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News : Innovation Last Updated: Oct 9, 2015 - 12:32 AM

News : Innovation

The Airbus single-aisle medium-range A320neo had its maiden flight above Toulouse in southwest France for two hours on Thursday and it is backed by thousands of unit orders.

Sep 26, 2014 - 8:06 AM

News : Innovation

Entrepreneurship Myths: When myths take hold it's difficult to get attention for the facts as the cocktail of the self-interested, starry-eyed politicains and technology journalists, perpetuate them.

Sep 26, 2014 - 6:16 AM

News : Innovation

Rising rents in particular in London, San Francisco and New York, are pushing startups out of tech hubs.

Sep 25, 2014 - 7:17 AM

News : Innovation

Apple today announced it has sold over 10m new iPhone 6 and iPhone 6 Plus models, a new record, just three days after the launch last Friday.

Sep 22, 2014 - 4:41 PM

News : Innovation

Israel announced on Monday that Intel, the US chip giant, will invest $6bn in the upgrade of its main manufacturing plant in what will be the biggest single investment by a foreign company in the country. The company will receive a grant of $300m over five years and will pay a corporate tax rate of only 5% for a 10-year period, the ministries said. Israel employs about 10,000 in Israel and it will hire an additional 1,000 workers at the plant in the southern town of Kiryat Gat by 2023, in addition to the 2,500 that already work there.

Sep 22, 2014 - 2:12 PM

News : Innovation

A European Commission report published Thursday shows that Ireland has the highest labour productivity per person employed in manufacturing in the European Union (EU) thanks to US drugs firms and Richard Bruton, enterprise minister, has claimed credit for it saying that "Improving Ireland's competitiveness is one of the central aims of the Action Plan for Jobs."

Sep 12, 2014 - 12:14 PM

News : Innovation

Apple on Tuesday launched smartwatches, combining health and fitness monitoring with other mobile computer features; it also announced two bigger screen iPhones and Apple Pay, which will allow people to make purchases by holding a phone near a sensor.

Sep 10, 2014 - 1:42 AM

News : Innovation

The results of a study on a heart drug developed by Novartis of Switzerland that were presented in Barcelona on Saturday show that the medicine cut cardiovascular deaths by 20% when compared with a rival treatment, suggesting that the pharmaceutical group may have the prospect of a blockbuster with annual revenues of at least $1bn.

Sep 1, 2014 - 12:45 AM

News : Innovation
Last year had the potential to show that US venture capital firms (VCs) were set to have a bumper year with booming public equities and a recovered IPO market which generated record portfolio company exits and distributions from VC funds, according to a manager of a portfolio of endowment investments in VC and private equity funds.
Aug 29, 2014 - 6:02 AM

News : Innovation
In recent years US venture funds have raised the level of funding of European tech startups but so far there have been few firms that have exceeded $1bn valuations.
Aug 20, 2014 - 5:45 AM

News : Innovation
On Tuesday, the 10th anniversary of Google going public it ended with a valuation of $397bn and it signalled that it's not yet ready to rest on its laurels with several media outlets reporting that it planned to allow children as young as 13 to open online accounts. Meanwhile, The  San Jose Mercury News, the daily newspaper of the city of San José - -  the biggest urban area in the Silicon Valley region -- has an AP story that an increasing number of parents are opting for a baby blackout on Facebook by consciously keeping their children's photos, names and entire identities off the Internet.
Aug 20, 2014 - 2:16 AM

News : Innovation
Smartphone owners’ demand for new apps has waned with almost a third of smartphone users not downloading any apps for their devices in a typical month.
Aug 19, 2014 - 8:01 AM

News : Innovation

Education & Jobs: Austria has for decades had a successful economy with low unemployment but also low third level graduate numbers.

Aug 18, 2014 - 2:32 AM

News : Innovation
Dreams of cloning a European version of Silicon Valley, the centre of the US modern tech industry located in the area south of San Francisco, are not new and last December Fleur Pellerin, then France's deputy minister for digital innovation, announced "La French Tech." Inspired by the tech startup environment in London's Tech City/ Silicon Roundabout, La French Tech initiative was backed by a public investment of over €200m but weeks later Newsweek, the US news magazine, invoked the 1685 Revocation of the Edict of Nantes to etch a dystopian vision for the prospects of modern technology in France.
Aug 12, 2014 - 7:10 AM

News : Innovation
Ireland: West Cork Development Partnership (WCDP) says that recent research carried out by Forrester has found that more than 70% of companies on the Global 500 list 10 years ago have vanished - - in effect they were unable to adapt.
Aug 11, 2014 - 8:29 AM

News : Innovation

Venture capital is the exception, not the norm, as a funding source for even tech startups. More VC-backed new companies fail than succeed, and since 1999 US VC funds have barely broken even.

Aug 6, 2014 - 7:30 AM

News : Innovation

Computer coding is a growing area of jobs demand in the US and elsewhere while the function is essentially a trade. However, four-year computer science college degrees are a standard requirement for the job but not alone is this unnecessary, the high demand for places means that many young people with potential cannot enter the sector.

Aug 5, 2014 - 5:43 AM

News : Innovation

The Government on Thursday published the 2013 annual report of the Irish Patents Office (IPO) and the year was the official target set in 2016 for Ireland to be internationally recognised as a 'world class knowledge economy.'

Aug 4, 2014 - 8:53 AM

News : Innovation
The Irish Patents Office has not yet published its 2013 annual report, which is in breach of the law: Section 103 of the Patents Act of 1992 states:
Jul 31, 2014 - 4:00 AM

News : Innovation
Google on Thursday filed its 2013 accounts for its Irish and UK companies - - they show that the search engine giant paid little corporate tax in Ireland and the UK.
Jul 25, 2014 - 7:09 AM

News : Innovation
Facebook on Wednesday reported that profit in the second quarter more than doubled and revenue beat estimates for the ninth straight quarter - - Facebook books half its global revenues in Ireland and the jump in revenues is reflected in Irish services exports.
Jul 24, 2014 - 8:48 AM

News : Innovation
Microsoft said Tuesday that its quarterly profit fell 7.1% as the company had to book a loss from acquiring Nokia's money-losing mobile business.
Jul 23, 2014 - 11:22 AM

News : Innovation

Startups and young companies are responsible for the majority of net annual job creation in the US and other data shows that while high-growth firms in advanced economies make up a small percentage of total firms, they generate up to half of all new jobs and are able to maintain growth during a recession. Because a small number of firms create a huge number of jobs, it is important that policymakers understand more about them. It is also important to note that many of the high growth firms either fail or fade - -  what is key is that new ones replace them.

Jul 23, 2014 - 7:35 AM

News : Innovation
With the expected launch of the iPhone 6 in September, Apple was boosted by "off the charts" sales in China while iPad sales fell in the third quarter compared with the same period in 2013.
Jul 23, 2014 - 1:41 AM

News : Innovation
Switzerland, the United Kingdom (UK) and Sweden topped this year’s Global Innovation Index, while Sub-Saharan Africa posted a significant regional improvement in the annual rankings published by Cornell University, INSEAD, the French business school, and the World Intellectual Property Organization.
Jul 21, 2014 - 2:25 AM

News : Innovation
Google's second quarter revenue growth beat market estimates and its share price rose in after-market close trading despite a rise in costs.
Jul 18, 2014 - 8:44 AM

News : Innovation
Almost three quarters of US STEM graduates do not work in STEM occupations and the 3.8m that do from a total of 14.8m, account for 2.6% of the employed workforce.
Jul 18, 2014 - 4:04 AM

News : Innovation
Microsoft announced today that it plans to cut as many as 18,000 jobs, or 14% of its work force, over the next year, part of a retooling plan in response to the acquisition of Nokia's mobile phone business. Some 1,100 jobs to be lost in Finland from a payroll of 5,000.
Jul 17, 2014 - 2:07 PM

News : Innovation
Irish Software Industry Report: On Monday a report on skills shortages and other challenges in the software sector coincided with the latest Budget 2015 submissions for government welfare from two business lobby groups.
Jul 15, 2014 - 8:00 AM

News : Innovation
Shire Plc, the Irish headquartered company that is run from Boston, USA, and listed in London, announced today taht it’s willing to recommend to its shareholders an AbbVie Inc. takeover for £31.4bn ($53.7bn) in cash and stock, after the US drugmaker raised its offer again.
Jul 14, 2014 - 8:19 AM

News : Innovation
Google Ventures, the venture capital unit of the search engine, announced on Wednesday that it plans to create a European division as it seeks out ideas and potential startup acquisitions.
Jul 10, 2014 - 4:32 PM

News : Innovation

Germany's devastating 7-1 defeat this week of host country and World Cup record holder Brazil, in a semi-final of this year's tournament, reflects the culmination of a roadmap from failure and lessons learned are also the hallmark of German success in business.

Jul 10, 2014 - 7:21 AM

News : Innovation

According to the 'Global Entrepreneurship and Successful Growth Strategies of Early-Stage Companies,' [pdf] report, that was published in 2011 by the World Economic Forum in collaboration with Stanford University and Endeavor Global, the top 1% of companies from among 380,000 companies reviewed across 10 countries contributed 44% of total revenue and 40% of total jobs, while the top 5% contribute 72% of total revenue and 67% of total jobs.

Jul 7, 2014 - 9:50 AM

News : Innovation
Today, the world’s 14bn online electronic devices – such as set-top boxes, modems, printers and game consoles – waste around US$80bn each year because of inefficient technology. By 2020, the problem will considerably worsen, with an estimated USD 120bn wasted. But a report by the International Energy Agency (IEA)   points to a different path, identifying simple measures that can be implemented now to improve energy efficiency in networked devices, resulting in massive savings of energy and money.
Jul 2, 2014 - 11:59 AM

News : Innovation

Michael Malone's new book, "The Intel Trinity : How Robert Noyce, Gordon Moore, and Andy Grove Built the World's Most Important Company" (HarperBusiness), will be published in mid-July and today in an op-ed in The Wall Street Journal, he writes: "For more than a half-century, big technology companies have led the way in inventing revolutionary products and services, from calculators to smartphones. Startups, meanwhile, have built upon those creations with innovations like peripheral devices and software applications. This was as true for the IBM computer as it was for the Apple iPhone. But something fundamental has shifted in Silicon Valley."

Jul 2, 2014 - 7:26 AM

News : Innovation
Once a year, innovative Swiss startups are invited to the US to learn how to attract investors, grow as a company and handle legal issues. Part of the process involves shedding some of their more “modest” Swiss traits.
Jun 30, 2014 - 3:10 AM

News : Innovation

Irish Digital Technology Index: The Irish Software Association (ISA), a unit of Ibec, the main business lobby, today published an annual survey that has lots of superlatives but as hype is not uncommon in high tech, a reality check is required.

Jun 30, 2014 - 2:00 AM

News : Innovation
A report published this week by researchers from the University of St Andrews and the London School of Economics, calls into question UK and Scottish government approaches to small business growth - - policy has been led by the assumption that high-growth startups are struggling to secure investment from risk-averse banks and venture capitalists. As a result, policy initiatives have focused on increasing the supply of funding within the economy with micro tech firms that do not grow getting funding while high-growth UK startups are 'debt-shy' because of a distrust of banks and a reluctance to lose control.
Jun 27, 2014 - 10:42 AM

News : Innovation
Europe Entrepreneurship: While the number of micro companies (less than 10 employees) in the European Union increased by 370,000 (2%) between  2008 and 2013, the number of small, medium and large companies registered no net growth, showing that SMEs face difficulties in scaling up and making a significant difference to growth and employment across Europe according to a new report.
Jun 27, 2014 - 4:13 AM

News : Innovation
Last week taxi drivers protesting in several European cities delivered a huge branding gift to Uber Technologies, a 5-year old Silicon Valley firm, which has a smartphone app for requesting taxis/ cabs.
Jun 17, 2014 - 7:09 AM

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Eurozone retail PMI surges to highest since January 2011
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Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
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