In the newest installment of our series focused on Irish businesses that have successfully entered the Canadian market, we’re excited to share ReaDI-Watch’s story. Dave Byrne, Chief Executive Officer and Co-Founder discusses the company’s plans for Canada and why he chose the country as part of ReaDI-Watch’s global expansion.
Q: Tell us about your organization and how you’re bringing it to Canada?
ReaDI-Watch is a data-driven platform for companies to embrace innovation and R&D to unlock their potential. Our products provide businesses with seamless management tools for Innovation, R&D, Technology Development, IP, Grant funding and R&D Tax Credits, all in one platform. We are expanding into Canada by working directly with innovative customers like MagrowTec, and Innovation / R&D partners who use our technology to deliver their services, like Inspired Corporate Advisory. Innovation and R&D are very prevalent in the Canadian market. Yet, many companies struggle with the support, ecosystem and return on investment for innovation and R&D. We’re looking to help change that through the deployment of our platform in this market, to make a step-change in the effectiveness and impact of the research & Innovation ecosystem.
Q: Why was Canada an ideal place for expansion for your business?
Canada has a rich ecosystem of innovation and R&D, with many Canadian-owned businesses engaging in technology development to grow, but often lacking streamlined tools & processes to maximize impact and efficiency. If you combine these characteristics with the similarity to Ireland/UK in terms of grant funding, scientific research, and experimental development, it becomes clear why Canada has been a target market for us since we incorporated the business!
Q: Since launching in the Canadian market – what have you found most surprising about doing business here versus other markets?
We have found that people are open to trying out the software here! People are happy to jump on a call and try and position the app within their business.
Q: What are your growth plans for Canada in the next 2-5 years? Is there anything in particular that you are excited about?
We’re really excited about the partnership opportunities to scale here in this North American market. We’re looking to set Toronto up as our North American Hub and hope to hire a team here as a springboard to our next growth phase.
Q: What advice would you impart on other businesses looking to come to Canada too?
The Irish network is excellent here. Get in touch with Lydia Rogers, Enterprise Ireland’s Country Manager & SVP, and the team before you come over, and they’ll connect you seamlessly!