Minister Nash announces second round of ID2015 International Trade Fund

Irish Design 2015 open call to provide financial support to design-led Irish companies in participating in trade events overseas

3rd September, 2015

Minister for Business and Employment, Ged Nash TD, today announced an open call for the second round of the Irish Design 2015 (ID2015) International Trade Fund.

The International Trade Fund, delivered by Irish Design 2015 in association with Enterprise Ireland and the Design & Crafts Council of Ireland (DCCoI), aims to assist export-ready, design-led business in developing their export potential and routes to market. It provides financial support on a match-funding basis to companies headquartered in the State who wish to participate in trade events around the world.

To date, 37 companies are already benefiting from support through the first round of ID2015’s International Trade Fund, participating in 46 international trade events and generating new market penetration and export opportunities.

The second round of the Fund will support events taking place between August 2015 and March 2016 inclusive.  The deadline for submission of proposals is 4pm on Monday 21st September 2015 and ID2015 aims to notify applicants of funding decisions within four to six weeks of the application deadline. Full details are available at: http://bit.ly/ID2015ITF  

Minister Nash said: “ID2015 is about harnessing Irish creativity and promoting it to the world, growing Ireland’s reputation abroad as a home for innovative design across a broad range of disciplines. The International Trade Fund is instrumental in supporting innovative design-led Irish companies in the promotion of their work on the international stage and in achieving additional exports of design-based products and services.  It aims to nurture the ongoing development Ireland’s dynamic design sector and the creation of design-based jobs across the country.

The outcomes of the Fund to date are very positive, with successful applicants reporting that their participation in trade events around the world has been an excellent introduction to key international contacts, generating interest in their product and service and creating export opportunities. We look forward to seeing further Irish companies benefit from this second open call and the resulting commercial opportunites unfold over the coming months,” Minister Nash added.

The International Trade Fund is one of a number of funding opportunities for Irish businesses as part of Irish Design 2015 (ID2015).  The year-long ID2015 programme, an initiative of the Global Irish Economic Forum in 2013, aims to promote Irish design capability nationally and internationally and to encourage small and medium Irish companies to use design as their critical competitive advantage.

Karen Hennessy, Chief Executive of ID2015 says that supporting Irish companies in presenting their work internationally is vital to sustaining and growing the Irish design sector and that the experience and industry knowledge gained from participating in trade events abroad can be instrumental in helping companies develop their buiness.

“Through the Irish Design 2015 programme, we are seeing real commercial opportunities emerge for developing international markets. The companies being supported through the International Trade Fund have the ambition and capability to expand into international markets.  This fund provides financial support to Irish businesses in participating in international trade events which would probably be difficult for them to do independently. We look forward to supporting additional enterprising Irish companies in expanding their reach internationally through the second round of funding,” said Ms. Hennessy.

Reflecting the significant impact the International Trade Fund is already having, 10 of the companies supported through the first round of the Fund report that combined sales orders in excess of €3 million have been generated, with several events still due to take place before the end of the year. The first round, which was launched on 3rd December 2014 and closed on 9th January 2015, is supporting 37 companies in participating in a total of 46 trade events around the world.

Stephen Hughes, Manager, Consumer Retail Products at Enterprise Ireland added: “Participation in international trade events is vital for Irish companies who are serious about exporting. Starting on the exporting journey is both costly and demanding. This fund provides valuable financial support to ambitious Irish companies on a match-funding basis. Companies being supported through the fund are mainly micro and small innovative, design-led companies. While many of these companies are at the early stage of the exporting journey, the objective is to help them become part of the next generation of Irish exporters who will ultimately create and sustain jobs in the Irish economy”.

Successful applicants from the first round of the International Trade Fund include Dublin-based Jam Media, one of the leading creators and producers of multi-award winning animated and live action content for the children’s and pre-school audience, who attended Kidscreen in Miami; Castlebar-based Alergy Lifestyles, providers of allergy and asthma friendly products, to attend the Alergy and Free From Show UK; Letterkenny-based award winning toy company Arklu to attend the Toyfair in Nuremberg; Poly Passive Mouldings, based in Midleton, Co. Cork, to attend the Self Build and Improve Your Home Show in Belfast; and contemporary cut crystal company J. HILL’s Standard, based in Dungarvan, Co. Waterford, to attend London Design Festival.

Reflecting the breadth of the ID2015 initiative, the disciplines supported through the first round included animation; architecture and built environment; consumer product design; contemporary and traditional craft; digital design; engineering; fashion and textiles; film/TV and visual effects; furniture and lighting design; graphic and communication design; illustration; and industrial product design (including medical devices).

ID2015 is being convened by the Design & Crafts Council of Ireland (DCCoI), in collaboration with partner organisations, on behalf of the Department of Jobs, Enterprise and Innovation, the Department of Foreign Affairs and Trade and Enterprise Ireland.

Ends

For further information please contact:

Press Office, D/Jobs, Enterprise and Innovation, ph. 01 6312200 or press.office@djei.ie

Aoife Smith, Sorcha Furlong or Tara Walsh at Elevate PR on 01-6625652 or aoife@elevate.ie / sorcha@elevate.ie / tara@elevate.ie

Share thisShare on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone