‘There was a bit of the green jersey': Irish fintechs and a minister in Amsterdam for Money20/20
Robert Troy, Minister of State at the Department of Finance, being interviewed at Money 20/20 Europe in Amsterdam. Picture: Enterprise Ireland
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Irish Times
7 hours ago
- Irish Times
ICS Medical Devices to create 72 new jobs by 2028
Galway-based catheter designer and manufacturer ICS Medical Devices is to create 72 new jobs by 2028 after winning €1.5 million in funding from Enterprise Ireland. The new roles will come in engineering, human resources, manufacturing and quality. The company currently employs 130 people. ICS, which was founded in 2019, was approved for the funding through a number of Enterprise Ireland supports. It said it will be invested in facilities, capabilities, training and development, digitalisation, as well as in new technologies. The latest accounts filed by the company, which cover the 12 months to the end of June last year, show it generated a turnover of €10.7 million in the year, which was up from €7.8 million the year before. READ MORE It made a profit of €2.6 million over the same period, which was up from €1.8 million. Chief executive Seamus Fahey told The Irish Times he would not disclose specific figures for the most recent 12 month period, but said the company was 'definitely continuing our year-on-year trend of about 20 per cent growth'. Minister of State with responsibility for Employment Alan Dillon said: 'ICS is an Irish company that has experienced impressive growth in the last six years and is leading in the research and development within the medical device space. 'The Government through Enterprise Ireland looks forward to continued engagement with ICS Medical to support their business development in overseas markets.' Jenny Melia, incoming chief executive of Enterprise Ireland, said the company was at the forefront of innovation in the medtech sector, developing 'best in class' catheters. 'Supporting Irish companies with the ambition to scale globally is a key priority for Enterprise Ireland and we will continue to work closely with ICS Medical to optimise their full international growth potential, creating and sustaining jobs here in the Galway region,' she said. She said the company was 'playing a vital role' in strengthening Ireland's medtech sector.
RTÉ News
13 hours ago
- RTÉ News
ICS medical devices announces 72 new jobs in Galway
ICS Medical Devices has announced that it plans to create 72 new jobs by 2028. The new roles at the catheter design and manufacturing services provider in Galway will be across engineering, human resources, manufacturing, and quality. The company, which was founded in 2019, has been approved €1.5 million in funding through a number of Enterprise Ireland supports which will directly support investment in facilities, capabilities, people & new technologies. CEO of ICS Medical Devices Seamus Fahey described the development as a reflection of the hard work of the team, the continued investment in new technologies, and the increasing demand for the company's services. "We look forward to continuing to support our customers in pioneering advancements in medicine. We sincerely thank Enterprise Ireland for their continued support, which has been instrumental in helping us scale and succeed." Incoming CEO of Enterprise Ireland Jenny Melias said:"ICS Medical is at the forefront of innovation in the medtech sector, developing best in class catheter solutions to meet the needs of the global healthcare sector. "Supporting Irish companies with the ambition to scale globally is a key priority for Enterprise Ireland and we will continue to work closely with ICS Medical to optimise their full international growth potential, creating and sustaining jobs here in the Galway region."
Irish Independent
13 hours ago
- Irish Independent
Louth County Council signs contract for construction works to begin on Drogheda Digital Hub
The signing commences construction works that will begin immediately on the project, with an aim to boost local enterprise and innovation in Drogheda. Doors are expected to open in late summer. The project will see the complete refurbishment and fit-out of a formerly derelict building into a modern, co-working and innovation space. The refurbishment is funded through Enterprise Ireland's Border Enterprise Development Fund, which is funded under the EU's Brexit Adjustment Reserve (BAR), with co-funding from Louth County Council. The Drogheda Digital Hub is designed to support start-ups, remote workers, and scaling tech enterprises by offering affordable co-working space, business support services, training and tailored mentoring programmes. It is expected to house over 20 co-working desks, meeting rooms, private booths, and breakout areas – providing a modern, professional environment for the region's next generation of entrepreneurs. Chief executive of Louth County Council, David Conway said: 'The Drogheda Digital Hub will support the creation of a vibrant cluster of digital start-ups, right in the heart of the town, and is a beacon for urban renewal on West Street in Drogheda. 'It reinforces that the future development of the town is positive and is further evidence that Louth County Council and our partners and stakeholders are committed to delivering projects that will improve quality of life.' With a 13.2% population increase and more than 7,000 new homes planned for the area, the organisers said that the timing of the initiative is 'critical' to support local entrepreneurship. The signing was attended by senior representatives from Louth County Council, Enterprise Ireland, Drogheda and District Chamber of Commerce, local dignitaries and the appointed contractor, Gavin Duffy, along with the director from Doohamlet Construction. Cllr Kevin Callan, Cathaoirleach of Louth County Council, said: 'Transforming a once-derelict building into a state-of-the-art Digital Hub is a signal that Drogheda is open for innovation, investment, and fresh ideas. 'As well as providing much-needed incubation space for budding entrepreneurs, the Drogheda Digital Hub will draw footfall back to West Street, boosting local businesses, and positioning the town as one of the North-East's leading locations for digital enterprise.'
