Ces entreprises soutenues par l’Irlande apportent la beauté verte de l’Île d’émeraude à votre domicile.
Bien que Plastic Free July soit terminé, il n’y a pas de meilleur moment pour passer à une marque de produits de beauté durables. Plastic Free July (tous les sites sont en anglais seulement) est une initiative mondiale visant à réduire l’utilisation du plastique à usage unique en encourageant les gens à adopter des produits plus respectueux de l’environnement.
Si l’Irlande est souvent associée au pays des saints et des savants, elle abrite également certaines des entreprises de produits de beauté les plus innovantes et respectueuses de l’environnement. Au fil des ans, Enterprise Ireland, l’agence irlandaise pour le commerce et l’innovation, a aidé ces marques respectueuses de l’environnement à passer du statut de marques connues en Irlande à celui de marques favorites aux États-Unis et au Canada. Ces produits vous permettront d’améliorer votre routine de beauté (du blanchiment des dents à la lotion bronzante et à la lotion pour le corps) sans laisser tomber la qualité.
Huile multitâches Modern Botany de Modern Botany – 54,04 CAD
Développée à West Cork, en Irlande, l’huile multitâche de Modern Botany est formulée avec cinq ingrédients actifs naturels et des huiles essentielles aromatiques pour nourrir, hydrater et améliorer efficacement l’apparence de la peau et des cheveux. Les actifs curatifs contiennent des propriétés anti-inflammatoires et antimicrobiennes pour calmer et apaiser les peaux les plus sensibles.
Ensemble cadeau Because You’re Amazing de The Handmade Soap Company – 69,11 CAD
The Handmade Soap Company a transformé une ancienne fabrique de lin du village de Slane, en Irlande, en une merveille de beauté indépendante de l’énergie. Leur ensemble cadeau Because You’re Amazing ajoute un magnifique parfum de citronnelle et de bois de cèdre à votre routine avec leur gel douche, leur lotion pour le corps et leur crème naturelle pour les mains, pour que votre peau se sente aussi bien que vous l’êtes.
Base de bronze de Sculpted by Aimee – 33,93 CAD
La marque Sculpted by Aimee, basée à Dublin, a lancé un programme de recharge pour sa base de bronzage Bronze ainsi qu’un nouveau programme de récompenses qui encourage le recyclage : ReSculpted. Grâce à leur partenariat avec Terracycle, les clients du monde entier peuvent retourner cinq produits Sculpted après utilisation pour gagner des points et planter un arbre. La Base de Bronze est un produit de bronzage pour le visage qui garantit une peau bronzée et éclatante pendant la nuit, tout en hydratant et en nourrissant votre peau avec de l’acide hyaluronique et de la vitamine E.
Ensemble Conscious Oral Care de Spotlight Oral Care – 43,98 CAD
Les sœurs irlandaises Lisa et Vanessa Creaven ont transformé leur expérience de dentistes en un phénomène de soins bucco-dentaires axés sur la durabilité. L’ensemble Conscious Oral Care de Spotlight Oral Care comprend un dentifrice blanchissant dans un emballage complètement recyclable, de la soie dentaire complètement recyclée et une brosse à dents en bambou entièrement recyclable et naturellement antibactérienne!
Huile autobronzante Tan Organic de Tan Organic – 50,26 CAD
L’huile autobronzante Tan Organic, basée à Kildare, en Irlande, est un produit de bronzage révolutionnaire, une première mondiale. Comme tous les produits Tan Organic, l’huile autobronzante est certifiée écologique, approuvée par Leaping Bunny, certifiée végétalienne et formulée à partir d’ingrédients entièrement naturels et biologiques. Tan Organic a récemment changé son image de marque et un nouvel objectif a surgi de sa nouvelle apparence. Pour chaque bouteille vendue, Tan Organic finance la récupération d’un litre de plastique dans l’environnement.
Pour en savoir plus sur les innovateurs irlandais du secteur de la distribution, contactez Emma Shaw.
The US and Canada are tackling major questions around climate change, creating more versatile green spaces, and defining the future of work. As we envision urban planning in a post-COVID world, the shifting attitudes toward commuting, sustainable living, and the development of bike-friendly cities across North America have gained new importance.
In a recent webinar titled The Future of Bike Lanes and Trails, Enterprise Ireland explored the future of sustainable transportation and infrastructure planning through the lens of bike lanes and trails, featuring thought leaders in the space and award-winning Enterprise Ireland supported company, Multihog.
Multihog manufactures a range of multi-purpose sweepers and tractors for various sectors including airports, local authorities, highways, bike lanes, and greenway management. Multihog products are renowned for their innovative design, robust build, and powerful performance, and today are sold worldwide through a network of almost 100 dealers.
The webinar was moderated by Joe Gorman, US Market Executive, Enterprise Ireland, and featured insights from:
- Ben Anderson, Street Commissioner, City of West Lafayette
- Caron Whitaker, Deputy Executive Director, League of American Bicyclists
- Michael Ferris, US Sales Manager, Multihog
The webinar addressed such topics as:
- Urban planning in the post-COVID 19 era
- The current state of bike-friendly cities in the US and Canada
- Maintenance and safety of bike lanes and trails
- Looking to the future: regulatory and legislative change
- The creation of sustainable cities across North America
Watch the full discussion here.
To learn more about Irish Industrial innovators contact Joe Gorman
These Enterprise Ireland-supported companies are taking green beauty from the Emerald Isle to your home.
While Plastic Free July has come to an end, so there is still no better time to make the swap to a sustainable beauty brand. Plastic Free July is a global initiative to reduce the use of single-use plastic by encouraging people to make the switch to environmentally conscious products.
While Ireland is often known as the land of saints and scholars, it is also home to some of the most innovative, environmentally conscious beauty companies. Over the years, Enterprise Ireland, Ireland’s trade and innovation agency, has helped these eco-friendly brands go from household names in Ireland to favorites in the US and Canada. These products will take your entire beauty routine – from teeth whitening to bronzer and body lotion – to a greener place without sacrificing quality.
Modern Botany Modern Botany Multi-tasking Oil – 54.04 CAD
Based out of West Cork, Ireland, Modern Botany’s Multi-Tasking Oil is formulated with 5 natural active ingredients and aromatic essential oils to effectively nourish, hydrate, and improve the appearance of skin and hair. The healing actives contain anti-inflammatory and anti-microbial properties to calm and soothe even the most sensitive skin.
The Handmade Soap Company – Because You’re Amazing Gift Set – 69.04 CAD
The Handmade Soap Company has taken an unused linen mill in Slane Village, Ireland, and turned it into an energy-independent beauty wonderland. Their Because You’re Amazing Gift Set brings the gorgeous scent of lemongrass and cedarwood to your routine with their natural shower gel, body lotion, and hand cream, to make your skin feel as amazing as you are.
Sculpted by Aimee Bronze Base – 33.93 CAD
Dublin-based Sculpted by Aimee has launched a refill program for their Bronze Base Face Tan as well as a new rewards program that encourages recycling – ReSculpted. Through their partnership with Terracycle, customers globally can return any 5 Sculpted goodies once done with them to earn points and plant a tree. Bronze Base is a fuss-free facial tanner guaranteed to give you bronzed, glowing skin overnight while hydrating and nourishing your skin with Hyaluronic Acid and Vitamin E.
Spotlight Oral Care Conscious Oral Care Kit – 43.98 CAD
Irish sisters Lisa and Vanessa Creaven took their experience as dentists and transformed it into a sustainability-oriented oral care phenomenon. The Spotlight Oral Care Conscious Care Kit includes a 100% recyclable packaged Whitening Toothpaste, 100% recycled Dental floss, and a 100% naturally antibacterial recyclable Bamboo Toothbrush!
Tan Organic – Tan Organic Self Tan Tan Oil – 50.26 CAD
Kildare Ireland-based TanOrganic Self-Tan Oil is a revolutionary world-first tan product. Like all TanOrganic products, the Self-tan Oil is Eco-Certified, Leaping Bunny Approved, Vegan Certified, and formulated using 100% natural & organic ingredients. TanOrganic has recently rebranded, and with their new look came their new purpose. For every bottle sold, TanOrganic are funding to recover 1LB of ocean-bound plastic from the environment.
To learn more about Irish Retail innovators contact Emma Shaw
With the imminent launch of Expo Dubai in October, Conor Fahy, Regional Director for India, Middle East, and Africa at Enterprise Ireland marked the 100 days to go milestone by focusing on the opportunity from a business perspective. Expo will act as a catalyst for opportunities for business in the country with the wider ripples being felt across the region.
With 100 days to go until the doors of Expo in Dubai open to the world, it will mark an important milestone for Dubai as the host city, but it will also be a key global moment of significance following the pandemic halt to travel and the disruption to our normal way of life.
2020 challenged us all and none more so than in the business world where many companies faced a range of unprecedented challenges from facing closed workplaces through to falls in demand and supply.
As governments around the world managed the unfolding public health emergency posed by the pandemic, they equally had to balance the growing economic challenges by devising revised policy initiatives, measures, and therefore implementing the required support measures to businesses in need to navigate through this immense challenge.
With these challenges in place, the Irish economy withstood the negative impact generated by the pandemic and actually saw growth in 2020 of 3.4 percent, making Ireland the only country in the European Union to experience growth whilst others faced various forms of contraction that averaged around 6.8 percent.
Our businesses continued to experience demand for their Irish innovation coming in the form of their highly regarded expertise, sought after solutions, and world leading products. This remarkable level of growth, against the pandemic backdrop was driven largely by the export sector, which experienced record growth of over 6 percent with big increases in the exports seen in medical equipment, pharmaceuticals and computer services.
With life slowly returning towards some form of normality month after month, the global economic recovery is underway with the global business community driving at pace to put into place growth plans with more reassuring certainty.
We can feel rightly more optimistic about the future ahead. With Expo beginning in 100 days’ time, it will mark a significant milestone for Dubai, the country, and the wider region to ensure we seize the many business opportunities that will arise from the global event.
With the importance of the Expo pre-pandemic being held for the first time in the region, it marked a great achievement for Dubai and the country to be awarded as host for 2020, which forecasted to experience around 25 million visits.
The pandemic forced Expo to postpone by a year like many other key global events, it will now hold more significance than ever before as the world recovers driven by the global vaccination effort that has been underway. Expo will be one of the very few events on the global calendar that will bring the world together.
For Ireland, it represents an opportunity to share with the world several of our strengths that we have become synonymous for. Our national pavilion theme – Island of Inspiration – will present Ireland as an unrivalled place of inspiration, with a long and deeply rooted heritage of ingenuity, imagination and innovation.
Visitors will have the opportunity to be immersed into the over 5,000 years of Irish heritage, our scientific innovation, feel inspired by Ireland’s world changers, trailblazers, and diversity, and travel through time to experience the modern-day Global Ireland on the world stage.
Expo, from a business perspective, will act as a catalyst for opportunities for business in the country with the wider ripples being felt across the region. Over the duration of Expo, we are proud to say, Ireland will bring trade delegations to build further on the year-on-year Irish business success in the UAE.
In the backdrop of an extremely challenging year, Irish innovation in the UAE remained in demand witnessing 12 percent growth in Enterprise Ireland – the Irish Government’s trade and innovation agency – backed companies exports to the country, even more remarkable when considering that the global trade community collectively fell by over 5 percent.
For Enterprise Ireland, we are focused on the business opportunities that are enabled through the Expo and its convening power – we will be showcasing the Irish innovation that is in the DNA of our companies across a range of sectors and which is being adopted here in the region and worldwide to solve challenges, build greater productivity and competitive advantage, and helping to create a greener, more sustainable future.
Both Ireland and the UAE share a passion for innovation which is driving the future of our countries, both have the flame of entrepreneurship burning brightly guiding our economic opportunities, and both share the value that we place into forging long lasting relationships with others.
So, in 100 days’ time, we will share in the excitement and expectation of our friends in Dubai and the wider UAE as Expo starts creating ripples of opportunities that will be felt around the world.
Enterprise Ireland has published a ground-breaking report into regtech eco-systems across Asia Pacific.
The report, entitled ‘The State of Regtech in APAC’, is a pioneering report into the sector in APAC and the culmination of three years’ work by Ireland’s innovation agency Enterprise Ireland. It is the most comprehensive, independent analysis of the subject ever undertaken.
It provides an in-depth look at regtech adoption, challenges and opportunities across 10 key APAC markets.
“This unique report is a compendium for anyone in the regulatory, risk or compliance functions of any company in the region, as well as for regtechs looking to scale and expand there,” explains Mo Harvey, Enterprise Ireland’s Financial Services and Fintech Lead (Asia Pacific), who is based in Hong Kong.
“It’s a totally objective deep-dive assessment of key markets including Australia, Mainland China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand and Vietnam. Its aim is to help people understand the regulatory landscapes, market conditions, government initiatives, ecosystems and critical players in each market.”
The report highlights the development of digital economies across the region, the key regulatory drivers in each, plus the roadblocks and challenges facing regtechs in each. It covers both government and regulator initiatives, as well as a full range of ecosystem players for Irish regtechs to potentially partner with.
It is the result of a market research exercise undertaken by Enterprise Ireland – Ireland’s state development agency for Irish enterprises in world markets – as part of its ongoing work to assess areas of opportunity for its portfolio of client companies, both in growing sectors and regions.
“Enterprise Ireland has been investing in regtech companies since before regtech was even a word,” explains Mo Harvey.
“As a result, regtech is now Ireland’s largest indigenous fintech cluster, with the ability to compete on the world stage.”
Why Ireland, why now?
That explains why the world’s first in-depth analysis of APAC’s regtech eco-system should come to be written “by a small island off the coast of Europe,” she points out.
“In fact, we had started looking at regtech in APAC even before compliance issues really began being pushed by regulators here.”
At the time, Ireland had already begun to establish itself as a world class centre of excellence for regulatory technology solutions.
“We could see that APAC was the standout for market opportunity for a number of our client companies doing great work in the regtech space,” she says.
Enterprise Ireland works with the largest number of regtech companies in the world, with more than 40 regtech companies in its portfolio, representing some of the best in Europe.
“We could see a clear opportunity to supercharge Irish regtech companies into the APAC region and really make a meaningful impact,” she says.
“Our aim with the research was to present the lay of the land in each country from a regulatory perspective, mapping out the market opportunity for them. Asia-Pacific is the fastest-growing regtech market in the world with the adoption of cloud solutions set to dominate, particularly in the SME segment. We know that a small number of large enterprises hold the lion’s share of the regtech market globally (approximately two-thirds), but we predict that the SME regtechs have a real opportunity here in Asia-Pacific.”
Out of that endeavour emerged this 300-page report providing unparalleled insight into the regulatory eco-system across APAC economies.
“This is something that has never been done before, a completely objective analysis that, for anyone with an interest in regtech in APAC, provides everything they need to know.”
Interest in Ireland’s regtech solutions providers is strengthening in the region, Harvey says, driven by intensifying regulatory emphasis on risk and compliance controls, and a digital transformation agenda accelerated by Covid-19.
“The result is a scramble for regtech solutions,” she added.
Unlike locally grown regtech solutions providers, which typically operate within standalone markets or jurisdictions – whether Hong Kong’s or Singapore’s or Japan’s, for example – European regtech providers take a pan-European approach from the start, dealing with supranational laws and regulations, such as MiFID, PSD2 and GDPR.
“Irish regtechs are used to dealing with multiple jurisdictions, that’s the edge they have”, she explains.
Insights into APAC
Demand is growing. “Regtech adoption across the region is gaining pace in every market we’ve looked at, as is the need for greater regulatory oversight,” says Harvey.
That’s good news for Ireland’s world class regtech providers.
“I don’t know a single other investor, or government agency of any kind, that is working with a cluster of companies of the magnitude that we are,” she says.
“The sheer volume of regtech companies coming out of Ireland that can comfortably compete on the world stage is quite exceptional. At Enterprise Ireland, our aim is to grow more of them.”
- Compliance Costs Expected to Rise: The projected cost of AML compliance across Indonesia, Malaysia, the Philippines, and Singapore combined is estimated at US$ 6.09 billion annually, with more than half of it in Singapore.
- Impact of Regulators Across APAC: Country-specific regulators have the most impact on regulatory compliance, but Singapore’s regulators also have substantial impact across APAC study countries.
- Regtech Adoption: Progress in regtech solutions in developed APAC countries is starting to gain speed, driven by regulators’ need for greater oversight and a tighter regulatory environment.
- Promising Areas for Regtechs: Market and industry drivers such as the rise of digital banks, P2P lending, virtual assets and remote onboarding present an opportunity for regtechs to fill the need for specialised solutions.
- Changes in Regulation: Changes in regulatory stance puts increased focus on compliance and using new technology to meet standards more efficiently and effectively
- Impact of Covid-19: Covid-19 has accelerated the transition to digitization of financial services, but progress on regulations has stalled as liquidity and lending took higher priority
- Roadblocks and Challenges: Long sales cycles challenge regtech adoption in developed APAC while regulatory inertia and lack of proper regulatory processes can hinder regtech adoption in developing APAC.
To find out more, click here to download your copy of The State of Regtech in APAC report.
The Asian region’s healthcare industry has seen rapid growth over the years, with several countries becoming more known for its medically advanced institutions. The rise of the healthcare industry is largely attributed to the emergence of MedTech, a constantly evolving sector that utilises technology to advance the practice of medicine.
In Asia Pacific alone, the digital healthcare industry is projected to be valued at US$80.7 billion by 2025, making it one of the fastest-growing regions in the world, and its continued rise has been catalysed by Covid-19.
Over this period, more individuals were encouraged to stay at home, rendering them unable to step out and avail of healthcare services. Medical professionals capitalised on telemedicine to reach their patients and leveraged a range of digital technologies to monitor their health.
Apart from disruption to traditional healthcare delivery and management, research has shown that there are other key drivers of digital health acceleration in the region such as advances in digital health technology, cost pressure in healthcare systems, perception of the healthcare sector as a “safe haven” for investment amid economic downturn and requirement to provide personalised patient care.
Deirdre Glenn, Head of Life Sciences in Enterprise Ireland, stated that Covid-19 proved to be a double-edged sword for the MedTech SME sector. It posed a big challenge for non-digital medical devices and solutions and those needing face-to-face access to patients or clinicians.
Companies within the clinical trial space also experienced significant delays as many non-Covid-19 clinical trials were suspended. The summation of these various challenges eventually led to declining sales and a downturn in revenue for some companies.
Zooming into China, Japan and South Korea
According to Fitch Solutions, three Asian markets in particular – China, Japan and South Korea – make up a sizable 15.6% of the global medical devices market. Baker McKenzie’s deal flow data also shows that digital health venture capital deals in Asia Pacific are largely centered on the major population centers of the three aforementioned markets, together with India.
The factors that propelled the rise of Asia Pacific’s digital healthcare industry still hold true in China, Japan and South Korea. However, additional factors such as ageing demographics, changing regulatory environments and increase in healthcare spending also helped spur the growth of the medical devices and digital health sectors in the three markets.
As a global leader in the Life Sciences sector, Ireland has a rich ecosystem in terms of specialised staff, managers, suppliers, advisers, and investors that allows sector companies to flourish. It is by far one of the best systems in an English-speaking area within the favourable European regulatory regime. The €45 billion annual exports of Ireland’s Life Sciences sector, across medical devices, pharma and bio, is a testament to their strong capabilities.
Enterprise Ireland currently supports 260+ Irish Life Sciences companies. In the Asia Pacific region, there are in excess of 170 instances of client engagement across 58 of these client companies. As the region delivers a strong promise for ambitious and innovative Irish Life Sciences companies, Enterprise Ireland recently organised the ‘Opportunities in Medical Devices & Digital Health – China, Japan & South Korea’ knowledge webinar where representatives from Aerogen, EKPAC Healthcare, Intralink, and Emergo by UL shared insights on how to grow in the medical devices and digital health sectors in these markets.
Understanding market requirements
The first step in business expansion is to understand the target market. This entails using available data and research to understand the market landscape, from regulations, current practices and challenges to industry organisations to potentially work with.
Talking to relevant industry stakeholders such as medical professionals and distributors provides companies an insider perspective on current market opportunities and challenges, allowing businesses to make an informed business approach.
Julie Xue, General Manager at EKPAC Healthcare, a procurement solution provider of advanced industrial technologies in Greater China, shared, “It’s crucial to work with a local partner on strategies, product registration, pricing, sales, and marketing when your knowledge and presence in the market is limited and you want to win out the competition.”
The Asia Pacific region is a diverse market, and China, Japan and South Korea each have their own set of regulations that businesses must comply to. Cybersecurity and data privacy are important, and regulators have started to set regulatory requirements to ensure health IoT devices are not only safe and effective but also secure.
In South Korea for example, the Ministry for Food and Drug Safety issued guidelines for medical device cybersecurity risk management based on US Food and Drug Administration’s guidance and recommendations. On the other hand, China’s National Medical Products Administration published draft guidelines for standalone medical device software including cybersecurity requirements.
Simon Strode, Business Development Manager at regulatory consulting firm Emergo by UL, said, “The Medical Device Regulatory landscape in Asia is constantly evolving. In order to bring products to the market faster while reducing regulatory and quality risks, companies need to have a clear regulatory strategy from the outset addressing issues like product classification, registration and required documentation.”
Building relationships and a network
Relationships are key in doing business in Asia, especially so in Japan and South Korea. By establishing rapport with relevant stakeholders, companies will have insider information and perspective to support business growth.
Ruslan Tursunov, Life Sciences Specialist at Intralink, a business development consultancy specialising in East Asia, shared, “Building trust and relationships are prioritised over a legal approach in Korea and Japan. By establishing a long-lasting relationship, you will have access to an honest customer/market feedback, insider information on upcoming tenders, and a good partner to even jointly develop your next generation products.”
Enacting localised responses in each market
Prior to entering the three markets, differences in language, relationships, product awareness and pricing already pose barriers to incoming foreign businesses. This is why a local presence and people on the ground are essential to managing the operations as they will help maneuver the business according to the cultural context as well as the current market environment. Furthermore, localised responses and solutions are crucial to a successful expansion, as the strategies used in other markets may not be as effective in the target market.
Irish aerosol medication delivery company Aerogen has operated in Asia for quite some time and is active in all three markets, having established local presence and worked with local partners to deliver their services in the region. Its Head of Asia Pacific, Tara Spain, said, “Some of our key learnings in the markets include setting a local presence on the ground early, making no assumptions on what you have done previously, and researching in advance for specifics like market access and environment.”
A complex but promising region
The Covid-19 pandemic prompted all sectors to place greater emphasis on healthcare and gave rise to rapid digitalisation, and there continues to be room for the digital health industry to further grow amid the current situation.
Doing business in Asia, especially in China, Japan and South Korea, is a complex process to undertake, mainly due to cultural differences. However, despite the region’s complexities, the wealth of opportunities it presents to Irish Life Sciences companies is far too promising to overlook.
Enterprise Ireland has offices in all of these markets – China, Japan and South Korea – with Life Sciences Market Advisers and any Enterprise Ireland clients in the Medical Devices and Digital Health sectors wishing to explore market entry or expansion may contact them to seek assistance.
 Fitch Solutions – 2020 Medical Devices Report (China, Japan and South Korea reports)
As a result of the pandemic and the rapid adoption of technology in the education sector, the workforce of tomorrow is being shaped like never before. Jack Larkin, Trade and Development Executive at Enterprise Ireland MENA writes about the role of Irish EdTech in helping to revolutionize learning.
As schools and universities faced severe challenges during the start of the pandemic, it propelled education institutions to find rapid solutions to limit the disruption to students as classrooms and lecture halls closed requiring a model based on remote learning to be put into place overnight.
This moment in time gave rise to the most significant advancement in the adoption of digital technology in education like no other, creating a leap not seen in generations for the mainstreaming of digital learning, and propelling the digital classroom of the future.
With the global education technology market size valued at $89.49 billion in 2020, the sector is experiencing a level of annual growth not seen before which is forecast to be 20 per cent from 2021 to 2028. This will see the market value grow to near $400 billion over the coming years.
This rapidly growing market contains an array of innovative offerings that are not only just designed to support the remote learning challenges derived from the Covid era. The market is servicing the changing needs and expectations of the digital savvy youth as well as those educators who are looking at the benefits of technology to revolutionise teaching.
What the future holds for education
As we increasingly prepare for the Fourth Industrial Revolution, it has become an imperative that education systems adapt. Many of today’s children will work in new job types that do not yet exist, with advanced technology driving this new future, and therefore we need to prepare and equip young people with these new skills for the new jobs of tomorrow.
We are seeing EdTech solutions that are in line with the advances in the latest technologies, such as the Internet of Things, Artificial Intelligence, Augmented Reality, and Virtual Reality, which are all contributing significantly to the market growth.
By focusing on these types of advanced technologies, young people can not only benefit from a different learning style, engaging in more immersive learning, they are also learning what these technologies can do and how they can be applied.
One example of this is how virtual reality can be applied in the education setting. Irish company, Immersive VR Education offers virtual reality-based learning providing an immersive teaching method that allows students to interact with concepts or situations that no longer can be experienced such as experiencing what it was like on the Titanic when it struck an iceberg or being in space on a mission, opening many possibilities that did not previously exist, especially helpful in a home-learning setting.
On AI, we only have to look at what is happening here in the UAE with the strong focus being placed by the UAE Government on fostering an environment that harnesses the possibilities that can be enabled from the application of the technology. Through the National Programme for Artificial Intelligence, the UAE is aiming to be a global hub for AI techniques and legislation and to become world leaders in AI by 2031.
The economic benefits are clear; it will create new economic and social opportunities for all and will lead to the generation of up to AED 335 billion in extra growth for the UAE. With both this goal and the resulting economic prize that is on offer, the trend set by the UAE will only continue further and indicates in sharp focus the need for the workforce of tomorrow – the children of today – to be skilled in these types of technologies in order to fuel the national ambition.
A shared ambition drives UAE’s and Ireland’s learning ecosystem
Like the UAE, Ireland also shares the clear focus for embracing innovation to shape the future, which is why so many of our Irish companies have innovation embedded into their DNA. The Irish ecosystem is rooted in innovation with the substantial national priority placed into research and development over the years by successive Irish Governments.
In the EdTech sector this is no different; for example, the Learnovate Centre based at Trinity College Dublin is home to a research and innovation centre that is solely focused on learning technologies. Funded by Enterprise Ireland, the Irish Government’s trade and innovation agency, the industry-led centre helps companies transform employee, student, and customer learning experiences. The centre also actively identifies what the latest trends are and how that translates into setting priorities for research to support product development.
The vibrance of the Irish EdTech sector is linked to the strength of the wider technology sector, where some of the world’s most advanced digital technology companies have grown up alongside global tech giants. With Ireland’s exceptional talent, vibrant investment activity and a renowned research base, it has helped to create one of the world’s leading tech hubs, with over 1,000 companies generating €35 billion in exports annually.
Initiatives such as Ireland’s €500 million Disruptive Technologies Innovation Fund is further driving the pipeline of digital innovation, providing funding for collaboration between Ireland’s research base and industry and enterprises to develop disruptive technologies and applications on a commercial basis.
Irish start-ups revolutionising education through innovation
In EdTech alone, there are over 157 Irish start-ups operating across a range of segments of the educational landscape, all highly innovative, and all helping to transform learning, and playing a key role in shaping the workforce of the future.
With this sector thriving, their innovative solutions are present in educational institutions around the world. Innovative platforms support the real-time assessments of students, such as the product provided by Skilly who have devised a complete dashboard to help teaching staff to track progress for every student, class, and year group whilst also monitoring engagement levels. With around 40 million annual users, Learnosity also provides a suite of powerful assessment tools that provide a fast-track solution for building more engaging learning products.
Irish edtech companies are revolutionising learning. Enabling young people to learn about computer coding is at the core of what Robotify enables. The company guides students to produce original ideas, with the tools, resources, and freedom to grow their capacity for creativity, critical thinking, problem-solving, and collaboration skills, using a simulation platform to make robotics accessible to everyone. The Irish virtual robotics company has just signed a deal with former Apple pioneer, Steve Wozniak to change the future of millions of learners with WOZ ED, K-12, his education company.
With the catapult towards the future, the classroom is being reimagined, challenging the status quo of how young people learn, and importantly, they are experiencing the benefits of a more technology-enabled learning experience. Our young people are beginning to be equipped for the Fourth Industrial Revolution for a world embracing new disruptive technologies, led by the vision of preparing students for the automation-driven workplace of the future.
Jack Larkin is Trade and Development Executive – MENA at Enterprise Ireland, the Irish Government agency that works with Irish enterprises to help them start, grow, innovate and win export sales in global markets.
Innovative Irish companies are enabling some of the most advanced applications globally, from smart cities and autonomous vehicles to ports and agricultural automation. With a highly creative and talented workforce, an open economy and a competitive corporate tax environment, Ireland is the second largest exporter of computer and IT services in the world.
A great example of Irish innovation in action is the global connected software company, Cubic Telecom, which offers connected car solutions to automotive companies like Audi, Volkswagen, Skoda, as well as many electric vehicle manufacturers. Having its technology embedded in millions of cars around the world has put this Irish company in the driving seat when it comes to industry insights.
Transforming in-car connected software in the Middle East market
Cubic Telecom has recently collaborated with Etisalat Telecom in UAE and stc, Saudi-based telecom and technology services provider, to accelerate the introduction of in-car communication solutions in the Kingdom. Cubic’s software enables zero-touch device registration and in-car connectivity that is pre-configured to comply with the area’s regulatory requirements.
“Cubic’s connected software is driving performance for carmakers and providing in-car services in key markets. We are delighted to be working with stc to help car manufacturers activate new opportunities in a very significant market,” said Barry Napier, CEO of Cubic Telecom.
Cubic Telecom provides connected software solutions in more than seven million vehicles and devices across over 100 countries. With the Kingdom investing heavily in telecommunications infrastructure, Cubic supports this vision through a range of in-car services, including eCall support, an “Emergency calls” system that automatically alerts emergency services in the event of an accident.
From Dubai to Dublin – and the rest of the world
Born from an idea formed talking to a waiter while ordering a coffee in Dubai – founder and Chief Executive, Mark Roden, founded Ding in 2006 to improve people’s lives by helping those with less, gain access to more. The company helps its customers gain access to easy mobile top-up in order to stay connected with friends and family. Through Ding ex-pat workers around the world can support family by sending mobile top-up directly to their phones back in their home country.
Today, the Dublin-headquartered telecommunications company has nine offices around the world, delivering a top-up every second, via 550+ operators, across 140+ countries. In fact, their customers have sent 450 million top-ups around the world. Ding works with the leading operator, has a market leading direct to consumer business and app, and also a global B2B platform and API which sees it partner with some of the biggest Fintechs and SuperApps in the region today.
Demand for top-up is growing, particularly when you consider that more than 80% of phones in the region are prepaid, with the majority out of credit at any one time, therefore limiting their ability to connect with friends and family. By leveraging Ding’s mobile top-up service customers can stay connected in just a few clicks.
Equipping businesses with effective data analysis tools
An agile, expert partner in the design, engineering and manufacture of products to condition, control and monitor air, Aubren has recently launched its next generation software for controlling air handling equipment. Developed specifically for use in the data centre and telecoms industry, the software optimises free cooling conditions using advanced and proprietary algorithms. Aubren has recently implemented a major project with Du Telecom in UAE and installed environment-friendly energy-saving cooling solutions for their telecom towers
Another Irish company active in the Middle East is Aspire Technology offering advanced solutions and services to perfect and optimise network deployment, performance management and analytics with their OpenRAN Lab. Aspire Technology is currently working many operators across MENA including Omantel.
Abdull Ali, Senior Market Advisor for Enterprise Ireland MENA, who works closely with innovative Irish companies, said: “Referred to as the Silicon Valley of Europe, Ireland has developed the effective ecosystem to become a global hub for ICT advanced technologies and is producing more and more innovative companies with cutting-edge solutions.”
Using data to make the world a more sustainable place, Dublin-based IoT company, Davra, enables environmental improvements across sectors. Named leading platform by Gartner in 2019, the digital platform deploys information collection technologies and custom IT connectors to monitor activity, allowing companies to optimise their operations to become more energy efficient.
Adding to the pool of Irish companies that are creating an impact in the region is Xunison, a software-led business, that ensures its operator customers are at the forefront of in-home consumer technology. Xunison is working with leading telcos in the GCC region, delivering innovative CPE solutions across connectivity, smart home, OTT and customer management.
Also worth noting is the partnership between Xintec, world-class providers of cost-effective fraud management and revenue assurance solutions to the telecommunications industry, and Zain Telecom, a leading mobile voice and data services operator in Bahrain.
The pandemic has highlighted the importance of connectivity needs, as well as the need to future-proof our cities, towns, and communities. Home to global technology leaders, electronics companies and research institutes, Ireland’s tightly knit innovation ecosystem enables IoT providers to develop solutions that collect and transform data into value.
To learn more about how Irish innovation is leading the way in connectivity solutions in the Middle East, visit irishadvantage.com and follow Enterprise Ireland MENA.
Irish regulatory technology is in demand across Asia Pacific, where demand for compliance and risk solutions has never been greater
Irish regtech providers are experiencing unprecedented growth across APAC.
“Covid has been an accelerant,” explains Scott Patterson, Enterprise Ireland’s Senior Market Advisor Fintech Australia & New Zealand, based in Melbourne.
The pandemic has forced many financial services organisations in the region to increase investment in digitisation, both to facilitate customer onboarding and to satisfy growing regulatory pressure for robust compliance and risk controls.
The combination of escalating cybersecurity costs, decreasing revenues and increased regulatory pressures has resulted in a “paradigm shift”, says Patterson.
It started in Australia in 2019, with the launch of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry.
The following year Hong Kong’s Monetary Authority (HKMA) declared its intention for Hong Kong to operate as a centre for regtech excellence. In April of this year the Monetary Authority of Singapore (MAS) announced its new regtech grant scheme to promote the adoption of technology for risk management and compliance in financial institutions.
“Covid-19 has created a burning platform for digital transformation across the industry,” explains Patterson.
“It was a catalyst for organisations to fast-track the transition from legacy risk processes and systems to Cloud based regtech platforms flexible enough to meet the expectations of local regulatory frameworks, while also future-proofing against the ever-evolving regulatory landscape.”
Irish ingredients for regtech innovation
That so many of these organisations turned to Ireland’s regtech solutions providers is no surprise. “Irish regtechs have proven experience of resolving the kind of risk and compliance issues that are only now being faced by companies across APAC,” he explains.
Enterprise Ireland is the world’s most active seed investor in technology companies and has a portfolio of more than 40 client companies in the regtech space.
Its strength in the field is the result of a number of factors, including the fact that Ireland is both a major international financial services sector and the global technology hub of choice for the strategic business activities of some of the world’s top ICT companies.
It is also the Data Capital of Europe, with leading data-rich companies such as Apple, Google, Microsoft, Facebook, LinkedIn, Twitter and Airbnb all servicing Europe from Ireland.
Given Europe’s position as the global leader in regulatory and compliance standards, from open banking to data protection, allied to Enterprise Ireland’s active investment in innovative technology-driven start-ups, it has all provided fertile conditions for Ireland to develop its world class regtech cluster.
Many of these companies are now powering across APAC. Fenergo, an Irish regtech ‘unicorn’ and the industry No.1 provider of CLM software solutions for financial institutions, has supported each of Australia’s leading banks with regulatory onboarding issues.
Vizor Software, a global leader in supervisory technology, provides industry-wide reporting support, partnering with the Australian Prudential Regulatory Authority (APRA).
Daon is a world-leading mobile authentication and biometrics company working with leading financial digital banks such as TONIK in the Philippines and Mox in Hong Kong. Its biometrics and identity assurance software has been deployed by Australia Post.
MCO (MyComplianceOffice) works with financial firms across APAC as they navigate increased regulatory pressures, growing level of enforcement actions and rising compliance costs, helping them to automate conduct-risk management for more effective compliance and greater efficiencies.
Know Your Customer, with offices in Hong Kong, Singapore and Shanghai, has quickly established a reputation for excellence for solutions which strengthen KYC and KYB compliance while providing exceptional client onboarding.
Not alone are Irish Regtech’s such as Corlytics, Circit, Cerebreon, Sedicii and DX Compliance who are all quickly gaining international traction. Today more than 20 Irish Regtech’s appear in the Deloitte RegTech Universe 2021.
They have won some of the most prestigious global awards too, including the Regtech Insight Awards 2020, in which MCO won Best Vendor Solution for Managing Conduct Risk and Fenergo won Best KYC Software for Client On-Boarding.
At the Central Banking Global Regtech Awards 2020, Vizor won Global Technology Partner, following on from its success as winner of the Global Regtech Provider award the previous year.
“But it’s not just about service provision or functionality,” points out Scott Patterson. “Some of these companies have gone on to become industry influencers.”
Fenergo has, for example, created an active APAC community of leading Australian Financial Service organisations. What it refers to as “compliance by design” is a powerful collaborative initiative that mutualises the effort and cost of compliance for all involved.
“This allows tiers two and three financial institutions surety that their approach to AML/KYC, combating financial crime, and counter terrorist financing, is the same as that of tier-one institutions,” he explains.
“It’s a perfect example of the way in which Irish regtechs are not just providing effective solutions but helping to set the standard around the regulatory environment in APAC.”
Irish innovation is thriving, particularly across sectors that are thinking and acting digital-first. With Ireland acting as a hotbed for travel technology companies and Enterprise Ireland providing them with a collaborative ecosystem, more and more exciting and innovative start-ups are finding their place in international markets, especially within the MENA region with Dubai as the hub for inter-continental travel.
Led by the goal to establish the Middle East as the global marketplace for the future of travel, annual trade conference Arabian Travel Market was held in Dubai last week, connecting products and tourism operators with buyers and travel trade visitors from around the world.
Speaking at the event’s opening address, Helal Saeed Al Marri, Director General, Dubai Department of Tourism and Commerce Marketing (DTCM), said: “Since the beginning, Dubai has shown remarkable resilience in dealing with the pandemic. Taking decisive action at the right time, using all the data available to us as a smart city to make decisions, and opening the economy sector by sector, with the right precautions being taken at each stage, has enabled the gradual recovery of the travel and tourism industry and allowed the city to open its borders to both domestic and international travel.”
While the pandemic stopped the travel market in its tracks in early 2020, the sector is starting to see true recovery, and huge part of this progress was a worldwide acceptance of needing to live through the ‘new normal’. This perspective has given rise to companies, whether they are start-ups or global giants, to adapt through product diversification as well as develop and implement innovative tech solutions, in turn driving tourism recovery.
“It was great to attend Arabian Travel Market this week in Dubai. Many stakeholders, partners, visitors from government bodies, hotels and destination management companies were warmly welcomed within a safe physical setting to share their insights on the travel sector. The key industry event set the standard for organising large-scale events in the post-pandemic era. Interesting to see the Saudi Tourism stand that presented a truly immersive experience for visitors showcasing the upcoming giga projects that are central to the Kingdom’s Vision2030 agenda,” said Stephen Twomey, Senior Market Advisor at Enterprise Ireland.
Personalisation: the catalyst for tourism recovery
In the past few years, Irish tech companies have played a central role in providing world-class companies with tech solutions that cover reservations, payments and customer-focused ICT needs. This accelerated significantly in the early months of 2020, preparing the travel sector to recover more rapidly, and simultaneously revolutionising the market to develop a consumer-first approach.
Aviation and hospitality service businesses around the world are increasingly looking to Irish travel tech companies, using their expertise in artificial intelligence to reform existing product strategies. One such firm that shifted the dial in the travel industry is Arvoia, which enabled market leaders to gain deep direct customer understanding, through a raft of prediction and personalisation products. Boxever follows the same train of thought by helping businesses embed data-driven decisioning, experimentation and personalised experiences into their ecosystem.
With ‘contactless’ being the keyword of the pandemic era, innovators like Daon were able to deploy biometric authentication and identity assurance solutions worldwide. Their platform helped ease authentication process for airlines and other travel agencies by providing the highest level of security with inherent multi-factor authentication to deliver an improved customer experience. TripAdmit provided tour and activity providers with the tools to manage every aspect of their online sales and distribution in one place through its flexible booking software.
With such innovative solutions developed out of Ireland, it is no surprise that Irish innovation has built a reputation as the leader in world travel technology. To connect with market leaders and their advanced technologies that are driving profitability across the travel industry, please visit https://bit.ly/2SchPk1
A new survey of EU Member states has found that Ireland has the highest share of enterprises in Europe using artificial intelligence.
The report, which was published by Eurostat in April 2021, is just the latest indicator of the strength of Ireland’s thriving deep-tech sector, of which artificial intelligence is just one strand.
A number of elements are driving this success.
“We have a number of the world’s largest technology companies here, many of which have been progressing machine learning and artificial intelligence through their R&D activities. These have built up a lot of expertise in these areas, both bringing experts in from abroad and upskilling people in Ireland,” explains John Durcan, senior technologist at Enterprise Ireland.
“Very often people gain a significant amount of deep-tech experience working within the MNC sector before leaving to go out on their own to develop very specific niches arising from that.”
A strong focus on deep-tech at third and fourth level supports them, including universities and institutes of technology plus government backed research centres. These include Neuroscience Ireland and CeADAR, Ireland’s one stop shop for innovation and applied R&D in AI, machine learning and data analytics. Research centres such as CeADAR (founded 2012) are set up when an emerging technology looks like it will impact industry.
“All of these centres are very proactive in encouraging businesses to engage with machine learning and AI,” he says.
It was exactly this deep-tech focus that helped Ireland develop its world class fintech sector, he points out.
“In a way it started in Ireland with fintech. Deep-tech fits very well into fintech, and fintech as a sector is one which is very good at adapting innovative technologies quickly. Now we are also seeing deep-tech extending rapidly into other areas such as healthcare and life sciences, agriculture and manufacturing,” says Durcan.
New initiatives are driving Ireland’s deep-tech agenda forward. Trinity College Dublin has launched Alsessor, an artificial intelligence accelerator programme to support starts-ups in the growth and commercialisation of businesses in areas such as digital health, fintech, insuretech and regtech, as well as retail.
Radical new undergraduate and masters programmes are also emerging.
The University of Limerick is pioneering a new kind of computer science education with the launch of its integrated undergraduate and master’s degree, in partnership with more than a dozen technology companies including Stripe, Zalando, Soapbox Labs and Fenergo.
The Immersive Software Engineering programme has five paid residencies built in, each between three and six months long, giving students multiple opportunities to work with real-world tech teams.
All this activity is adding to Enterprise Ireland’s strong pipeline of High Potential Start Ups in the deep-tech space.
“We are seeing a good number come through with strong artificial intelligence capabilities. Whereas three years ago AI was being pitched very broadly, we are now seeing companies emerge with AI for very specific business niches, and that’s good because that’s where we get the real value out of it,” he says.
Irish company Shopbox.ai uses AI to convert ‘anonymous’ traffic into committed customers.
“It’s a really clever solution that gives clothing retailers the kind of recommendation features that we see in Amazon or Netflix,” he explains.
It’s also part of a trend emerging whereby niche AI solutions are offered as service. “It’s almost plug and play now, giving you the benefits of the deep-tech without having to hire data scientists and software developers yourself.”
Irish company Altada focuses on ethical AI, ensuring accountability and transparency of AI decision making.
Accountable AI is an area of growing concern in the EU and one which, like GDPR, is likely to see regulation rolled out worldwide. It’s also an area Ireland is building up significant expertise in, says Durcan.
Funding for the future
Enterprise Ireland is funding deep-tech, both through its deep-tech Competitive Start Fund and its Euro 500m Disruptive Technologies Innovation Fund.
“The DTIF in particular has a really big focus on next level, future R&D,” says Durcan.
“It encourages companies to go beyond their normal service, looking three or four years ahead, to encourage companies to work together in a collaborative way with MNCs, third level, and other SMEs.”
It is that cross-sharing of knowledge that is really driving the adoption of AI in Ireland, he says.
“We are increasingly seeing not just a cross sector of companies involved in DTIF projects, but a cross sector of sectors, such as satellite data technology companies working with agriculture companies, so that solutions devised for space could be used to help with weed control,” he explains.
DTIF helped fund the new Quantum Computing in Ireland (QCoIr) initiative which has catapulted Ireland into the European forefront of quantum computing research.
Meanwhile a growing number of Irish companies are successfully commercialising deep-tech innovation in all sorts of ways.
VRAI for example provides virtual reality simulation training, using data insights to deliver not just authentic, immersive experiences but ones which are personalised to the participant, doing away with traditional one size fits all training.
With so much going on, at so many levels, it’s no surprise that Ireland has topped the Eurostat poll. As Durcan puts it, “We have a nice deep-tech eco-system here.”
Ireland is set to emerge from the pandemic stronger than ever, thanks to the development of pioneering technologies supported by its Disruptive Technologies Innovation Fund (DTIF).
This major €500 million Government-backed funding initiative, which is run by Enterprise Ireland, is designed to drive collaboration between Ireland’s world-class research base and industry.
It enables enterprises to compete directly for large scale funding, worth millions of Euros, to support the development and adoption of the ground-breaking technologies of the future.
The purpose of DTIF is to drive collaboration between Ireland’s world-class research base and industry, facilitating enterprises to compete directly for funding in support of the development and deployment of disruptive and innovative technologies on a commercial basis.
Because the funding is matched by the private sector, the DTIF both provides – and unlocks – large scale, multi-million Euro investments in the development and deployment of commercially viable disruptive technologies. It does this year after year.
Annual call for creative disruption
DTIF funding calls are made annually. This year, in April, the Irish government announced the latest tranche of ground-breaking projects to be supported by the DTIF, spanning areas such life sciences, medical devices, ICT, artificial intelligence, manufacturing and environmental sustainability.
In all, 29 major new projects secured funding worth €95 million. These include new technologies for sub-sea robotic drilling, for smart factory safety and radically more energy efficient industrial heating and cooling systems.
It’s a broad-church funding approach that spans everything from a new platform to improve productivity on construction sites, to new monitoring tools to improve outcomes for new-born babies.
This year’s round of investment brings the total Government funding awarded under three DTIF calls to date to €235m, across 72 projects and 270 project partners.
Post pandemic resilience
The high level of DTIF funding demonstrates the Irish Government’s commitment to investing in a stronger and more resilient post-pandemic economy.
All DTIF-funded projects involve collaborations of between three and eight partners including SMEs, multinational corporations and research organisations. Of 111 collaboration partners involved in the current call, 62 are SMEs. In 22 cases SMEs are project leads.
Funding successes to date include an adhesive to help knit broken bones together following fracture; the use of artificially intelligent drones to detect drug smuggling; and the development of a robotic drilling system suitable for offshore wind plant construction.
All projects selected for DTIF funding have game-changing potential, whether they use nanotechnology to reduce carbon emissions by 40% in industrial heating or AI to help identify early-stage cancer patients.
They also fall under the Irish government’s research priorities. These include robotics, artificial intelligence, augmented and virtual reality, health and wellbeing, as well as smart and sustainable food production and processing, and smart manufacturing.
Priorities also include innovations which help decarbonise the energy system and promote sustainable living.
Rigorous independent evaluation
Securing DTIF funding is a competitive process. Applications go through an intensive evaluation process involving remote screening and interviews by panels of international experts.
These are charged with seeking out only those projects with a strong enterprise agenda that can demonstrate commercial impacts within three to seven years of project completion, and which are seeking minimum DTIF-matched funding of €1.5 million.
“This is large scale funding for the kind of ground-breaking technologies that will enable us to come out of the pandemic stronger than before,” says Imelda Lambkin, manager Disruptive Technologies Innovation Fund at Enterprise Ireland.
The DTIF opened in 2018 and is due to run for 10 years as part of Ireland’s National Development Plan. Because the initiative is 50% co-funded by the project partners, it leverages substantial private sector investment.
Among the largest awards to date is €7m to a consortium including Relevium Medical, HiTech Health and the National University of Ireland Galway for a regenerative treatment for knee osteoarthritis using a hydrogen based therapeutic.
“We fund collaborative research which includes SMEs working with other SMEs, or with multinational companies, as well as academic researchers, all coming together to develop disruptive technologies,” she explains.
“These are technologies we define as having the potential to either alter the market or the way we live. By coming together like this they can create something bigger and better.”
A seal of approval
The competitive DTIF process forces applicants to make their case not just for the work they are doing, but demonstrate “why they are doing it, why this team, and why now?” says Lambkin.
“They must also demonstrate the strength of the disruptive technology; the excellence of their approach; the potential for market impact; the quality of the collaboration and the impact of the project on sustainability too.”
Each year’s applications are whittled down to only the most disruptive, with the most potential and the greatest prospects for commercial success.
The whole competitive process helps to foster innovation and collaboration across Ireland’s research landscape, from small innovative start ups to large multinationals and academic researchers, deepening the links connecting Ireland’s innovation eco-system.
Successful project teams often go on to success at European level. “Securing DTIF funding is like a seal of approval,” explains Lambkin.