In this issue
Latest InterTradeIreland Business Monitor Reveals a Broader Recovery Across All Sectors
InterTradeIreland Innovation Lecture 2014 Focuses on Open Innovation
InterTradeIreland Helps Small Companies Generate New Export Sales
Oxymem wins All-Island Innovation Awards 2014
Annual Conference Addresses the Topic : Has There Ever Been a Better Time to Raise Equity?
Gem Oils wins Translinks tender thanks to InterTradeIreland Tender Initiative- Go-2-Tender
13th June- Belfast - Exporting Masterclass
30th June - Belfast - InterTradeIreland Business Ambassador Event
Various dates - Go-2-Tender workshops
Dates for your Diary
13th June- Belfast - Exporting Masterclass
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30th June - Belfast - InterTradeIreland Business Ambassador Event
Various dates - Go-2-Tender workshops
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Business Monitor
Latest InterTradeIreland Business Monitor Reveals a Broader Recovery Across All Sectors
 
Aidan Gough, Strategy & Policy Director, InterTradeIreland
Aidan Gough, Strategy & Policy Director, InterTradeIreland
The latest quarterly Business Monitor (January – March 2014) released recently by InterTradeIreland provides strong evidence of broad-based recovery with positive growth across all sectors and sales performance reaching pre-crisis levels. 

One of the most positive findings in the Q1 2014 report is with regards to employment. The majority of firms (80 per cent) continue to report stable employment levels but the number of firms saying that they increased employment is the highest in five years. Encouragingly, the construction sector, one of the industries most affected by the downturn, is one of the sectors most likely to be recruiting.

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Policy & Research
InterTradeIreland Innovation Lecture 2014 Focuses on Open Innovation
 
Professor Wim Vanhaverbeke

The first events of the 2014 InterTradeIreland All-Island Innovation Programme took place in Queen’s University Belfast and NUI Galway in May 2014. 

As part of the May Programme Professor Wim Vanhaverbeke (@wvanhave), Professor of Strategy and Innovation, University of Hasselt, Belgium  delivered an innovation lecture and 3 innovation master classes in both universities. 

During the programme Professor Vanhaverbeke, explored why the switch from closed to open innovation has proven to be more difficult than expected for many businesses, and how SMEs can most effectively use open innovation.
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Business Supports
InterTradeIreland Helps Small Companies Generate New Export Sales
 
Anna Taggart Yummy Bakes and Margaret Hearty InterTradeireland
Anna Taggart Yummy Bakes and Margaret Hearty InterTradeireland

InterTradeIreland has recently launched the next phase of its sales development programme, Elevate, which aims to help small businesses develop sales opportunities through first time cross-border exports. 

Through Elevate, InterTradeIreland provides sector-specific sales support across a range of sectors, including food and beverage, construction, engineering, as well as many others.  In the past two years, the programme has already helped 150 small businesses generating new cross-border sales of approximately £3million. 

Assembly Members - We would like you to make eligible companies in your constiuency aware of this support and encourage them to get in touch with us.



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Oxymem wins All-Island Innovation Awards 2014
 
Oxymem 2014 Winners
Oxymem 2014 Winners

UCD spinout firm Oxymem has won the overall 'Innovation of the Year' Award at The Irish Times InterTradeIreland Innovation Awards 2014 which was held in Dublin on Wednesday 9th April. 

The Athlone based firm has developed breakthrough technology for wastewater aeration. The company took first place in the 'Energy and the Environment' category and went on to compete against five other category winners to win the overall  'Innovation of the Year' award.

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Annual Conference Addresses the Topic : Has There Ever Been a Better Time to Raise Equity?
 
Grainne Lennon InterTradeIreland, Patrick Joy SureTank and Drew O Sullivan InterTradeIreland
Grainne Lennon InterTradeIreland, Patrick Joy SureTank and Drew O Sullivan InterTradeIreland

With more local venture capital funding available than ever before, innovative businesses in Northern Ireland and Ireland have now got greater access to equity funding.  

This was the message from the 13th InterTradeIreland Venture Capital (VC) Conference held in March at the Titanic Belfast, which brought together entrepreneurs, venture capitalists, business angels, investors and company representatives, to share insights into the array of funding options available to businesses.  

The conference is the only event of its kind on the island, and was attended by a record number of 350 delegates.

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SME in Focus
Gem Oils wins Translinks tender thanks to InterTradeIreland Tender Initiative- Go-2-Tender
 
Gem Oils
Gem Oils

Cavan-based Gem Oils was established in 1962 and has gone from strength to strength.  It now offers lubricants solutions to customers in every county, supplying oils and lubricant products to private and commercial users. 

 

The family-owned company operates out of custom-built manufacturing, warehousing and administrative buildings, concentrating on offering clients first-rate service with a dedicated customer focus, setting them apart from their competitors.  Gem Oils has the largest bulk storage capacity for lubricating oils in Ireland and with its own transport fleet and central location, it is perfectly positioned to service clients both North and South.

 

Gem Oils had a strong customer base across the island.  

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