FinTrU wins Queen’s Award for Enterprise 2022 for International Trade

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FinTrU, a technologically enabled regulatory solutions company, has been honoured with a Queen’s Award for Enterprise (International Trade) in 2022.

The company won the Queen’s Award for International Trade for ‘Outstanding Continuous Growth’ in overseas sales over the last six years.

Headquartered in Belfast, FinTrU has rapidly expanded in recent years with additional global offices in Derry/Londonderry, New York, London, Dublin and Maastricht.

FinTrU Founder & CEO, Darragh McCarthy, said “It is an absolute honour for FinTrU to be recognised in this way. The Queen’s Award for Enterprise is an incredibly prestigious accolade with a vast array of highly respected winners over the years. We are delighted at FinTrU to see the hard work of our employees rewarded with this fantastic achievement.”

Employing over 1,000 people, FinTrU was founded in 2013 and provides technologically enabled Regulatory Solutions for Investment Banks – specialising in the areas of KYC, Compliance, Legal, Risk & Controls and Operations.

Now in its 56th year, the Queen’s Awards for Enterprise are the most prestigious business awards in the country, with winning businesses able to use the esteemed Queen’s Awards Emblem for the next five years.

Source: Written from press release.

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Delight as Derry – Londonderry named regional winner in The UK’s Top Towns & Cities for Business competition

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There was delight this week after Derry was named as a regional winner in a competition celebrating locations which have the most to offer for entrepreneurs and businesses. The UK’s Top Towns for Business competition was being run by Enterprise Nation in partnership with Dell UKand Intel UK and aimed to shine a spotlight on the UK’s towns and cities that successfully nurture entrepreneurial spirit in order to make a lasting impact on local communities and the economy.

Locations across the UK were judged on a variety of different business-related sectors including connectivity, dedicated space, retail space, networks and leadership, and after Derry/Londonderry made it onto the shortlist for the NI award, a public vote saw the city come out on top.

Mayor of Derry City and Strabane District Council, Alderman Graham Warke, said: “We are absolutely delighted to have been named as a regional winner for the UK Top Towns for Business 2022 competition.“The fact that we have been shortlisted and now selected as the top location after a public vote once again highlights why our city and region is such a prime and attractive location for living, working and investment. The area offers so much to entrepreneurs and businesses, from connectivity to workshops to networking and everything in between.

“We nurture and support entrepreneurial ambition and would welcome any individuals or organisations seeking to work and invest in this region. Thanks to everyone who voted to support our city in this competition.”​

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PwC takes new tech space at Ulster University’s Magee Campus

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PwC is opening a space at Ulster University’s Magee Campus in Derry/Londonderry as part of its investment in innovation in Northern Ireland.

The space will house research and development for its £40m Advanced Research and Engineering Centre (ARC), which launched last year in conjunction with Ulster University and Queen’s University Belfast, with support from Invest Northern Ireland. 

Through its alliances with government and academia, ARC’s innovation ecosystem is looking to build solutions to complex business problems into the next decade and beyond. This latest collaboration will see Ulster University students and researchers, at the Jordanstown and Magee campuses, work alongside Operate staff.

The new space will be used primarily as a base for ARC staff based in the North West of the country as PwC Operate ramps up recruitment from beyond its Belfast base. PwC Operate will start with four people at Ulster University’s Magee campus, but is looking to establish a larger team as ARC builds out its capabilities. 

Ian McConnell, PwC Operate Lead Partner, commented: “We’re delighted to be establishing a presence in the northwest. ARC’s vision includes university postgraduates working on research projects that feed into the software engineering function of ARC, as we develop solutions to our clients’ problems. ARC will continue to be based in our Merchant Square HQ in Belfast, but we’re keen to recruit from as wide a talent pool as possible. To be able to offer opportunities to people across the country is something very close to my heart and I believe fundamental to the success of this initiative.”

Jim Harkin, Head of the School of Computing, Engineering and Intelligent Systems from Ulster University also added: “It is positive for the Derry and Strabane City and District that PwC’s Operate will open an office at Ulster University’s Magee campus. The new office located on the Magee campus reflects the growing interest in doing business in Derry/Londonderry because of the easy access to talented people and innovative research from the Intelligent Systems Research Centre. As we develop research centres for robotics, AI and personalised medicine in the years to come as part of the Derry & Strabane City Deal, we will see more and more companies growing their presence in the North West and creating high-tech jobs.” 

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Our Place in Space is Ready for Launch

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Centred around an epic scale model of the solar system designed by the artist Oliver Jeffers with support from leading astrophysicist Professor Stephen Smartt, Our Place in Space combines a three-dimensional sculpture trail, interactive AR app and exciting learning and events programmes.

Coming in 2022, the sculpture trail will stretch over 10 kilometres and will travel from a riverside location in Derry~Londonderry (April / May) to Divis and Black Mountain in Belfast (June / July), before heading to Cambridge (August) and returning to Northern Ireland at the Transport Museum and North Down Coastal Path (September / October).

Artist Oliver Jeffers said: “For centuries, we’ve defined ourselves by who we are and who we’re not. Which side we choose, on what ground we stand, who and what we fight for. A human story, that lives merely in human minds. But with distance comes perspective… Our Place in Space is a playful experiment that asks: What is the difference between ‘us’ and ‘them’? What happens to your perspective on everything when you look back at Earth from space?”

The team behind Our Place in Space is led by Nerve Centre and includes artists Oliver Jeffers and Die Hexen, Professor Stephen Smartt from the Astrophysics Research Centre at Queen’s University Belfast, as well as National Museums NI, NI Science Festival, Big Motive, Taunt, Microsoft, Jeffers & Sons, University of Cambridge, Dumbworld, Live Music Now, Little Inventors, and Urban Scale Interventions.

Location partners include Derry City & Strabane District Council, National Trust, Cambridge City Council and Ards & North Down Borough Council.

David Lewis, Executive Producer at the Nerve Centre, said: “Our Place in Space is an exciting collaboration between some of our finests minds in science, technology and the arts.”

‘From creating a star to writing a symphony for the universe, inventing a new form of transport, building a Minecraft planet or connecting with space watchers in Vietnam or Iraq, Our Place in Space invites participants to look at our solar system in a different way – exploring what it means to live on Earth in 2022, and how we might better share and protect our planet in future.’

Our Place in Space is Northern Ireland’s project for UNBOXED: Creativity in the UK, commissioned by Belfast City Council.

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Pop Up Shop scheme to showcase top new talents

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Some of Derry and Strabane’s finest new entrepreneurs were unveiled today as the winners of the RE:IMAGINE new Pop Up Shop initiative, offering a platform to showcase the very best new products on the market.The six successful candidates battled it out for places in a prime retail space in Foyleside, Derry and the Pagoda Strabane, following a Dragon’s Den style pitching event to sell their ideas to a panel of expert judges.RE:IMAGINE is organised by Derry City and Strabane District Council, and delivered by The Fashion & Textile Design Centre (FTDC) in Derry and BID in Strabane.The initiative is part of the new Start Up Accelerator Programme being rolled out by Derry City and Strabane District Council, Enterprise NW and Strabane Enterprise Agency, with £240,000 secured to assist individuals who have participated in the Go For It Programme, to take their business ideas further and develop their business skills. The programme is funded by the UK Government through the UK Community Renewal Fund.The brands which will be showcasing their latest products are Coalesce Wearable Art; Koto Candles; VS – Mend and Make Do, Oh Sew Design Co.; Scottie Paws; Connie Ann. Each enterprise will be able to show their products in a busy trading space providing a launch pad for up and coming start-ups.

the entrepreneurs were congratulated by the Mayor of Derry and Strabane, Alderman Graham Warke, who met up with them to find out more about their exciting new brands. Mayor Warke said the scheme presented a fantastic opportunity to profile new talent keen to get established in the local marketplace. “I was so impressed by some of the products and designs which I’ve seen today,” he declared. “The Pop Up Shop space will really help to connect these top new entrepreneurs with new audiences, and raise the profile of their brand. “We have a fantastic local business community but every successful economy relies on fresh new talent to stay on top of new trends. The winners here today all demonstrate the creativity and innovation that will keep our economy driving forwards. I want to congratulate them all, and wish them every success on their business journey. I look forward to seeing them all become regular fixtures on our high street for many years to come.”The pop up shops will run until June, with five spots in Derry and one in Strabane. The entrepreneurs will also avail of a comprehensive package of wider support including bespoke mentoring, promotional marketing campaigns and technical assistance.  Council’s Head of Business, Kevin O’Connor said: “I am delighted to see six exciting new companies take the next step with the support of the Start Up Acceleration Programme and the Pop Up Shop Scheme. The local economy thankfully is beginning to turn a corner and as we look ahead to more positive times, it’s exciting to see new talent enter the market. I look forward to working with all the successful companies, and to watching their brands grow and develop over the coming months.”Deirdre Williams, Business Development Manager at the Inner City Trust’s Fashion & Textile Design Centre, said: “This is a fantastic opportunity for up and coming entrepreneurs just setting out on their business journey. The costs associated with any new business can be prohibitive, so this wraparound package of support will make a major difference to all the successful candidates.  “I’m delighted at the standard of the entries, there are some extremely impressive new local brands which will add to the retail offering at both locations. I’m looking forward to working with them all and to have this opportunity to develop and profile such an exciting array of new talent.”

Meet the Winners

Elaine Duffy, Vintage Star – Mend & Make Do

Elaine Duffy lives and breathes vintage fashion.

For decades, she’s been hunting down the best preloved pieces to recreate classic looks from the 1930s, 40s and 50s – and now you can get some vintage va-va-voom too!

Vintage Star – Mend & Make Do stocks original vintage items and handmade, retro-inspired clothing and jewellery.

Whether you’re after a beautiful 1950s item, some rockabilly daywear, or a fabulous pinny to sprinkle some chic into your cooking, you’ll find it – and so much more – when you visit Elaine and her fellow start-ups at the RE:IMAGINE Pop Up, Foyleside Shopping Centre.

www.instagram.com/vintagestar304050s

Bridgene Graham and Niall Lynch, Coalesce Wearable Art

Meet Bridgene and Niall. A match made in fashion heaven.

During lockdown, designer Bridgene and her partner, tattoo artist Niall, had to close the doors of both their businesses.

Niall began drawing up some Japanese-inspired artworks, and Bridgene decided to print them onto streetwear and luxurious silk kimonos.

And so, Coalesce – meaning to grow together and unite as one – was born.

See their beautiful wearable art – and discover more brand new local designers – at the RE:IMAGINE Pop Up, Foyleside Shopping Centre.

www.instagram.com/coalesce_wearable_art

Catriona Hutton, KOTO Candles

Catriona Hutton is a self-confessed candle addict, who has always loved lighting one at home after a long day.

But here comes the science bit: “I soon realised that they contained things like paraffin wax, which is a by-product of petroleum oil, and other toxic chemicals,” says Catriona.

“I decided to create something that I would be happy to have in my home, and so KOTO Candles was born.”

KOTO’s handmade candles, diffusers and wax melts use planet-friendly raw materials, with aromas such as soothing lavender, and zingy lemongrass.

See – and smell! – them for yourself at the RE:IMAGINE Pop Up, Foyleside Shopping Centre.

https://www.instagram.com/kotocandles

Laura Miller, Oh Sew Design Co

Banish all memories of those scratchy wool jumpers your granny used to make for you. These days, crocheting, knitwork and embroidery are the epitome of cool.

After watching her grandmother and mum knit as a child, and with a little help from YouTube, Laura Miller has mastered these traditional skills to create Oh Sew Design Co.

Think pretty wall hangings, personalised embroidery, and crocheted tote bags.

Laura’s delighted to stock her products alongside other local start-ups in the RE:IMAGINE Pop Up in Derry’s Foyleside.

“Selling online is great, but you don’t have the same community. And for customers, it’s so nice to experience a handmade product in real life,” she says.

“Every stitch is different from the rest. It’s a unique product every time.”

www.instagram.com/oh_sew_designco

Shannon McCafferty, Connie Ann

“I want my designs to be passed down the generations; timeless, beautiful pieces that never go out of fashion.”

Meet Shannon McCafferty, founder of Connie Ann.

A love of fashion runs in the family for the Derry designer, with great grandparents who worked in  the shirt factory, and a style-conscious mother who’d save her lunch money to buy clothes.

After studying fashion design in Liverpool, Shannon returned home and began creating Connie Ann clothing and accessories, inspired by her love of 1970s fashion and Indian fabrics.

So take a trip back in time, transport yourself to India, and see the amazing range for yourself at the RE:IMAGINE pop up In Foyleside Shopping Centre.

Jenna Mitchell, Scottie Paws, Strabane Pagoda

Do you have a four-legged fashionista?

Thanks to Scottie Paws, you can kit out your pet in the coolest of clobber – such as leopard print bandanas, tartan bow ties, and cupcake-emblazoned leads in a variety of sizes.

Founder Jenna Mitchell, who also runs a horse-riding stables and equine fashion brand, has her very own brand ambassador and model: her Jack Russell, Chase, who turns heads in the park with his bright, bold accessories.

Visit her RE:IMAGINE standalone pop up shop in Strabane’s Pagoda, and turn every dog walk into a fashion catwalk. www.instagram.com/scottiepawspets

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Swedish Ambassador meets with Mayor and city business leaders

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Mayor of Derry City and Strabane District Council, Alderman Graham Warke, this week met with the UK Ambassador for Sweden, HE Mikaela Kumlin Granit during a special visit to the city.The meeting, which was arranged in partnership with the NI Executive Office, was part of a wider visit by the Ambassador to the region.During her visit to the city she met with the Mayor and senior Council representatives to get an overview of the exciting City Deal plans before meeting with the wider City Deal partners and business leaders to discuss a range of issues including City Deal, international students, business and trading issues and the NI protocol.Speaking following the meeting, Mayor Warke said it was a huge honour to welcome the Ambassador for Sweden to the city and give her an insight to some of the exciting plans being developed for the city and district.He said: “It was a huge honour to welcome the Ambassador to the Guildhall so she could hear at first hand the excellent work we are doing to invest and promote our region and also to give her an insight into some of the challenges we face. 

The Mayor of Derry and Strabane District Council, Alderman Graham Warke, with Swedish Ambassador Mikaela Kumlin Granit at a reception in the Guildhall. Photography Lorcan Doherty

She was very interested in hearing about our City Deal investment in research and innovation and how it will really drive and transform our regional economy. The visit was an excellent opportunity for us to promote the work we are doing in termsThis is the second visit by the Swedish Embassy Team to the Derry City and Strabane City Region, where they have met with city stakeholders to learn more about the city region deal and the challenges and opportunities regarding BREXIT and the NI Protocol. The Mayor previously met with Mr. Magnus Stuxberg (Deputy Head of Mission Political and European Affairs) and Mrs Åsa Theander from the Swedish Embassy Team in June 2021. 

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Tech Champions comic to showcase NI tech-related careers and pathways

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An innovative new approach to promoting careers in the tech industry launched at a special school-focused event on March 10th as part of Enterprise Week 2022.

TECH CHAMPIONS is an exciting tech-themed careers comic aimed at young people, showcasing six local tech professionals and entrepreneurs and detailing the pathways they followed to develop their tech-related careers or businesses. It’s a collaborative project by Startacus and Revolve Comics, delivered in partnership with Derry City and Strabane District Council, Alchemy Technology Services, and North West Regional College.

The TECH CHAMPIONS event will brought the tech professionals illustrated in the comic to life in a live streamed and in-person event during Enterprise Week.

At TECH CHAMPIONS local tech professionals and entrepreneurs chatted about their own varied backgrounds and journeys in the tech sector, with the aim of highlighting the diverse range of tech careers and opportunities which exist locally. Speaking at the event, Alastair Cameron, Startacus co-founder, said: “We believe that this innovative approach to championing tech roles and careers will help signpost local students to fantastic opportunities in these exciting and fast growing sectors. We are proud of the collaborative approach this initiative has taken, working with partners who are fully committed to helping inspire our young people.”

The event served as a launch for Derry City and Strabane District Council’s bespoke website www.homeground.me, the North West’s first interactive digital map profiling the Digital, Creative and Fintech sectors in Derry, Strabane and Letterkenny.]]

Head of Business with Council, Kevin O’Connor, said the site will be an invaluable resource for anyone seeking a career in the tech industry. “The Homeground Site will provide a platform for industry professionals to share information and experience with the next generation of tech talent. Cross-border collaboration is an essential element in our campaign to promote the North West region as an exciting and attractive location for school leavers, offering both professional opportunity and fantastic lifestyle benefits. This new resource will help young people pinpoint opportunities and connect them with the companies best suited to their skills and ambitions.”

Homeground has resulted from the work of Council’s Digital, Creative and Financial Technologies Subgroup. Columb Duffy, Senior Leader at Allstate NI in the North West, is the Chair of the Subgroup. He advises anyone at home or working away who is interested in a career in Digital, Creative or Fintech, or wants to see what the North West has to offer, to click onto Homeground to view the fastest growing sectors in the North West and the global career opportunities that are right here on our doorstep. “Making sure the next generation of workers is as informed as possible about their choices is a major part of the group’s work and aims to connect young people directly with industry,” he explained.”Industry and businesses have the expert knowledge that our school leavers need as they begin to think about their careers. What this partnership is about is developing a local talent pipeline of bright and eager young people to work and live locally and to address skills gaps in the North West.”

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Stormont approves £15m funding for Ebrington hotel

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The Stormont Executive has announced £15m worth of investment for a new 152-bed hotel in the Ebrington area of Londonderry.

The work will involve the refurbishment of the clocktower and five buildings in the former military base.

The first and deputy first ministers visited the development on Thursday to confirm the plans.

About £7m is coming from the executive office’s investment fund and almost £2m from Invest NI.

First Minister Paul Givan said it was “another step forward” for Ebrington and for the city.

“It continues to grow as a vibrant, modern city which is looking to the future with confidence – and there is a real sense of that optimism here today,” he said.

Mr Givan paid tribute to those involved in the redevelopment of the 29-acre site at Ebrington, which had been a military barracks until 2003.

Ebrington’s development is widely regarded as a key to Derry and the region’s wider economic growth.

“As today’s ideas become tomorrow’s opportunities, I will be watching with interest as potential turns into reality for Londonderry,” he said.

Deputy First Minister Michelle O’Neill said the start of work on the hotel “is a milestone day for Derry”.

“Together with the Grade A office space due to be completed soon, this new hotel will bring a renewed sense of vibrancy and a real boost to the regional economy,” she said.

“I offer my congratulations to the developers and all who have played a part in getting us to this point,” Ms O’Neill added.

Plans for the hotel were unveiled in 2017 and granted planning permission by Derry City and Strabane District Council the following year.

Ebrington is the largest regeneration site in Derry.

A former naval base that opened in 1841, it was known as HMS Sea Eagle during World War Two and was an important part of the North Atlantic Command.

Work is expected to be completed on the four-star hotel in the summer of 2023.

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PLANS SUBMITTED FOR HIGH-TECH ALPHA INNOVATION CENTRE IN NW CITY REGION

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Plans have been submitted for the new high-tech Alpha Innovation Centre in Letterkenny.

The enterprise campus, which is estimated to cost €20m, is set to be built in the heart of the town on the former ESB premises on Pearse Road.

The development will include a seven-storey building of approx 1,625sq.m (17,500sq.ft) and office and research & development facilities – providing space and opportunities for new and existing businesses to work and network.

The campus will also incorporate a central civic space; pedestrian, cycle, accessibility and moblity infrastructure; landscaping; disabled and age friendly courtesy parking and emergency/service vehicle entry and egress.

The €6m Alpha Innovation Centre has secured €3.6m co-funding from Enterprise Ireland, and the €14m Beta
Business Centre, is being developed in partnership with Catalyst NI.

The project is being led by Donegal County Council in partnership with the Donegal 2040 Strategic Development Designated Activity Company (DAC). It is co-funded by Enterprise Ireland under the Border Enterprise Development Fund and will be delivered in collaboration with the key economic development agencies including, IDA and Donegal LEO along with Letterkenny Institute of Technology, Donegal ETB, Donegal Digital and ERNACT.

The centre is set to provide a bespoke pre-accelerator for early idea entrepreneurs as well as an extensive programme of wrap-around supports for businesses. The Alpha Innovation Centre will build on the latent potential of the emerging tech start-up scene in the Northwest, contributing to the region’s reputation as a great location to invest and do business.

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Derry Strabane City Region ranked top European city of the future

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The Derry City and Strabane District City Region has been ranked second in the FDI European Cities of the Future 2022 category in a study carried out by the FDI Intelligence Division of the Financial Times.

Welcoming the accolade, Mayor of Derry City and Strabane District Council, Alderman Graham Warke said the high ranking in this significantly prestigious and influential study was hugely positive for the City and District as Council as well as its wider delivery partners as they continue to work to set in motion the next stages of delivery of the City Deal and a wide range of major investment and regeneration plans to transform the City Region.

The ranking comes less than a year after the City and District was ranked first in the FDI Global Cities of the Future Category in a report carried out by the FDI, competing against major cities across the globe.

The data collated for this latest report is collected by the FDI intelligence division of the Financial Times using specialist online tools, FDI markets and benchmarks. Data was collected for 553 locations (367 cities, 148 regions and 38 LEPs), under five categories: Economic Potential, Human Capital and Lifestyle, Cost Effectiveness, Connectivity and Business Friendliness. Locations scored up to a maximum of 10 points for each data point, which were weighted by importance to the FDI decision making process to compile the subcategory rankings as well as the overall ‘European Cities and Regions of the Future 2022/23’ ranking. In addition, surveys were collected under a sixth category, FDI Strategy, for which there were 161 submissions. In this category, locations submitted details about their strategy for promoting FDI, which was then scored by fDi’s judging panel.

The Derry City and Strabane District City Region ranked second in the European Cities of the Future Category, tipped only by Doncaster and Sheffield City Region and overseeing competition from other European cities such as Cork, Middlesbrough and Lublin.

As part of the evaluation process, judges assessing the application took account the area’s economic potential, cost effectiveness, connectivity, human capital and lifestyle and business friendliness, as part of their assessment.

Mayor Alderman Warke said this ranking was hugely significant and puts the city and district on a positive footing as it progresses to the next stages of delivering the exciting and innovative City Deal projects. He said the ranking put the city and region on the map in terms of gaining recognition from world leading investors and helps increase the city and region’s visibility across the Financial Times Group global readership and audience, which in turn will encourage further funding and investment.

He said: “Securing this top ranking in this category is hugely positive for us and reflective of the huge amount of proactive work that has been done over the past number of years to actively promote and develop the opportunities in Life and Health Sciences, in digital technologies and in the application of research in artificial intelligence and machine learning across our City and District. Key to this is that all these areas of focus and investment continue through City Deal projects. Our prime focus will be to develop opportunities for the development and promotion of the compelling proposition that is our city and region and the wider North West.”

Kevin O’Connor Head of Business with Derry City and Strabane District Council who was involved in the bid for the award, said the panel in their feedback acknowledged the strong cross border collaboration and mobile talent available in the region and the city and district’s innovative approach to developing talent in high demand sectors. He said the region’s large international diaspora with its strong international business network was also recognised, while the use of historic connections to the city of London and using it to focus on attracting UK based companies who want closer dual market access to the EU and UK was also acknowledged.

He said: “This is a very significant coup for us and comes at a very exciting time in our City Deal journey and as we are recovering from the COVID pandemic and working proactively to promote investment opportunities across our diaspora network, highlighting our increased quality of lower cost of living and increased work life balance to those interested in returning to live and work here. Combined with being recognised by USwitch.com as the top location in NI for remote working in the UK Top 5, along with being one of the top locations in the UK for Full Fibre Network connectivity, we are ideally placed for remote working.  We are also the only City region located where the UK and EU meet, and is a great place to live, visit, study or to do business in.”

For more info on the report visit https://www.fdiintelligence.com/article/80707

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