Business
Galway’s young entrepreneurs share €50,000 fund
Twizt Hydration; CloudDock and Pat Divilly Fitness have been announced as overall winners in the Ireland Best Young Entrepreneur competition for Galway with Pat Divilly Fitness named as Galway’s Best Young Entrepreneur.
The companies were presented with their Awards by the Mayor of the City of Galway, Councillor Donal Lyons at a reception in the Local Enterprise Office this week.
The Awards are part of the Local Enterprise Office overall aim to support and recognise young entrepreneurs as part of this national competition.
The prizes worth €50,000 for Galway can be used to create new businesses and help existing businesses strengthen their product offerings to the Irish and export markets. The entrepreneurs and their businesses were judged on areas including: business plans; marketing strategy; finance; the use of technology and innovation in the business and the entrepreneurial skills of the business owner.
Receiving the award for the Best New Idea category was Dara Lynch from Twizt Hydration. Twizt Hydration offers a comfortable hydration solution that can be used seamlessly during runs to aid hydration. This in-turn enhances performance and compliments the overall running experience.
The recipient of the Best Start-Up Business was Cian Brassil of CloudDock. CloudDock acts as a universal adaptor for cloud storage companies making them compatible with each other. CouldDock offers a platform for users to share folders and works across services seamlessly. So, for example, a Dropbox user can work with a Google Drive user, without ever needing to have a Google Drive account or vice versa.
The winner of the Best Established Business was Pat Divilly Fitness, which started as a small fitness class on Silverstrand beach in May 2012 and has quickly become one of Ireland’s most recognised health and wellness companies serving over 800 clients globally each month with his online presence. The business also operates a successful fitness studio in Barna.
“Twizt Hydration; CloudDock and Pat Divilly Fitness are great examples of young business people who are making a mark in Galway and their respective marketplaces. As young entrepreneurs under 30, we are proud of their remarkable achievements to date and confident that these individuals and their companies will continue to carve out and develop a niche for their products here in Ireland while slowly developing their markets in the UK, Europe and the US,” said Breda Fox, Head of Enterprise for the LEO.
Twizt Hydration; CloudDock and Pat Divilly Fitness will represent Galway city and county at the Regional Irelands Best Young Entrepreneur Awards which will be held on October 29. The National Awards will take place in December.
Connacht Tribune
New President for Local Ireland
The new President of Local Ireland, the association representing local news publishers around the country, is Head of Irish Times Regionals Dan Linehan.
Mr Linehan takes over the presidency from Declan McGuire of the Connacht Tribune. His appointment was confirmed at the recent Annual General Meeting of Local Ireland at Bloomfield House Hotel near Mullingar, Westmeath.
Mr Linehan, who has served as Vice President of the organisation for the last two years, said: “The coming years are a very important time for local publishers with many important issues to be addressed, including the implementation of the Future of Media Commission recommendations, defamation reform, the role and support for local publishers in public service reporting and helping publishers develop commercial digital offerings.”
Speaking at the AGM, Mr McGuire acknowledged the work done by the Executive in the past two years under the direction of Executive Director, Bob Hughes, on several projects related to the publishing industry but most especially the successful conclusion of the long-running campaign for the abolition of VAT on newspapers.
He also wished Mr Linehan the very best in his new role as President of the association for the next two years.
Mr Hughes thanked Mr McGuire for his leadership and support during his term of office and said he looked forward to working with Mr Linehan on the key policy priorities for the association, including Government supports, Government advertising, fair remuneration for content from the tech platforms and the reform of the legislation for defamation.
Local Ireland members also elected Seán Mahon, Managing Director of the Southern Star, as Vice President for the next two years.
Connacht Tribune
Employers’ group hears of key challenges facing businesses in the region
The shortage of affordable housing is the single biggest impediment in attracting and retaining workers in the West, according to business group Ibec.
At a ‘Regional Insights Series’ meeting in the Galmont Hotel in Galway last week, employers were told that capacity constraints and labour supply are the key challenges facing business growth in the region.
Ibec Head of Regional Policy Helen Leahy said: “There must be greater focus by government on enhancing quality of life issues such as housing and infrastructure which are driving labour shortages in the region.
“Ibec’s vision for the West is to realise its potential to become a globally competitive location. An inadequate supply of affordable housing is now the single largest impediment to attracting and retaining talented workers, without whom business investment and expansions are not possible.
“Labour shortages are a real concern for businesses in the region. People decide where to live and work based on quality of life and access to high quality services and amenities. Industry tends to follow talent, and in this regard, the region needs to have all the building blocks in place as the attraction and retention of world-class talent becomes increasingly competitive on a global level,” said Ms Leahy.
Amongst Ibec’s priorities for the West are:
- Addressing housing and infrastructure challenges
- Transitioning towards a new growth model with Net Zero energy powered by Atlantic offshore wind resources
- Adapting businesses to the new economic realities
- Enhancing capacity and skillsets to achieve sustainable development objectives
- Investment in people and skills
- Creating competitive advantage through digitalisation
- Innovation as a key driver of productivity growth
Connacht Tribune
Survey finds one in five retailers in Galway want to go fully cashless
One in five Galway businesses want to go fully cashless, as the move towards card payments and tapping continues unabated post-Covid.
In all, 22% of Galway businesses would like to be fully cashless, according to a survey carried out by BOI Payment Acceptance (BOIPA), a provider of payment technology solutions, which asked Irish businesses about the current payment landscape as well as business confidence and concerns.
Over one-third (36%) of Galway businesses were unaware there is no contactless limit on mobile wallets – just below the national average – while 54% believe the increase in card over cash transactions has helped them run their business.
Six out of ten Galway businesses expect to grow this year despite the cost-of-living crisis and running costs dominating as key concerns; 62% believe their business will grow over the next twelve months despite global economic uncertainty.
Unsurprisingly cost-of-living increases and running costs were the main concerns the majority of businesses had.
For more, read this week’s Connacht Tribune.
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