Calling all Entrepreneurs, Dreamers and Future Technology Disruptors to Ireland’s Mid-West Region.

Calling all Entrepreneurs, Dreamers and Future Technology Disruptors to Ireland’s Mid-West Region.

Tech Disrupt 4.0, LEO, Industry 4.0, Local Enterprise Office, €25,000

Local Enterprise Offices of Clare and Limerick Launch Tech Disrupt 4.0

Up to 25,000 funding vouchers available from Local Enterprise Offices Clare & Limerick

 for developers of Industry 4.0related solutions.

 

Industry 4.0 …The 4th Industrial Revolution

Local Enterprise Offices (LEOs) Clare and Limerick have announced the launch of Tech Disrupt 4.0, an exciting pilot project where participants can secure up to €25,000 in funding vouchers to help create and launch solutions that align with the principles of Industry 4.0.
The Tech Disrupt 4.0 pilot project aims to encourage cutting edge technology, innovation and software development in counties Clare and Limerick. Managed by the LEOs of Clare and Limerick, the project through a competitive structure, will support individuals and businesses that develop solutions that will deliver automation and smarter decision-making tools to manufacturers and associated industries. The project is open to individuals and businesses who are located or domiciled in counties Clare and Limerick.
Confirm, SFI, LEO, Industry 4.0, Padraic McElwee, Mike Cantwell, Conor McCarthy, Eoin Hinchy
After a series of online events and ideation workshops, interested parties will be encouraged to make a presentation of their proposed Industry 4.0 aligned solution. 6 entries will be chosen to receive up to €25,000 of funding vouchers to help create and develop a viable business solution.
Solutions aligned to Industry 4.0 include, but are not limited to:
  • Big Data and Data Analysis
  • 3D Printing
  • Artificial Intelligence/Machine Learning (AI/ML)
  • Blockchain
  • Internet of Things (IoT)
  • Robotics and Automation
  • FinTech
  • Life Sciences
  • Virtual and Augmented Reality (VR & AR)
€25,000 Funding Vouchers, LEO, Tech Disrupt 4.0
The Mayor of Clare, Cllr Mary Howard, said: “Innovation has never been more important than it is at the present time, so I am pleased to see supports such as this that encourage and facilitate great ideas to flourish. Our businesses and communities have a track record of tremendous adaptability, and I have no doubt we will see exciting technological developments in response to the challenges of the future.”
Padraic McElwee, Head of Enterprise, Local Enterprise Office Clare adds, “Ireland’s Mid-West region has always been an innovator and disruptor, from Shannon Airport and Shannon Free Zone to inventing Duty Free Shopping and Irish Coffee. The region is home to some of the world’s leading technology, automotive and med-tech companies such as Dell, Intel, General Motors, Jaguar Landrover, Edward Lifesciences, Stryker, EI Electronics, Uber, Analog Devices and Johnson & Johnson. The Tech Disrupt 4.0 pilot project aims to encourage technological innovation and development in the region by providing the funding and supports necessary to bring an entrepreneurs dream to a reality.”
Mayor of the City and County of Limerick Cllr Michael Collins said: “Innovation is the key to success. We cannot stand still when it comes to business and enterprise. We need to be focused on the next steps and how best we can innovate to succeed. This joint project will place Limerick businesses at the forefront of using smart technologies in order to grow and compete on an international scale. It shows the edge that we have as a region to work together to achieve a competitive advantage by embracing new technologies and harnessing the innovative ecosystem we have to create results.”
Mike Cantwell, Head of Enterprise, Local Enterprise Office Limerick, adds “In the long term we envisage that some of the participants of the Tech Disrupt 4.0 pilot project may progress to be leaders in their fields and help the Mid-West region to become a leading location for innovators, disruptors and software developers aligned to the principles and applications of Industry 4.0.”
To find out more and to register your interest in the Clare and Limerick LEOs Tech Disrupt 4.0 pilot project please visit the Local Enterprise Office website
Blockchain (yawn!!) – let’s break it down

Blockchain (yawn!!) – let’s break it down

Blockchain is probably one of the most popular buzz words bandied about over the past couple of years. But what exactly is Blockchain and what should you know about it?

WHAT IS BLOCKCHAIN?

Blockchain is simply a database or ledger that maintains a continuously growing list of data records (blocks) or transactions. Blockchain allows digital information to be distributed but not copied, it is the sole system of record.

A Blockchain transaction will have the following attributes:

It Can Be Shared

Servers or nodes maintain all the entries or transactions (blocks) and every node sees the transaction data stored in the blocks when created.

It is Decentralized

There is no central authority required to approve transactions or set rules.

It is Secure

The database is an immutable and irreversible record. Posts to the Ledger cannot be revised or tampered with – not even by the operators of the database.

It Runs on Trust

The distributed nature of the network requires computer servers to reach a consensus which allows for transactions to occur between unknown parties.

Automation is Key

The software is written so that conflicting or double transactions do not become written in the data set and transactions occur automatically.

WHAT ARE THE STRENGTHS AND WEAKNESSES OF BLOCKCHAIN?

Considering the popularity and potential uses of Blockchain over many sectors and industries, Gartner has developed the following SWOT Analysis

WHEN CAN I EXPECT TO SEE BLOCKCHAIN EFFECT MY BUSINESS?

According to a Gartner Hype Cycle Graph for emerging technologies, it will take at least 5 to 10 years before Blockchain Technology is widely adopted by mainstream industries.

WHERE WILL BLOCKCHAIN TECHNOLOGY MOSTLY BE USED?

Cryptocurrencies

Cryptocurrencies are a type of alternative and virtual currency that are decentralized and built on Blockchain technology. Bitcoin would be a very popular example of this.

Smart Contracts

These are legally binding programmable digitized contracts entered on the blockchain. Giving computers control over contracts will make business more efficient and the legal system more equitable.

Banking and Finance

All the world’s major banks are currently investing heavily in Blockchain Technology as it offers many advantages, especially in the areas of audit and regulation.

Property

By placing all property records on the chain, prospective buyers will be able to immediately verify all requirements including ownership, title, land registry, insurance, etc..

Healthcare

This technology should become incredibly appealing to the healthcare profession as it could allow doctors and hospitals secure access to a patient’s entire health history there and then.

Supply Chain

The supply of goods or services blockchain ledger can be updated and validated in realtime by each participant in the supply chain. It enables equal visibility of activities and reveals where an asset is at any point in time, who owns it and what condition it’s in.

The above is only a small selection of where blockchain technology may apply in the future.

If you would like to know more about Blockchain and how it may affect your industry in the coming years contact RML Marketing & Business Development Solutions today

Pin It on Pinterest