach John Bruton has said.

 

The financial services industry is a contributor to helping people to manage the risks of life, is socially useful and should be supported by both public opinion and policy makers.

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New music video from Hooligan Dublin - Cops And Robbers @irishmusicfeed

New music video  from Hooligan Dublin - Cops And Robbers @irishmusicfeed | Doing business in Ireland | Scoop.it
The official music video Tell your friends about us! Tweet … Read More >>
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SF and Independents pose a threat to business, say leaders - Independent.ie

SF and Independents pose a threat to business, say leaders - Independent.ie | Doing business in Ireland | Scoop.it
THE rise of Sinn Fein and other left-leaning political groups poses a strong challenge for the financial services industry in Ireland, it has been suggested.
CELTAR Adviser's insight:

Sinn Fein however are a centralist party in the Northern Ireland government yet play a more socialist card in the Republic. Which is true?

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Angel investors in Ireland

Angel investors in Ireland | Doing business in Ireland | Scoop.it
Whatever sum of money you may have to invest in an exciting start-up, beware of the substantial risk of loss
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How Personal Credit affects Small Business borrowing

How Personal Credit affects Small Business borrowing | Doing business in Ireland | Scoop.it
Unlike the CEOs of major public companies, whose personal financial situation has little effect on their companies’ borrowing, if you are a small business owner, your personal credit is a major factor influencing your company’s access to capital.

Via TechinBiz
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Progressive training's curator insight, May 28, 8:40 AM

How Personal Credit affects Small Business borrowing

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Irish Government procurement process ‘a shambles’ due to ‘untrained staff’ says new procurement tsar

Irish Government procurement process ‘a shambles’ due to  ‘untrained staff’ says new procurement tsar | Doing business in Ireland | Scoop.it

The government procurement process was a shambles, with untrained staff copying and pasting tender documents with no real understanding of what they were doing, according to Paul Quinn, the new chief procurement officer.

Mr Quinn has come from the private sector to help restructure and streamline the €9bn-a-year of government procurement which covers everything from bullets for the army to paper for schools.

Speaking at the Cork Chamber business breakfast, he said staff in public procurement lack the training to realise they are placing barriers in the way of SMEs when they simply copy and paste tender documents.

“We have a lot of people currently in the public procurement space who have limited training and limited experience. When they go to run a tender, sometimes what they do is copy and paste,” Mr Quinn said.

“It’s the easiest thing in the world, somebody else provided criteria on a competition for something; it’s great, just copy and paste what they did the last time. I’m sure that will be fine. What they may do is put a huge barrier for SMEs in terms of turnover requirements or assurances that they may not be able to fund.”

CELTAR Adviser's insight:

Well at least someone has called it as it is - now for action.

 

It is strange that all the procurement consultants never spoke up on this issue?

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CELTAR Adviser's curator insight, May 22, 11:17 AM

Well at least someone has called it as it is - now for action.

 

It is strange that all the procurement consultants never spoke up on this issue?

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Whither Irish dental health? | HSE letting down vulnerable dental patients says dentists

Whither Irish dental health? |  HSE letting down vulnerable dental patients says dentists | Doing business in Ireland | Scoop.it
The public dental health service is not doing enough to help primary school children, special needs patients and teenagers, the HSE Dental Surgeon group claims.
CELTAR Adviser's insight:

There's a huge gap in Irish health policy concerning dental healthcare.

The dental profession have been perceived as being more interested in profits during the Tiger years, Northern Ireland dentists offer much cheaper prices for equivalent procedures and the Department of Health offers very limited services via public dental healthcare.

 

 

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Billy Linehan of Celtar Advisers at the StartUp City facilitated conference in the Digital Hub last year

Billy Linehan of Celtar Advisers at the StartUp City facilitated conference in the Digital Hub last year | Doing business in Ireland | Scoop.it

Eoin K. Costelloe caught up with @BillyLinehan at Startup Dublin last week. pic.twitter.com/UdYRZu96dd

CELTAR Adviser's insight:

A hot day.

Dublin StartUp City Conference report at http://t.co/mjFQmEYmYU ;

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Irish Government set to publish construction/ housing plan ahead of elections

Irish Government set to publish construction/ housing plan ahead of elections | Doing business in Ireland | Scoop.it

he Irish Government is set to publish a construction/ housing plan today -- just over a week ahead of the local and European elections.

Despite an economic crash that followed the bursting of an out-of-control property bubble, construction and housing incentives remain inextricably interwoven with land and politics in Ireland.

An official leak on Monday revealed that in response to mortgage drawdown levels at a 42-year low, the State is prepared to partially guarantee mortgages for first-time buyers, up to 95% of loan-to-value (LTV).

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‘Shocked’ Gerald Kean lodges appeal over misconduct verdict - Independent.ie

‘Shocked’ Gerald Kean lodges appeal over misconduct verdict - Independent.ie | Doing business in Ireland | Scoop.it
Solicitor Gerald Kean has said he is “shocked” and “utterly rejects” the misconduct verdict handed down to him and is planning an appeal to the High Court.
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Credit still ‘key’ for Irish SME survival

Credit still ‘key’ for Irish SME survival | Doing business in Ireland | Scoop.it

Irish SMEs are growing strongly in terms of sales but, worryingly, only a third have reported an increase in profitability as a result.

The survey carried out by Bibby Financial Services Ireland found that out of 350 SME owners, 37% reported stronger trading conditions in the first quarter of 2014, compared with the previous quarter.

Nearly half of the companies who had seen their business improve were focused on the export market with only 35% of those who had seen an increase in the first quarter of the year concentrating solely on the domestic market.

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Atmosphere Dublin 2014 - our friend Eoin Costello of DIT Hothouse beats the drum for #StartUpIreland

Eoin Costello, Co-Founder of #StartupIreland, discusses the rise of startups as a critical pillar of the Irish economy and what it's like to be an entreprene...
CELTAR Adviser's insight:

#StartUp Ireland is an excellent initiative, though some commentators have said it is over reliant on promoting "official" business supports supported by government subsidies, partly government funded VCs and government funded Accelerators.

 

Surely the essence of entrepreneurialism is not to wait for government programmes but to plow ahead and do your own thing?

 

I would agree that "a dependency on government support is a bad habit to ingrain in Irish business culture".

 

What non-government funded supports and advice are available for startups?

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Enterprise Ireland launches another Competitive Start Fund! launched « MerrionStreet.ie

Enterprise Ireland launches another Competitive Start Fund! launched « MerrionStreet.ie | Doing business in Ireland | Scoop.it

Jobs Minister Richard Bruton today launched a new €500,000 Enterprise Ireland Competitive Start Fund targeted at stimulating new start-up business activity for graduates. This fund will provide for up to €50,000 in support for each successful applicant. The fund will open for applications on Wednesday 9th July and closes at 3pm on Wednesday 23rd July 2014. Applicants must have graduated with a FETAC level 8 qualification in the last 3 years.

 

CELTAR Adviser's insight:

More CSFs

 

Now there are Competitive Start Funds

for

- graduates

- females

- tech startups

- Lifesciences, Cleantech & Industrial

- aviation & manuafacturing

- ICT and industrial

 

 and the little brother Competitive Feasibility Fund 

for

- people from Cork, only €25K

- people from the West, only €25K

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Why UKIP is making the job harder for UK government to attract FDI #FDI

Why UKIP is making the job harder for UK government to attract FDI #FDI | Doing business in Ireland | Scoop.it
After last week’s elections multinationals are likely to find Ireland increasingly more attractive in a key area: access to the European market
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Bank of Ireland riding startup PR wagon - starts its own accelerator programme

Bank of Ireland riding startup PR wagon  - starts its own accelerator programme | Doing business in Ireland | Scoop.it
Bank of Ireland has announced the launch of the Bank of Ireland Accelerator Programme for start-up SMEs and entrepreneurs across all business sectors.
CELTAR Adviser's insight:

Should we admire the corporate chutzpah of one of Ireland's banks riding the startup PR wagon?

 A bank that mismanaged itself so badly that the Irish people had to save it with a bailout.

Now the bank is offering business advice to startups as part of a PR exercise. 

Usual "Europe's leading mentors" are involved in the initiative which is based in Cork.

 

Another small Accelerator adds little to Ireland's startup ecosystem - offering credit to the same  businesses does.

 

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Ibec chief dismisses economics of MEP Ming

Ibec chief dismisses  economics of MEP Ming | Doing business in Ireland | Scoop.it
The head of the country’s biggest business body has dismissed the economic policies of new MEP, Luke ‘Ming’ Flanagan.
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Mondelez Ireland and Northside Partnership team up to encourage community support from northside businesses

Mondelez Ireland and Northside Partnership team up to encourage community support from northside businesses | Doing business in Ireland | Scoop.it
Mondelez Ireland and the Northside Partnership have come together to stage a community event at the Cadbury factory in Coolock, designed to encourage north Dublin-based businesses to consider their role in supporting the local community, through corporate social responsibility projects.
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Happy - Pharrell Williams (From SEDA College exchange students in Dublin) - YouTube

 

Video recorded by international students in Dublin. Thank you so much for all people who made this video happens! :)

 

Students from all over the world clap along as they show how happy they are in Ireland

 

SEDA College students showed just how happy they feel in a YouTube video released at the weekend and already going viral overseas.

 

“Happy - From exchange students in Dublin” is made in the mould of the popular LipDub videos where students introduce their college while lip synching to a popular tune. The wacky film features Venezuelan burlesque dancers, Darth Vader, naughty nuns inspired by Temple Bar hen parties, a gay marriage, zombies in Hannibal Lecter masks, Heisenberg, Saint Patrick and a giant leprechaun.

 

The clip was shot by Brazilian film-makers Luciana Guimarães and Gustavo Korontai at their school – SEDA College, based in Dublin’s Capel Street.

 

The shoot involved over 40 students from all over the world who obviously had a great time dressing up, dancing and fooling around in front of the camera. And the video was made on a Saturday, so no classes were missed...

 

CELTAR Adviser's insight:

With all the bad news about some students in Dublin, its good to see that exchange students in Dublin are enjoying themselves!

 

SEDA College in Dublin's Capel Street is one of the leading language scholls in Ireland's capital.

 

www.seda.ie 

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3D printing and the Internet of Things

3D printing and the Internet of Things | Doing business in Ireland | Scoop.it
DCU’s decision to team up with TechShop means the latest 3D printing facilities will soon be available to everyone in Ireland
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Swords Fingal Chamber Celebrates 20 Years, where is Blanchardstown chamber of commerce?

Swords Fingal Chamber Celebrates 20 Years, where is Blanchardstown chamber of commerce? | Doing business in Ireland | Scoop.it

Swords Fingal Dublin Chamber celebrated the anniversary of it’s first meeting, 20 years ago, with a ceremony at the Maldron Hotel, Dublin Airport, on Thursda...

CELTAR Adviser's insight:

Blanchardstown chamber  of commerce was set up around the same time in the 1990s, and it is a shame for Dublin 15 businesses that it is no longer in existence. Eventually as D15 Chamber it was let run down, services dropped and members did not renew their subscriptions. The chamber instead of revitalising the chamber with new members then took the easier step of being taken over by the more ambitious Swords chamber.

 

Now Blanchardstown businesses are more often then not members of Dublin chamber of commerce - which is closer geographically then Swords and has many more services and facilities to offer.

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Offer, 30 Days to Kick Start your business in Dublin!

Offer, 30 Days to Kick Start your business in Dublin! | Doing business in Ireland | Scoop.it

We are providing you with a great opportunity to kick start your business in Dublin. Our Office Space, Virtual Office and Business Service Rates are reduced for the Next 30 Days Only

Don't miss out, contact a member of our team NOW!

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Richard Bruton appeals for more start-ups in Ireland

Richard Bruton appeals for more start-ups in Ireland | Doing business in Ireland | Scoop.it

Minister for Jobs, Enterprise and Innovation Richard Bruton made an appeal for more start-ups when he launched an online guide for SMEs in Dublin on Monday.

He was speaking in Tallaght, Dublin, where he officially opened the South Dublin Local Enterprise Office along with Minister for Communications, Energy and Natural Resources, Pat Rabbitte.

“The truth is that we need more start-ups. They are the life blood of any economy. Here we have a powerful alliance created between the old county enterprise board, the local authority and Enterprise Ireland to drive start ups in South County Dublin,” Mr Burton said.

He said it was time to invest in emerging companies that could create huge numbers of jobs.

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