Suir Valley Ventures's Barry Downes represents Waterford at International VR Conference


BarryDownesBarry Downes, the Founder of Feedhenry and Chairman of the TSSG (Software Research Centre in WIT) is now the Managing Partner of Suir Valley Ventures, Waterford's only Venture Capital Company - and the only VC company outside Dublin and Cork.


Barry is in California this week as a keynote speaker at a Virtual Reality Conference (VR eLearning Overivew) putting Waterford again on the IT / Software map and competing with the giants in Silicon Valley.


Suir Valley Ventures have a multi million euro fund to invest in Virtual Reality and Augmented Reality and as reported have made their first investment in local "Immersive VR Education" an award winning VR company set up by David and Sandra Whelan, with many other deals in the pipline.


The incredible success of the IT / Software Sector in Waterford - the vision of Professor Willie Donnelly WIT President when he founded the TSSG continues to grow, continues to create jobs and cements Waterford's position in the Global Software Industry. Professor Donnelly's vision is an amazing success story that continues to push the boundaries.

New Frontiers Programme at WIT


New Frontiers Apply

New Frontiers Phase 1 

New Frontiers is a WIT / ITC collaboration and is funded by Enterprise Ireland. It is an intensive training and support programme that provides business master classes, mentoring, desk space, networking, plus €15,000 in financial support (subject to eligibility) to accelerate the business start-up growth.


The New Frontiers Programme is for potential entrepreneurs who have a well thought-out innovative business idea or an innovative technology that has the potential to be developed into a scalable high potential company. Applicants should have enthusiasm, confidence and single-mindedness about setting up and running their own business. They should be committed to spending time on researching the market potential and launching a new business, in the South East.


Phase 1 of the Programme will commence in Waterford in September 2017 on a part-time basis, with Phase 2 commencing in December 2017. Anyone interested can apply via the online application available here.


For further information please check out New Frontiers at:

Waterford company Kyckr signs deal with Bloomberg


ASX-listed Kyckr has announced it has signed a three-year deal with global information services giant Bloomberg. The company, which floated last year, went into a trading halt on 17th July, which suggests the new contract is material although it will not reveal how much it is worth.


The deal means Kyckr will provide access to business registry data for Bloomberg customers, which includes big banks in the United States and elsewhere. Cassidy says securing a global blue-chip client like Bloomberg is expected to give the company a big global, particularly in the United States. Many of its customers are based in Europe. David Cassidy, the managing director of Australian fintech group Kyckr, says keeping up with anti-money laundering compliance obligations is "like painting the Sydney Harbour Bridge". It never stops.


Kyckr is a relatively small Australian firm that is becoming a major player in the fast-growing field of regulatory technology, which enables banks and other companies to properly identify the customers they are supporting with the aim of weeding out illegal activities.


The global financial crisis was a disaster for the banking industry but it has become a goldmine for start-ups being employed by big banks and other large corporations to make sure they meet increasingly strict compliance rules.


Kyckr uses Blockchain technology to help banks and other customers meet their obligations under so-called Know Your Customer (KYC) rules, which are designed to prevent the funding of terrorism and tackle money laundering. Cassidy says the company effectively has a huge plumbing network which connects companies to 180 primary sources of information around the world, such as registries like the Australian Securities and Investments Commission (ASIC).


Kyckr does not store information itself but goes direct to sources to ensure any information is up-to-date in case the company concerned is no longer compliant. While Kyckr has its origins in ArcLabs, Waterford Ireland, Cassidy, who spent years working for the Packer family, and his Sydney-based chairman Albert Wong backed the idea. Australia's strict listing rules meant an ASX listing was seen as a way to give the company the credibility it needed with offshore customers.)


Some more information here

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