{"id":829,"date":"2022-03-20T10:42:11","date_gmt":"2022-03-20T10:42:11","guid":{"rendered":"https:\/\/theinnovationexchange.ie\/?p=829"},"modified":"2024-05-17T21:33:10","modified_gmt":"2024-05-17T20:33:10","slug":"minister-harris-announces-e5-million-investment-in-the-innovation-exchange","status":"publish","type":"post","link":"https:\/\/theinnovationexchange.ie\/ga\/minister-harris-announces-e5-million-investment-in-the-innovation-exchange\/","title":{"rendered":"\u20ac5million investment in The Innovation Exchange"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><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>Minister Harris announces\u00a0 new \u20ac5 million investment<\/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  headingSeparator\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>On February 17<sup>th<\/sup> 2022 Minister for Further and Higher Education, Research, Innovation and Science, Simon Harris T.D. joined Skillnet Ireland and Dublin BIC (Dublin Business Innovation Centre to launch\u00a0<strong>The Innovation Exchange.<\/strong><\/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 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 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><strong>What is <span style=\"color: #64a70b;\">The Innovation Exchange<\/span>?<\/strong><\/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>It is a new enterprise-led initiative that connects businesses facing innovation challenges with ambitious SMEs that can fast track solutions.\u00a0 It creates an innovation marketplace that accelerates growth and delivers commercial success for both.<\/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 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 greyRow 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><strong>Addressing and removing barriers <span style=\"color: #64a70b;\">to doing business <\/span><\/strong><\/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><a href=\"https:\/\/www.skillnetireland.ie\/\">Skillnet Ireland<\/a>, in partnership with <a href=\"https:\/\/www.dublinbic.ie\/\">Dublin BIC<\/a>, has developed The Innovation Exchange to address the barriers that exist for SMEs engaging with large multinational organisations and government. Following a successful pilot in 2021, an investment of \u20ac5 million will now see The Innovation Exchange being rolled out to companies nationwide.<\/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 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 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><strong>Identifying challenges, <span style=\"color: #64a70b;\">developing solutions<\/span><\/strong><\/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>Supporting 300 companies in 2022, this multi-year initiative focuses on identifying challenges within the area of digital transformation and using emerging technologies such as artificial intelligence, Internet of Things (IoT) and robotics across key sectors including energy, food, travel, health, education, human resources, logistics and compliance.<\/p>\n<p>The collaboration between ambitious SMEs and established multinationals is creating opportunities for participating SMEs through access to new markets, new customers and industry expertise. Participating multinationals can, in turn, gain access to start-up creativity, new ways of working and ways to successfully harness emerging technologies.<\/p>\n<p>Watch the full launch event below<\/p>\n<div style=\"padding: 56.25% 0 0 0; position: relative;\"><iframe style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\" title=\"The Innovation Exchange Launch __ FULL EVENT (1).mp4\" src=\"\/\/player.vimeo.com\/video\/680073843?title=0&amp;amp;byline=0\" width=\"425\" height=\"350\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p><script src=\"https:\/\/player.vimeo.com\/api\/player.js\"><\/script><\/p>\n<p>&nbsp;<\/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\">\n\t<div class=\"wpb_text_column wpb_content_element  headingSeparator\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h2><strong>Creating real business opportunities \u2013 <span style=\"color: #64a70b;\">Simon Harris <\/span><\/strong><\/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>Launching the initiative at Dublin\u2019s Guinness Enterprise Centre,\u00a0<strong>Minister Simon Harris. T.D.<\/strong>\u00a0said,\u00a0<em>\u201cI am delighted to launch this new initiative, which teams enterprise in Ireland with global organisations. This creates real business opportunities for small and medium-sized businesses while also seeking to address innovation challenges facing larger companies. We will support 300 companies in 2022 across many sectors including technology, agri-food and energy, and we will support this with a \u20ac5 million investment.\u201d<\/em><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row 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><strong>Captures the spirit of collaboration \u2013 <span style=\"color: #64a70b;\">Paul Healy <\/span><\/strong><\/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>Paul Healy, Chief Executive Skillnet Ireland<\/strong>\u00a0said,\u00a0<em>\u201cThe Innovation Exchange perfectly captures the spirit of collaboration that lies within the Irish business ecosystem. As a talent development agency, Skillnet Ireland is committed to supporting businesses at both ends of the scale, be that our home-grown SME community to the major multinationals that are vital to our economic wellbeing. Through the Innovation Exchange, and in partnership with Dublin BIC, we are connecting ambitious SME leaders with some of the leading global organisations based in Ireland with the common goal of boosting innovation and competitiveness.\u201d<\/em><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/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\">\n\t<div class=\"wpb_text_column wpb_content_element  headingSeparator\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h2><strong>Develops structures &amp; processes to make innovation work \u2013 <span style=\"color: #64a70b;\">Michael Culligan<\/span><\/strong><\/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>Michael Culligan, CEO, Dublin BIC<\/strong>, said,\u00a0<em>\u201cThe Innovation Exchange is an ambitious initiative for ambitious businesses which accelerates innovation and drives real results. By developing the structures and processes to make innovation partnerships work, The Innovation Exchange will see Irish SMEs bring their ground-breaking solutions to some of the largest corporate businesses in Ireland. Not only does this relationship offer solutions to multinational businesses, but it has the ability to help SMEs in charting a course toward expansion, scale and success.\u201d<\/em><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row 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><strong>Join the smart businesses who are <span style=\"color: #64a70b;\">already involved<\/span><\/strong><\/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>Glanbia and IBM are two of the multinational corporations currently taking part in The Innovation Exchange. Current participating SMEs include Tigim, Empeal and Buymedia .\u00a0 Don\u2019t miss out on the business opportunities that this programme can bring to your business.\u00a0<a href=\"https:\/\/theinnovationexchange.ie\/ga\/register\/\">Apply today and start your innovation success.<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>This new enterprise-led initiative builds an innovation marketplace that accelerates business transformation 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