Daily Digest
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Three Irish companies win €7m in the latest round of Horizon 2020 SME Instrument (Sync NI)

Three grants amounting to €7 million have been successfully secured by three Irish companies in the most recent round of Horizon 2020 SME Instrument funding which received 1280 applications from all over Europe.  AuriGen Medical, Atxa Therapeutics and Metabolomic Diagnostics were among the 64 projects granted €110 million funding in this round with AuriGen Medical ranking at number one. All three Irish companies operate in the lifesciences field and are supported by Enterprise Ireland. The €7m funding is to further progress the developments of their innovations to be market ready.  Read more: 

Brexit border plan 'must be longer-term' says Tony Lloyd (BBC)

The shadow NI Secretary has said the government must take a longer-term approach in its Brexit customs proposals to avoid a hard Irish border.  Theresa May's cabinet agreed on a new proposal on Thursday.  Ministers signed off on the "backstop" that would see the UK match EU tariffs after 2020, if there is no deal on their preferred customs arrangements. However, Labour's Tony Lloyd said that was only a temporary continuation.  He added that there should be a fresh general election if the government cannot agree a permanent deal.  Read more: 

Portwest completes acquisition of second Australian company (Irish Times)

Westport-based speciality clothing company Portwest has completed the acquisition of its second Australian company as it expands its presence in that market.  The family-owned business has acquired Huski, a workwear brand, for €10 million to add to a previous acquisition in the Australian market.  While Huski was acquired in October last year, Portwest couldn’t state the name of the Melbourne-based company due to a non-disclosure agreement.  This acquisition is expected to more than double the Irish company’s turnover in Australia and New Zealand to €25 million by 2019, which will represent about 10 per cent of its overall business.  Read more: 

Kilkeel's fresh fish to be served direct to Middle East (Bel Tel)

Fish caught in the Irish Sea will soon be served on dinner plates in the Middle East thanks to a new deal with a Co Down co-operative.  Kilkeel co-operative fishing, processing and distribution group Seasource Ltd has announced an unprecedented partnership with an eCommerce focused holding company in the United Arab Emirates (UAE).  The Irish Sea Food Company will be a joint venture with the Abu Dhabi-based company which will feature Kilkeel-landed fresh fish and seafood in a new online catalogue as well as through numerous local supermarkets and restaurants.  Read more: 

Screen-sharing technology firm DisplayNote in £1.1m investment boost (Irish News)

BELFAST-based software start-up DisplayNote Technologies has been given another £1.1 million cash injection from the Bank of Ireland Kernel Capital Growth Fund, bringing the investor's total stake in the firm to £2 million.  Founded in 2012, DisplayNote builds technologies that make it easier for people to present, share and collaborate across large-format displays, desktop and mobile devices.  Its screen-sharing technology allows users to collaborate in various settings, from meeting rooms to lecture halls.  The company has already secured multi-million pound contracts with global blue-chip customers including NEC, BENQ and Sahara (which distributes its Montage system).  Read more: 

And finally…

Biscuitgate: Crunch time for Derry council as solution found to biscuit problem (Bel Tel)

A row over the number of biscuits provided to councillors at crunch meetings in Derry City and Strabane has been resolved.  'Biscuitgate' started after councillors attending meetings in Strabane found they were being given three biscuits - while in Londonderry's Guildhall each got just a single biscuit each.  While such inequality left some cheesed off, the row has been resolved after it was decided that councillors hobnobbing after meetings would in future make a contribution to charity every time they munched a biscuit.  Read more: