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InterTradeIreland supports to help your business through Covid-19
 

We in InterTradeIreland are acutely aware of the many unprecedented challenges that now face businesses across the island as a result of the Covid-19 outbreak and so in this month's ezine we want to highlight the key Covid 19 supports available to help your business through this crisis.  Stay safe and healthy!


 
 
Key government supports for businesses across the island
 
 

Support and advice is available for firms across the island to help your business navigate the current challenges. Check out our NEW guides that summarise the key government supports for businesses impacted by Covid-19 whether you are based in Ireland or Northern Ireland.


 
 
 
MORE NEWS
 
NEW Covid-19 Webinar series
 
 

InterTradeIreland has developed a series of six webinars to help businesses navigate their way through the key supports that have been put in place in both jurisdictions in response to Covid-19.

The webinars, delivered by PKF-FPM on behalf of InterTradeIreland, will take place on 6th,15th and 22nd May for NI firms and on 7th,14th and 21st May for firms in Ireland.  The events will focus on: 

  • Government Covid-19 Supports
  • Cashflow mgt and funding
  • Planning for recovery

 
 
First coronavirus collaboration platform launches
 
 

Companies aiming to help healthcare responses to the Covid-19 crisis can now collaborate via a new online platform. Spearheaded by InterTradeIreland and TechIreland, the cross-border platform allows businesses to see quickly, in and beyond their region, who they can work with to combat the many supply chain and manufacturing challenges generated by the pandemic and meet pressing public need.


 
 
Seedcorn 2020 competition now open
 
 

The competition that mirrors the real life investment process is now open for entries. Improve your ability to attract investment – benefit from free expert advice, €280k prize fund and networking opportunities with top investors on the island.


 
 
Help us, help you – InterTradeIreland’s response to Covid-19 business issues
 
 

InterTradeIreland is aware of the huge impact and challenges which the Covid-19 pandemic has caused for your business.  We want to be able to help and to tailor our supports if necessary.  To do so it is important that we have up to date information which can inform our supports and wider policy decisions on supports for business.  We would therefore really appreciate it if you could take two minutes to complete the short survey below.  


 
 
 
Upcoming Events
 
Financial Support in NI - Covid 19 webinar, 6th May, delivered by Zoom
 
 
 
Financial support in Ireland - Covid 19 webinar, 7th May, delivered by Zoom
 
 
 
Cashflow management and funding in Ireland - Covid 19 webinar, 14th May, delivered by Zoom
 
 
 
Cashflow management and funding in NI - Covid 19 webinar, 15th May, delivered by Zoom
 
 
 
Planning for recovery in Ireland - Covid 19 webinar, 21st May, delivered by Zoom
 
 
 
Planning for recovery in NI - Covid 19 webinar, 22nd May, delivered by Zoom
 
 
 
Seedcorn 2020 Information Sessions, April/May, delivered remotely by Zoom
 
 
 
Equity Advisory Clinics - various dates - delivered remotely via zoom
 
 
 
 
Tendering in the Public Sector Construction Market, 19th Feb, Nutts Corner
 
 
 
Equity Advisory Clinic, 25th Feb, Belfast
 
 
 
Cross-border trade at an all-time high
 
 

Fresh figures released this week by InterTradeIreland show cross-border trade reached an all-time high of €7.4bn/£6.5bn in 2018, despite uncertainty around Brexit.  This is also reflected in the findings of InterTradeIreland’s latest Business Monitor (Q4 2019), which illustrates over a third of firms in Northern Ireland buy from suppliers in Ireland. The economy remain positive – with the vast majority of firms either in growth mode (44 per cent) or stable (42 per cent).


 
 
Exemplar awards for five most innovative companies across the island
 
 
FUSION exemplars
FUSION exemplars

Five businesses across the island have been awarded 'Exemplar' status for outstanding innovation by InterTradeIreland's FUSION programme.  The innovations include 3D printed replica hearts, smart defense robots as well as innovations in construction and textile manufacturing. For SMEs wanting to develop new products or processes, FUSION offers funding of up to £56,000/€67,900 for firms to partner with a research institution and a graduate project manager.


 

InterTradeIreland’s FUSION programme has awarded “Exemplar” status to five businesses across the island.

 

At first glance, this small group of SMEs has very little in common, however dig a little deeper and you’ll discover they’re all bound by the thread of outstanding innovation, assisted by InterTradeIreland’s FUSION programme.

 

 

FUSION programme

 

FUSION supports business development by partnering companies with a research institution and a graduate project manager, that InterTradeIreland helps to fund. The graduate works directly with the business to deliver new products or improved processes over 12 to 18 months.

 

“All of these FUSION projects were in very different areas. We had everything from tech firms working in 3D printing and advanced robotics to construction firms and textile manufacturers.

 

“However, all of the SMEs involved were open to new products and processes. This is what the FUSION programme is about - giving firms the tools to boost their business through innovative collaboration,” says Alan Morrow, Operations Manager at InterTradeIreland.

 

Between them, the five businesses have reported sales of more than £2.2 million and savings of over £150K during their FUSION projects. Combined, they have anticipated sales of upwards of £14 million and savings of £400K over the next three years.

 

“Participating in FUSION has made a real difference to each of the firms in terms of developing and delivering new opportunities, new revenue streams and new efficiencies,” comments Alan.

 

About the companies

 

Belfast’s Axial3D started its FUSION project to improve its capability to print paediatric cardiac anatomy in 3D. It was partnered with Professor Kathleen Curran in UCD and paired up with graduate James Fitzpatrick. As a result of this cutting-edge collaboration, the firm has developed new technology, entered a new market and won new sales. This has led to its staff numbers growing from 14 to 24.

 

Reamda makes smart robots for the defence sector. Based in Kerry in Ireland, it joined forces with North West Regional College and graduate Thomas Coleman. This partnership helped Reamda increase its sales, develop its product range and win new work.

 

Hawthorn Heights in Eglinton in Northern Ireland specialises in the design and installation of play parks. It worked with Sligo Institute of Technology and graduate Ciaran Farren. This innovative injection,  helped the SME to double its turnover.  It has now had to move to bigger premises.

 

Building firm, O’Reilly Concrete in Cavan,  working with graduate Gurupad Guruprassad Bhat and Southern Regional College developed a new type of modular style wall panel for domestic homes, that improves insulation performance.

 

Hanna Hats is a third generation firm in Donegal that has been in business for nearly 100 years. The SME was partnered with North West Regional College and graduate Rachel Blackensee. The trio introduced new technology and a new product range, which has helped to re-assert Hanna Hats as an exclusive manufacturer in international markets.

 

Interested?

 

Do you have an innovative product or process you want to develop?  Visit our FUSION website for more information.

 

 

 
 
Equity Advisory Clinic, 27th Feb, Dublin
 
 
 
Venture Capital Conference, 5th March, Belfast
 
 
 
Business Monitor
 
 
 
Venture Capital Conference 2020 - special discount rate of 25% available
 

Are you an entrepreneur looking to secure investment? We will have venture capitalists, business angels and investors from across the island together in one room on Thursday 5th March in the Crowne Plaza Belfast. Come along and benefit from invaluable networking opportunities, get up-to-date with the current investment scene on the island, find out which sectors are expected to emerge and predictions of how things may look in 2030.

 


 
 
Co-Innovate Information Sessions - various locations - Feb
 

Find out more about €150,000 Innovation Project Funding available 


 
 
Why open innovation can accelerate your business
 

What you see as a problem, others could see as a solution”, that’s the advice from leading expert Professor Nuran Acur on why businesses should collaborate openly with partners and industry. In the third of the ‘Innovation Station’ podcast series, the award winning scholar shares insight and practical advice on how to unravel ‘ the collaboration conundrum’.


 
 
Ten tips to help small businesses export to success
 

As we enter a new decade, small business owners will be looking for new opportunities and ways to increase sales and grow their business.

Exporting is one option to seriously consider as it can significantly help firms to increase turnover and enhance business performance. For a first-time exporter trading , Northern Ireland or  Ireland is the perfect place to begin, writes Alison Currie from InterTradeIreland. Here are ten useful tips to get you started.

 


 
 
Avail of up to €150k Innovation project funding as well as salary support
 
 

Do you have a new product, process or service you want to develop? The Co-Innovate programme has up to €150k funding available to bring your idea to life as well as salary support to hire an expert to deliver the project.   Come along to one of our FREE information sessions in January and February to find out more.


 
 
Futurescope- exploring the business implications of emerging technologies
 

FutureScope, the annual event where entrepreneurs, technology leaders and industry come together to explore the impact of emerging technologies on business returns to the Convention Centre Dublin on Wednesday, 1st April 2020.  This one-day event will include keynotes exploring the implications of emerging technologies and how they will shape the business opportunities of the future; multiple panel discussions exploring the challenges and opportunities arising from IoT, smart cities, robotics, 5G, data analytics, VR/AR, artificial intelligence and more.