Galway Bay FM News Archives
GALWAY FIRM SECURES VENTURE CAPITAL FUNDING
Date Published: 20-Sep-2011
A Galway medical devices company has just secured 1.6 million euro in venture capital funding.
The Minister for Jobs, Enterprise and Innovation Richard Bruton announced the investment for Neosurgical Ltd at a trade mission in North Carolina today.
Venture Capital firm Kernel Capital has led the investment, which includes half a million euro from Bank of Ireland, with the remainder of the funds provided by Enterprise Ireland and a number of private investors.
Neosurgical Ltd is based in the Innovation Centre at GMIT and currently employs 5 medical devices specialists.
The firm develops devices for abdominal surgery such as hernia operations.
Speaking from the US, CEO of Neosurgical Barry Russell says the talent pool in Galway had a lot to do with setting up business here
Date Published: 07-May-2013
Galway has a population of young people which is more than twice the national average.
According to information gathered by the Central Statistics Office, Galway’s population of 20 to 24 year olds is more than twice the national average.
The number of 25-34 year olds in Galway is also more than the norm nationally, with the two main colleges thought to be the main reason.
However immigration in Galway is much higher than in other areas at 19.4 percent, compared to the national average of 12 percent.
Date Published: 07-May-2013
A city councillor is encouraging people to donate goods directly to charity shops.
It follows allegations of thefts from clothes banks in Galway and across the country in recent months.
However, cameras are in place at some clothes banks and surveillance is carried out by local authorities.
Speaking on Galway Talks, Councillor Neil McNeilis said the problem of theft from clothes banks is widespread.
Date Published: 07-May-2013
A park ‘n’ ride scheme from Carnmore into Galway city could become a permanent service if there is public demand.
That’s according to the Chief Executive of Galway Chamber of Commerce, Michael Coyle.
The pilot scheme will begin at 7.20 next Monday morning, May 13th.
Motorists will be able to park cars at the airport carpark in Carnmore and avail of a bus transfer to Forster Street in the city.
Buses will depart every 20 minutes at peak times and every 30 minutes at offpeak times throughout the day, at a cost of 2 euro per journey.
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