Recently Enterprise Ireland in association with The Irish Stock Exchange (ISE), kicked off the final chapter of the ISE’s #IPOready program – a leadership initiative for high-potential Irish companies.
A full overview of the event can be read here
Originally published by SVP for Financial Services and Technology at Enterprise Ireland New York Aidan Hayes
The 2016 Toy Fair New York, which is held annually, showcased some of the world’s most exciting up and coming toy products and is where some of the world’s biggest names such as Lego and Mattel exhibit. This year the show opened its doors to thousands of global play professionals to explore a record-breaking 415,000 Sq Ft of exhibit space which was filled with hundreds of thousands of toys, games and youth entertainment products. The show reported an attendance of 13,000 buyers from 100 different countries from across the globe to explore the exhibits of 1250 different exhibitors.
This year’s show saw a strong presence from some of Ireland’s newest and best toy and game companies. Five Irish companies travelled to exhibit at the show displaying a unique, innovative, and fun selection of products. The companies participating were Arckit, The Irish Fairy Door Company, The Lottie Doll (Arklu), TurboSpoke, and Yvolution.
The Irish Fairy Doors
According to Hannah Webb Vice President Consumer Goods & Retail Technology for Enterprise Ireland USA “the toy industry in the US is an exciting and growing market, it was fantastic to see such wonderful companies from Ireland exhibiting at this important industry show, meeting the right buyers, and successfully selling into the US market.”
The Lottie Doll
Ibis World reports that the retail market for toys has grown to $37.4 billion in revenue in the US and is expected to grow further to $40 billion in 2020. The sector is diverse in both product and retail channels, with toys and games sold through department stores, drug stores, online, and in specialty shop
Article originally published by Eva-Marie Costello, Enterprise Ireland – Mountain View
Decawave, a global leader in ultra-wideband (UWB) semiconductor space, was recently named the Nokia Open Innovation Challenge winner for its ‘Sense the WHERE’ capability. This prestigious award recognizes innovators and experts in IoT and Decawave came out on top of the hundreds of applicants. Since late last year Decawave have been making headlines and recently created a huge stir at CES in Las Vegas this January. They were categorized as one of the top 7 amazing start-ups showcasing products at CES.
CES kicked off with an opening keynote from Intel and to add to the hype, Decawave debuted a live demo of the first connected air orchestra. Intel had performers control virtual instruments through location sensors that were embedded in the performer’s wristbands. Decawave’s UWB micro-location technology meant that the music appeared out of thin air through the position and movement of the performers’ hands. This musical performance was the first of its kind and made CES history!
Decawave debuting their technology at the opening Intel keynote
Decawave technology was also showcased in a Jaguar F-Pace vehicle at the event. In the Jaguar vehicle DecaWave demonstrated the effortless transition between connected home, connected car and connected objects. DecaWave’s wireless technology for precise locations means that it can identify the specific location of any object within an accuracy of 10cm, coupled with more than 99% reliability. We can expect more to come in the future as Decawave and Jaguar Land Rover announced a strategic partnership with the goal to further enhance the driver experience, offering a range of navigation, safety, security and convenience benefits.
And that’s not all, Decawave was also a part of the Spalding and ShotTracker multi-year partnership announced at CES. Decawave’s chip technology is used in the ShotTracker system, it is made up of three different components which all communicate among each other to track ball movement and player location. The ShotTracker enabled Spalding basketball is connected to portable sensors located around the court and a small tag is also placed on the Player’s shoe. A shot chart is created in real-time which automatically tracks all moves on the court. A revolution for the sports industry and broadcasters as current statistics systems require several days of post processing.
Decawave’s chip technology demonstrated in the ShotTracker system
Decawave’s unique micro-location technology is bringing real value to the IoT market at a competitive cost, very low power usage and with high levels of precision and reliability. The company has gained interest from over 2500 firms globally and has a continuous growing presence worldwide.
To hear more about Decawave and their growing U.S. presence contact, Mickael Viot (Decawave) Fergal O’Moore (Enterprise Ireland),or Eva-Marie Costello.
In recent weeks, Enterprise Ireland’s New York Office collaborated with BNY Melon to create an insightful event focused on the online payments space. The invite only ‘Digital Payments Revolution’ event took place at BNY Melon HQ New York, with the aim of demonstrating how FinTech Companies are changing todays payments landscape and featured a select group of innovative Irish companies that are leading the way.
Brian Ruane, EVP & CEO of Broker Dealer Services BNY Melon hosted the event which was attended by over 200 banking professionals, payment experts, technologists and investors. Karen Preetz, President of BNY Melon, opened proceedings and spoke of BNY Mellon’s commitment to engaging in technological innovation and introduced the participating companies to the audience. In addition a keynote address by Andy Schmidt, Principal Executive Advisor of CEB TowerGroup focused on the changing payments environment and the role of new technologies in the finance and payments world.
A panel discussion followed these speaker insights and centered on the technical challenges that face today’s payments industry and the difficulties encountered trying to meet the ever more demanding needs of customers. The panel featured industry experts from companies such as Mastercard, the Clearing House, BNY Mellon, Ripple Labs and Td Bank.
The event also featured presentations from a number of Irish companies who are currently part of this digital payments revolution. Participating in this event was Fexco, Sysnet Global Solutions, Trustev, Continuum Commerce, Acquirer Systems and Daon.
Rory Griffith, Senior Vice President of Financial Software & Services at Enterprise Ireland, commented that; “collaborating with BNY Mellon to produce such an important and relevant event was a win-win for all stakeholders. The turnout, calibre of attendee, level of interest and follow up from this event has been immense and served to bring thought leaders, buyers and solutions vendors together. BNY Melon recognize both the challenge and the opportunity for banks in corporate payments and across all channels. By adopting a new technology focused strategy Banks are now making venture capital investment, partnering and harnessing the latest innovative payments technologies in order to be more secure, user friendly, multi-channel enabled, competitive, mobile enabled, and flexible for today’s market”.
The 6 companies that presented at this event demonstrated exceptional capabilities and represent a wider payments technology cluster which has benefited greatly from a vibrant Fintech ecosystem of funding, innovation, research & development, commercialization and internationalization that exists in Ireland and covers multiple domains within financial services. Expertise developed from handling multi-currency FX transactions, channels and transfers as both a major gateway to European and other global jurisdictions for US corporates and as a truly globalized economy has contributed much to this payments centre of excellence and constant innovation.
Outside of payments, Enterprise Ireland is having great success in driving other Fintech vendors to seize on multiple opportunities and solve the biggest market problems by replacing legacy systems in favour of smart, agile, compliant, revenue generating, secure solutions that the global market place demands and needs.