Ireland: Viral test firm Altratech raises €5.2m

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Kernel Capital and Infinity Capital invest in Clare company aiming to tackle infectious diseases

Clare company Altratech has raised €2.2 million to further develop a device that will revolutionise the diagnosis of infectious viral diseases, including HIV.

The new funds come just a month after the University of Limerick spinout received €3 million in funding under the EU Horizon 2020 programme.

Altratech is developing a single-use test kit that will allow “point of care” testing of infectious diseases. This could be anything from a viral outbreak in a disaster zone away from normal medical infrastructure or quick diagnosis in a GP’s surgery.

At present, such testing is carried out by specialist laboratories using highly trained staff. This is costly and can take time to deliver results before treatment can be delivered. And it is even more problematic for treating patients in crisis zones in developing countries.

Company chief executive Tara Dalton says the funds will allow the Irish start-up to develop a working prototype of its design. It will then run initial trials of the device in collaboration with an Irish hospital before working its way through the rigorous regulatory process required for approval to sell its product.

The latest funds have come from Bank of Ireland’s Kernel Capital Growth Fund and from Cyril McGuire’s Infinity Capital. Kernel was an early stage investor in the business, putting €650,000 into the venture back in its initial funding round in 2014 alongside Enterprise Ireland.

Altratech was founded by semiconductor specialist Tim Cummins, biotechnologist Brian Farrell and Dr Dalton, an engineer.

“We want to do viral testing that you can do anywhere and we believe we have the innovation to do that,” said Dr Dalton, who said the idea came from a conversation she had initially with Dr Cummins after both had separately sold previous ventures that had been funded by Kernel. The Altratech team, she said, had “brought together the electronic perspective, the engineering perspective and the biological perspective, with a focus on innovation”.

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Ireland:Central Bank receives 10,000 job applications for 500 positions

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The Central Bank attracted over 10,000 job applications and filled over 500 positions last year, Finance Minister Paschal Donohoe has said.

Minister Donohoe released the figures in response to concerns expressed by Deputy Clare Daly over what she claims is the Central Bank’s inability to fill 200 available positions.

In the 17 months to May, the Central Bank had spent €1.1m on recruitment as it struggles to retain staff being tempted by lucrative packages in the financial services firms

The bank has a team of 10 staff dedicated to recruitment and it spent €882,000 on fees last year. The overall €1.1m spend over the 17 months comes as the Central Bank reported last month a job vacancy rate of 11%, with 203 posts remaining unfilled.

The €295,335 spent in the first five months of this year includes agency placement fees, assessment tools, advertising, and executive search support services.

At the end of May, the Central Bank employs 1,618.3 full-time equivalent (FTE) staff — the figure was 1,515 at end of 2015.

Minister Donohoe replied: “I am informed by the Central Bank that while recruitment for positions across the bank is challenging, and turnover in certain areas, including in financial regulation, is higher than optimal, it is not correct to imply that these challenges are having an impact on the operation of the bank.

“The Central Bank has the ability to effectively re-prioritise to meet any increased level of demand and complexity, but where required to, the Central Bank will increase staff numbers as necessary.”

He said the bank has filled 189 positions in the first half of 2017: “Latest figures available show a net increase of 20 FTEs to the end of May 2017.”

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Ireland: University of Limerick pharma centre receives €1.3m funding to clean up industry’s act

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A pharmaceutical centre at UL has secured significant funding from Enterprise Ireland to support ‘economically important’ research projects.

The pharma industry in Ireland, and globally, is immense. It also plays a key role in the State’s plans to spread industry and employment throughout the country, with its strong west-coast heritage meaning Connacht isn’t left behind.

On that note, Enterprise Ireland funding heading in this direction is rarely a surprise, which is why the new investment of €1.3m for pharma manufacturing research finance at University of Limerick (UL) makes sense.

The Pharmaceutical Manufacturing Technology Centre (PMTC), based at UL, is the organisation receiving the funding, with ‘economically important’ research projects the primary focus.

The funding will aid efforts to improve cleaning processes in the industry, and contribute to network competitiveness in areas such as product-to-product changeover. The research will lead to increased cost savings, and will ensure improved effectiveness in the biopharmaceutical industry, helping to secure jobs.

“Our primary focus in PMTC is to advance cutting-edge innovation; bringing forward novel technologies to advance Irish-based biopharmaceutical companies,” said Dr Chris Edlin, director of the centre.

Edlin claims that the funding will help PMTC to “strengthen our capabilities and expand our services to more partners”, of which some are involved in the Enterprise Ireland allocation.

For example, the centre currently assists more than 30 companies on pharmaceutical manufacturing projects, including continuous manufacturing, plant cleaning and process engineering.

Pfizer is one of the businesses involved, and Dr Liam Tully, director of Pfizer API technology, said that PMTC enhances his company’s competitiveness.

He added that it “ensures, through direct engagement on innovative partnership projects, a sustained focus on applying innovative science and technology in our manufacturing facilities”.

Outstanding project performance relating to industry-informed research activities at PMTC led to the allocation of the funding.

Edlin concluded: “Furthermore, this investment will deliver highly skilled postgraduate jobs, driving enterprise and employment growth in the region.”

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Canada::Lakehead University launching experiential learning placement thanks to RBC (Royal Bank of Canada)

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Lakehead University announced today a commitment from RBC that will expand experiential learning opportunities and provide students with sought-after workforce skills.

A grant of $250,000 from RBC Future Launch will support the development of the RBC Work-Integrated Learning program in the Faculty of Business Administration.

The program will offer students opportunities for learning and on-the-job training where they gain the skills and practical knowledge that ensure a successful transition to a career.

“Lakehead University has long benefitted from the vision and support of RBC,” said Dr. Brian Stevenson, President & Vice-Chancellor of Lakehead University. “Today’s generous gift is an example of RBC’s ongoing investment in our students’ need for more experiential learning opportunities so they may be ready for the challenges that will face them as future leaders.”

Through programming offered by the RBC Work-Integrated Learning program, students will participate in integrated learning opportunities including mentorship and an experiential learning placement. These experiences will give them valuable soft and technical skills, as well as confidence and knowledge that will better prepare them to enter the workforce.

“Experiential learning is an important part of Lakehead’s innovative educational environment,” said Dr. Bahram Dadgostar, Dean of the Faculty of Business Administration. “With RBC’s generous support, the University can enhance the opportunities provided to our students, allowing them to apply knowledge gained in the classroom, explore new ideas and ways of thinking, and have diverse experiences.”

“Our collective prosperity will depend on today’s young people and their ability to take on a future that brings with it unprecedented technological and economic change,” said Murray Walberg, RBC Regional Vice President – Career Sales. “That’s why through RBC Future Launch, we’re working together with community leaders, industry experts, educators and employers to encourage new ways of thinking and approaches to drive long-term, sustainable solutions and ventures in the world of work for future generations. We’re excited to partner with Lakehead, who is leading the way with experiential learning to help ensure workforce security and stability, today and long into the future.”

RBC Future Launch is a 10-year, $500-million commitment to help young people gain access and opportunity to the skills, job experience, and career networks needed for the future world of work. The initiative is the result of two years of conversation with young Canadians from coast to coast. RBC identified three critical gaps to help prepare young people for successful futures: experience, skills and networks.

The RBC Work-Integrated Learning program will admit 20 students annually – both business and non-business students enrolled in Lakehead’s Entrepreneur Certificate program will be eligible to apply. The program will be delivered across both the Thunder Bay and Orillia campuses.

Photo cutline: Dr. Brian Stevenson, Lakehead’s President and Vice-Chancellor, thanked RBC for the generous gift to develop the RBC Work-Integrated Learning program in the Faculty of Business Administration.

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IRELAND:Cybersecurity firm to create 78 jobs in Dundalk

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A medical device cybersecurity company is to create 78 jobs in Co Louth over the next four years.

Nova Leah is a spin-out firm from researchers of the Lero Irish software centre, based at the Regulated Research Centre at the Dundalk Institute of Technology.

The firm has built cybersecurity risk management software for manufacturers of medical device and healthcare products, called SelectEvidence.

It helps those making medical devices to comply with Food and Drug Administration requirements and cybersecurity best practice over the lifetime of the product.

Investors in the firm include COSIMO Venture Partners and Enterprise Ireland.

The company has opened an office in Boston and hopes to tap in to the US market where there are 6,500 medical device manufacturers.

The initial plan is to target customers in the imaging and electromedical device market, which is worth €137bn.

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Study, Earn & Work in Ireland Series: 5 Simple Steps to Success!Mainly for SAP Manager

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Step 1 : Study 1 Year Masters in IT or Computing from our Government College/University in Ireland.

Step 2 : Invest around 25000 Euros including Tuition Fees and Living Costs for the 1st Year without working Part Time.

Step 3 : Get 2 Years Post Study Work Permit and work as a SAP Manager with an Average Starting Salary of 70000 Euros & Save More than 45000 Euros.

Step 4 : Work for 2nd Year in Ireland and Get Green Card. This is the Best Option to Study, Earn & Work in Ireland

With Ireland firmly recognised as an IT hub, with a blend of companies ranging from multinationals to SMEs and a strong start-up culture, it will continue to attract talent from around Europe as well as support a strong indigenous talent pool. Companies in Ireland have geared recruitment processes accordingly and the vast majority of teams are now truly multicultural. Ireland’s ICT sector is world-renowned and is expected to grow larger in 2017.

Our reputation as a centre of software excellence is unrivalled in Europe. It is home to over 900 software companies, including both multinational and indigenous firms, employing over 100,000 people and generating €80 billion of exports annually. The sector’s wide ranging activities include software development, R&D, business services and EMEA/International headquarters. Almost every globally recognised software company has a base in Ireland. This has not only catapulted Ireland to being one of the major global players in the software sector, but has created a deep pool of talent that has turned Ireland into a hotbed for indigenous firms

HOT JOBS: DevOps Engineer • Scala Developer/Java Developer • Frontend/Fullstack Developer • QA – Automation • Data Scientist

Step 5 : Thus Hurry Up! Grab This Golden Opportunity & Register Yourself at 95823 97563

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Study, Earn & Work in Ireland Series: 5 Simple Steps to Success!Mainly for UX Designer

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Step 1 : Study 1 Year Masters in IT or Computing from our Government College/University in Ireland.

Step 2 : Invest around 25000 Euros including Tuition Fees and Living Costs for the 1st Year without working Part Time.

Step 3 : Get 2 Years Post Study Work Permit and work as a UX Designer with an Average Starting Salary of 70000 Euros & Save More than 45000 Euros.

Step 4 : Work for 2nd Year in Ireland and Get Green Card. This is the Best Option to Study, Earn & Work in Ireland

With Ireland firmly recognised as an IT hub, with a blend of companies ranging from multinationals to SMEs and a strong start-up culture, it will continue to attract talent from around Europe as well as support a strong indigenous talent pool. Companies in Ireland have geared recruitment processes accordingly and the vast majority of teams are now truly multicultural. Ireland’s ICT sector is world-renowned and is expected to grow larger in 2017.

Our reputation as a centre of software excellence is unrivalled in Europe. It is home to over 900 software companies, including both multinational and indigenous firms, employing over 100,000 people and generating €80 billion of exports annually. The sector’s wide ranging activities include software development, R&D, business services and EMEA/International headquarters. Almost every globally recognised software company has a base in Ireland. This has not only catapulted Ireland to being one of the major global players in the software sector, but has created a deep pool of talent that has turned Ireland into a hotbed for indigenous firms

HOT JOBS: DevOps Engineer • Scala Developer/Java Developer • Frontend/Fullstack Developer • QA – Automation • Data Scientist

Step 5 : Thus Hurry Up! Grab This Golden Opportunity & Register Yourself at 95823 97563

Read More at  http://www.careerxls.net/campaigns/MBlogs/blog311.html