{"id":1052,"date":"2022-04-08T12:10:09","date_gmt":"2022-04-08T11:10:09","guid":{"rendered":"https:\/\/theinnovationexchange.ie\/?p=1052"},"modified":"2024-05-17T21:33:10","modified_gmt":"2024-05-17T20:33:10","slug":"in-the-news-the-innovation-exchange","status":"publish","type":"post","link":"https:\/\/theinnovationexchange.ie\/ga\/in-the-news-the-innovation-exchange\/","title":{"rendered":"In the news &#8211; The Innovation Exchange"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid rowPadding\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element  headingSeparator\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h2>The Innovation Exchange \u2013 <span style=\"color: #64a70b;\">This new initiative is making headlines<\/span><\/h2>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>The Innovation Exchange, a new initiative designed to accelerate corporate innovation and create business opportunities for scaling SMEs launched on February 17<sup>th<\/sup> 2022.\u00a0 The current call for applications from companies that can deliver digital transformation solutions has caught the attention of some national journalists in recent times.\u00a0\u00a0 Below are links to the most recent articles.\u00a0 They showcase the innovativeness of the participants and how innovation is the catalyst for success.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div data-vc-full-width=\"true\" data-vc-full-width-temp=\"true\" data-vc-full-width-init=\"false\" class=\"vc_row wpb_row vc_row-fluid rowPadding greyRow\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element  headingSeparator\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h2><span style=\"color: #64a70b;\">Irish SMEs become a breath of fresh air for global giants<\/span><\/h2>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><strong>Sunday Times\u00a0 24<sup>th<\/sup> March 2022\u00a0 By\u00a0<\/strong><strong>Susan O\u2019Connell <\/strong><\/p>\n<p>When the pandemic arrived, Marie Therese McCormack and her co-founder John Cleary of EAM Group, an engineering consultancy, saw a need for safe, portable and effective air cleaning systems.<\/p>\n<p>Not happy with the solutions available, which focused on ozone, ionisation or plasma, they designed their own.<\/p>\n<p>It\u2019s called AerNua and uses covered UV-C light to purify air. It\u2019s perfectly suited to workplaces, and the company was keen to talk to large organisations. But how to do it? Despite having both worked in large multinationals, neither had experience of selling to them.<\/p>\n<p>They signed up for the Innovation Exchange, a new initiative from Skillnet Ireland and the Dublin Business Innovation Centre. It brings enterprises in need of innovative solutions together with small businesses able to provide them.<\/p>\n<p>Being a start-up is a huge learning curve, McCormack says. \u201cWe were the underdog because no one knew the product or the technology, so how do we put it forward?\u201d she says.<\/p>\n<p>\u201cInnovation Exchange helped to get us in front of potential customers. Rather than sending them jargon by email, they could talk to us.\u201d\u2026\u2026<\/p>\n<p><a href=\"https:\/\/www.thetimes.co.uk\/article\/irish-smes-become-a-breath-of-fresh-air-for-global-giants-hpktj7vwq\">Read the full article here:<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vc_row-full-width vc_clearfix\"><\/div><div class=\"vc_row wpb_row vc_row-fluid rowPadding\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element  headingSeparator\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h2><span style=\"color: #64a70b;\"><strong>How tech SMEs and large organisations can work together<\/strong><\/span><\/h2>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><strong>Silicon Republic 30 March 2022\u00a0 by\u00a0<\/strong><strong>Jenny Darmody<\/strong><\/p>\n<p>With an investment of \u20ac5m, The Innovation Exchange aims to support more than 300 Irish SMEs in 2022 through exposure to large multinationals.\u00a0\u00a0 Recent figures have shown that it is a great time to be an Irish tech start-up. According to the latest Irish Venture Capital Association\u2019s survey, investment into Irish tech start-ups and SMEs reached a record \u20ac1.3bn last year, marking a 44pc increase from the previous year.<\/p>\n<p>What\u2019s more, many of these start-ups are developing tools and services that can meet the requirements of larger businesses that are facing digital transformation challenges.<\/p>\n<p>However, tech start-ups and SMEs still face a number of their own challenges, especially when it comes to identifying and accessing buyers.<\/p>\n<p>Even when SMEs do get access to big players, the length of the sales cycle and the complexity of the procurement process in large organisations can be barriers to getting business done in a way that is efficient and commercial. Companies that are scaling have their own struggles too when it comes to accessing new markets or broader industry expertise.<\/p>\n<p>In order to address some of these challenges, Skillnet Ireland teamed up with Dublin Business Innovation Centre (BIC) to launch The Innovation Exchange, which aims to connect SMEs with large multinational organisations\u2026\u2026<\/p>\n<p><a href=\"https:\/\/www.siliconrepublic.com\/business\/tech-smes-innovation-exchange\">Read the full story here:<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div data-vc-full-width=\"true\" data-vc-full-width-temp=\"true\" data-vc-full-width-init=\"false\" class=\"vc_row wpb_row vc_row-fluid rowPadding navyRow whiteText\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element  headingSeparator\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h2><span style=\"color: #64a70b;\"><strong>Irish innovation-no room for complacency as performance declines<\/strong><\/span><\/h2>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><strong>Irish Times (Digital) 31<sup>st<\/sup> March 2022 by\u00a0<\/strong><strong>Barry McCall<\/strong><\/p>\n<p>According to the Global Innovation Index (GII), which ranks world economies according to their innovation capabilities, Ireland ranks 19th of the 132 economies featured.<\/p>\n<p>The Index is published by the World Intellectual Property Organisation (WIPO), a specialised agency of the United Nations. It ranks world economies according to their innovation capabilities, using a framework of roughly 80 indicators.<\/p>\n<p>That puts Ireland near the top of the class, which is good. But in 2020, Ireland was ranked 15th and the previous year, 12th, so the trend is going on the wrong direction, which is bad.<\/p>\n<p>In all, the index suggests that Ireland is performing below expectations for its level of development.<\/p>\n<p>A similar picture emerges from the European Innovation Scoreboard (EIS), a comprehensive assessment of the research and innovation performance of EU member states and selected third countries.<\/p>\n<p>It classifies Belgium, Denmark, Finland and Sweden as \u201cinnovation leaders\u201d, whose innovation performance is well above the EU average. Ireland sits in the next batch, called \u201cstrong innovators\u201d, alongside Austria, Estonia, France, Germany, Luxembourg and the Netherlands, whose performance above the EU average.<\/p>\n<p><a href=\"https:\/\/www.irishtimes.com\/business\/innovation\/irish-innovation-no-room-for-complacency-as-performance-declines-1.4828511\">Read the full story here.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>If you would like to apply to join The Innovation Exchange<a href=\"https:\/\/theinnovationexchange.ie\/ga\/register\/\"> click here\u00a0<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vc_row-full-width vc_clearfix\"><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Read how this new initiative to drive innovation and collaboration has caught the attention of national journalists.<\/p>","protected":false},"author":14,"featured_media":3285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[31],"class_list":["post-1052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-year-2022","category-1","description-off"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>In the news - The Innovation Exchange<\/title>\n<meta name=\"description\" content=\"In the news - read how this new initiative to drive innovation caught the attention of national journalists.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theinnovationexchange.ie\/ga\/in-the-news-the-innovation-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In the news - The Innovation Exchange\" \/>\n<meta property=\"og:description\" content=\"In the news - read how this new initiative to drive innovation caught the attention of national journalists.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/theinnovationexchange.ie\/ga\/in-the-news-the-innovation-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"The Innovation Exchange\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-08T11:10:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-17T20:33:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/theinnovationexchange.ie\/wp-content\/uploads\/2022\/04\/news6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1439\" \/>\n\t<meta property=\"og:image:height\" content=\"516\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rosemary Bergin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rosemary Bergin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/theinnovationexchange.ie\\\/in-the-news-the-innovation-exchange\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/theinnovationexchange.ie\\\/in-the-news-the-innovation-exchange\\\/\"},\"author\":{\"name\":\"Rosemary Bergin\",\"@id\":\"https:\\\/\\\/theinnovationexchange.ie\\\/#\\\/schema\\\/person\\\/02e7890566a8843269fabe46ab3aa873\"},\"headline\":\"In the news &#8211; 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