Solvotrin Therapeutics wins InterTrade Ireland Award

Cork Companies recognised as shining lights of the Irish SME sector

~ Companies recognised as InterTradeIreland Business Ambassadors at event hosted by Minister for Jobs, Enterprise and Innovation, Richard Bruton TD ~

~ €20 million in business value generated by 63 Irish companies who have participated in InterTradeIreland programmes ~

Cork-based companies – AirDryer Systems, Alanya, Cloverhill Food Ingredients, Dee’s Wholefoods, Green Saffron Spices, Irish Atlantic Salt, Shellfish Ireland (formerly Shellfish De La Mer) and Solvotrin Therapeutics – were eight of 63 companies acknowledged for their contribution to enterprise and innovation across the island of Ireland. They were awarded ‘Business Ambassador’ status by InterTradeIreland at a special event held in the Mansion House in Dublin. The event was hosted by Minister for Jobs, Enterprise and Innovation, Richard Bruton TD.

InterTrade Ireland recognises Solvotrin TherapeuticsEvery county in Ireland was represented by the Business Ambassadors, who were nominated as companies that had successfully embraced innovation; developed new cross-border markets or secured venture capital with InterTradeIreland’s support. Representing the full spectrum of industries, the 63 companies have generated approximately €20 million in additional business value to the Irish economy so far.

Alanya ‘s health monitoring system for dairy cows improves the efficiency of farm breeding programmes. Commenting on being awarded a Business Ambassador, Padraig Lynch, Marketing Manager, Alanya said: “InterTradeIreland played a pivotal role in getting the company to a stage where it was investor-ready by aiding us in the development of our business plan and sales presentations that has helped us attract in excess of €1 million in investment. It was an honour to receive this nomination. Being a business ambassador for InterTradeIreland is a fitting accolade for the achievements of the Alanya staff over the past number of years and it will also give us the opportunity to reciprocate in whatever way possible to an organisation that has been instrumental in the success of our business.”

Also speaking at the event, Pat O’Flynn, CEO, Solvotrin Therapeutics, a drug development company, said: “InterTradeIreland is highly regarded in Ireland for quality and follow-through. To be chosen as a Business Ambassador provides Solvotrin with an accolade which will be treasured and form part of our profile.”

InterTrade Ireland LogoDan Buckley, MD, Cloverhill, an ingredients supplier of irish food manufacturers, added: “Taking part in InterTradeIreland’s Acumen programme allowed us to take on a sales rep for the Midwest and Ulster. Paying half his salary for the first year allowed us to attain critical mass in this area & reduce the risk of failure. Becoming a Business Ambassador heightens our profile both North and South as we aim to become first a national company before then moving on to trade internationally.

Over 250 guests attended the event which included Government representatives, consisting of, Ministers of State, TDs and Senators. The group of InterTradeIreland Business Ambassadors were also invited to meet President Michael D. Higgins at a special reception at Áras an Uachtaráin to mark their achievements where he described the companies as ‘the finest of Irish entrepreneurial spirit and innovation’.

Speaking following the event, Margaret Hearty, Acting CEO, InterTradeIreland said: “We have supported businesses from a diverse range of sectors right across Ireland and we are extremely proud of their achievements. These firms represent many of Ireland’s most resilient and ambitious SMEs that are a testament of what can be achieved through enterprise and innovation. It is important that we recognise their success which we hope in turn will inspire other businesses to seek the support needed to develop and take their business to the next level.”

She added: “While the value of cross-border trade has not been immune to the recession, we are encouraged by the recent upturn. The cross border market is an important export market for many first time exporters with one in five companies from Ireland trading in the Northern market – generating nearly €1.2 billion in 2012 in cross-border trade of manufactured goods alone. These companies show what can be achieved through North-South collaboration and business development.”

InterTradeIreland, the cross-border body that provides SMEs with funding, information, advice and support has greatly helped small businesses to identify and develop trade and business opportunities across the island.

Since 2003, InterTradeIreland has helped more than 25,000 companies with cross-border information and services, supporting over 6,000 SMEs through its trade and innovation programmes. The result has been over €885 million worth of trade and business development and the creation of 3,000 jobs through its programmes. For every €1 invested in InterTradeIreland, it provides a twelve-fold return in business development value.

For further information on InterTradeIreland and the business supports available please visit www.intertradeireland.com.

For further information contact: Karen Ferris/ Morwenna Rice Drury|Porter Novelli 086 3171248 (KF) / 086 1940069 (MR) Karen.ferris@drurypn.ie / Morwenna.rice@drurypn.ie