Tag: investment

Audioscenic Kicks Off 2023 With Series a Round Investment and Industry Recognition at CES

Audioscenic, developers of innovative 3D audio beamforming technology, has completed its Series A investment round led by Foresight Ventures and including Hostplus, IP Group, and FWT. The announcement, on the back of the launch of the first consumer product featuring the brand’s technology at CES, the Razer Leviathan V2 Pro soundbar, signals a promising year ahead for the company as it continues to explore consumer applications for its forward-thinking approach to spatial audio. 

 

Left, David Monteith. Right, Marcos Simon

 

“We would like to welcome our new investors to Audioscenic and would also like to say a huge thank you to our existing investors for their past and continued support,” said Audioscenic’s CEO David Monteith. “The completion of our A round positions us perfectly to drive the adoption of Audioscenic’s technology into multiple markets in parallel. The value of the company has already grown by more than ten times since it started operations in 2019, and we are very excited to be in a position to share the implications of this technology with the world in the form of accessible, consumer-focused products that will redefine how we experience spatial audio.”

“The team at Audioscenic has made tremendous progress in the last twelve months, culminating in the successful launch of the Razer product at CES 2023,” said Managing Director of Foresight Ventures Richard Lewis. “We are delighted to support Audioscenic in the current Series A round and we look forward to working with David and the team in the coming years.”

The Razer Leviathan V2 Pro is the first product on the market to implement Audioscenic’s unique 3D audio beamforming technology and captured 12 ‘Best of CES’ awards from publications such as The Verge, Engadget, TechRadar, and PC Gamer among others. The soundbar is but the first in a series of planned implementations of the technology that will add a new dimension of audio experience, to otherwise commonly available audio sources, including laptops and car audio systems. 

“Previous attempts to bring spatial audio to everyday consumers have often come with a high price tag and large amounts of supporting equipment that aren’t practical,” said Dr Marcos Simon, Audioscenic’s CTO and Co-Founder. “Our 3D audio beamforming technology can be implemented in form factors that are familiar to consumers – soundbars, laptops, built-in speakers, etc – while still giving an elevated level of experience that was not previously achievable. The Razer Leviathan V2 Pro is a crucial first step for Audioscenic, and we’re eager to take more of them in the coming years as we explore different product applications for our technology.”

For more information about Audioscenic, please click here. 

€7 million investment for Irish MedTech company Medihive

Medihive, Ireland’s award-winning health technology platform, which includes Webdoctor.ie, has secured an investment from ResMed, an international leader in digital health and cloud-connected medical device innovation, as well as existing shareholders including VentureWave Capital. The investment now values the business at €62 million.

Medihive is a software company built to transform medical processes that don’t work so patients can benefit from healthcare that does work. The business provides sophisticated software and clinical solutions to the healthcare, pharmacy and insurance industries, as well as direct to consumers and corporates via www.webdoctor.ie. The company combines digital and clinical knowhow to bring clients and their end users high-quality virtual care on a global scale.

The €7 million investment announced today will be used to further increase the international growth of the business, drive investment and innovation in R&D and accelerate healthcare software developments. The company currently employs 130 people and it is expected this number will now increase by a further 42 employees over the next two years.

ResMed, whose cloud-connected medical devices transform care for people with sleep apnea, COPD and other chronic diseases, enabling people to live healthier lives, has been working with Medihive since 2019 and now joins as an investor. ResMed Germany led deal negotiations on behalf of the organisation. As a result of their investment, ResMed will now take a seat on the board to work with the team to accelerate the growth of the business.

Meanwhile existing shareholders in Medihive have invested additional capital into the business. This follows the €3 million investment in August 2021 by VentureWave Capital, the private equity firm that focuses on entrepreneurial companies that make a positive social impact, are in vital sectors and address UN Sustainable Development Goals. At the time of VentureWave Capital’s €3 million in August 2021, the business was valued at €48 million. Today’s investment now values the company at €62 million, a significant 29% increase.

Noel McSweeney, Chairman of Medihive, said: “The investment from ResMed alongside the increased support from current shareholders demonstrates our shared passion for medical technology advancement and will allow Medihive and Webdoctor.ie to further expand and develop our services while continuing to provide transformative digital healthcare solutions.”

Katrin Pucknat, President of ResMed Germany, said: “At ResMed our mission is to change 250 million lives in 2025 in out-of-hospital care settings, and today’s announcement fits perfectly with that goal. Our work to date with Medihive has transformed the lives of our patients by making their care pathway less disjointed and allowing them to get diagnosed for sleep apnea outside of a hospital setting. ResMed places significant importance on innovation and this investment will enable both organisations to continue to be at the forefront of developments in healthcare technology. We look forward to supporting the team at Medihive as part of their board and believe this relationship will create new opportunities for us both while continuing to transform the healthcare industry.”

David Crimmins, CEO of Medihive, said: “Medihive builds solutions to deliver positive patient outcomes by removing friction from their care journeys. This investment now comes at a pivotal moment for Medihive. Over the last two and a half years demand for our services has surged as organisations realised they can achieve better patient outcomes by blending smart health technology with their traditional health infrastructures. This investment will enable us to continue meeting this demand while also allowing us to scale and expand our services in the continually evolving telehealth market both in Ireland and internationally. It’s an exciting time for Medihive and we’re really looking forward to working with ResMed and our current shareholders to continue to make advances and improvements in digital healthcare for patients and professionals in the industry alike.”

Alan Foy, Chairman and Managing Partner VentureWave Capital, said: “We are delighted to once again invest in Medihive alongside ResMed, a key strategic investor. As a successful Irish health technology business that’s making an impact on delivering digital health and patient outcomes, this investment demonstrates our continued support and confidence in Medihive’s business goals, global impact and strategic  ambitions.”

How to Use Exciting Online Games to Earn Money for Your Next Investment

Long gone are the days when online games were intended solely for fun. Of course, those who are looking for nothing more than that can play them when they want to be entertained, but these days they offer so much more.

What for instance? Well, in case you didn’t know, with the help of online games, you can earn money as well and in today’s economy, there’s nothing better than that, don’t you agree? Yes, we do know that to some of you, this may be too good to be true, but that’s actually a reality.

There are a variety of different ways you can profit from them and then invest that cash into something lucrative. If you want to uncover these strategies, then we suggest taking a look at the suggestions below!

Spectacular Ways To Earn Great Bucks From Online Games

Have You Heard Of Anonymous Casinos?

We know that a lot of you have heard of conventional casinos, but have you ever heard of anonymous ones? We wouldn’t be surprised if you haven’t since they are relatively new to the gambling industry.

But what’s so great about them? First and foremost, their biggest virtue is the fact that they require no identification info from any player and enable them to wager, deposit, and withdraw real cash.

Just bear in mind that these work with cryptocurrency only and currently, the most popular one is Bitcoin. So if you would love to give them a try (and potentially earn a substantial amount of money), then first make sure to find the list of some of the best anonymous casinos in the world so you can see which one is the best option for the time being. Just like with any other type of casino, it requires some research before selecting the best one. 

Live Streaming Is A Great Idea Too!

If you’re a passionate game lover, then convert your passion into work by becoming a live streamer. Just keep in mind that there are already a plethora of live streamers out there, so you have to make a lot of effort to stand out from the rest and of course, earn some money.

So what can you do then? For starters, ensure to pick a good streaming platform. If you ask us, for these purposes, Twitch is surely the best one, however, YouTube is not a bad option at all. The goal must be to build a large audience because that’s the only way to earn the bucks.

And then pick popular and interesting games that are going to retain existing followers. It’s going to be a bit challenging at first, but perceive this as your job, make an effort, and you’ll get there soon.

So what do you need in order to be a successful video game live streamer? Nothing in particular, besides a good internet connection and a solid computer. And above everything, you need to have a great personality that’s going to amuse everyone who is watching you.

Adding More Profitable Options Below!

Inbox Dollar Is Worth A Shot!

Now, here’s something interesting that you’ve probably never tried before, that should definitely be taken into account. Namely, with Inbox Dollars, you can easily make cash by playing games, and what’s even better is that you do not need to wait forever to get started.

If you’re looking for a game haven, then you’ve come to the right place because Inbox Dollars offers a vast selection of games to choose from. A lot of them are exclusive to the website, however, they’ve also joined forces with GSN games to extend your option. 

So how does everything work out there? For every single dollar you spend, you can earn approximately 18 percent cash back. Just keep in mind that gamers are restricted to earning only ten dollars in the beginning, however, as time goes by, they can earn much more.

According to the statistics, this site has paid out almost sixty million dollars to people through checks, cash rewards, and gift cards. Sounds pretty unbelievable, right? And shockingly, that’s not everything Inbox Dollars has to offer.

Besides playing games, there are numerous other ways you can earn more money on this site. So what else can be done out there? For example, you can watch videos, shop online, and get paid for taking online surveys. So it’s definitely worth checking out!

 

The gaming world is most certainly not the same as it used to be. As you can see, not only is it extremely enticing and entertaining but at the same time, a great source of money for those who know “how to roll”.

Avoid Perils Of Bitcoin Investment

Investing in cryptocurrencies remains a big challenge because this field is still nascent. A few years in the market does not give one the feelers for this type of investment. So tread with caution when you want to make your mark in this type of industry with this type of investment. Avoid all the hype that comes with this new form of investment. And as a rule, remember that it has risen to notice very quickly, so it might just as well fall to oblivion also. For a better trading experience, use a reputable trading platform like Bitcoin Era to guide your trading journey.

And the reasons for caution are stepped up because this is an extremely fragile and volatile market. But here again, you can trade off with relative comfort and safety. It will guide and help you to safety with your crypto assets. 

What Should You Consider Before Bitcoin Investment?

Why you are here in the market should be your prime concern. Consider which app or exchange offers you the safest trade. Invest there only. Weigh the reasons for your investment. You should not get caught up with the fashion of associating yourself with the crypto trade for the sake of it. And to make your mark here, you must get a feeler for the industry. You must, as a priority, know all the details of the last point about Bitcoins. 

If you think you are not confident enough about this market, join a community of crypto pundits who will give you a good idea about the market. Read the Bitcoin white paper well before taking a plunge into the waters. And remember that your timing is the essence of the right trade. 

Do’s and Don’ts’ of Bitcoin Trading

So to get a good profit from your investment in Bitcoins, here are a few dos and don’ts that you should religiously follow if you are to stick with your Bitcoins.

Believe In Yourself Only

Social media is one thing that you should not believe if you are to stay put in the market. They are always a priority abuzz and rife with rumors and myths about Bitcoins. So if you are to stay alive, keep away from social media and never believe in what they say. Have faith and confidence in your knowledge and understanding of the subject rather than depending on others.

Invest Only When You Think It Is Right

Invest in Bitcoins only when you think it is right and not what your neighbor or your associate has to tell you about the market. They are not the authority on Bitcoin investment. You know your financial position and your prospects better than them.

Bitcoin Investment Is Not Your Carriage To Success

Unlike what most feel about Bitcoin being the fastest way to some quick bucks in your account, it is not. It is a very volatile asset. They may come crashing down just any moment. So there is no guarantee that you may earn some handsome profit that will ensure a comfortable life.

Understand Your Relish And Zest For Taking Risks

This should be something that you must be fully aware of before diving. It is a very fragile market that may come crashing down at any moment. If that happens, you may or may not lose all of your investments, and they will vanish away into thin nothingness. So do you have the zeal to take up all the risks of losing your finances? If you think otherwise, then refrain from this investment, as this is not the place for you to be in.

Proper Planning Beforehand Is A Requisite

Implementing a proper plan is the key to your success with your Bitcoin investments. If you do not move according to plan, you can consider yourself lost in the maze of losses staring at you. So chalk out every single move before stepping in.

Ensure The Security Of Investing

Consider all the security factors before investing in the Bitcoin market. It is complete with a lot of frauds and fraudsters. So be careful of all the security details before stepping in. Ensure that with your exchange or even if you do it yourself. 

Before concluding, you must note that you have to understand the limitations of how much you can comfortably invest. If you think it will create a pinch in your pocket, it signals that you should stop right where you are. 

Get to know about the process of crypto investment!

Crypto is everywhere. You can hear it in the news headlines all the time. The world is full of cryptocurrencies, and people love them. There is a vast range of digital coins you can prefer for investing and making money in the shortest time possible. The initial aspect you ought to recognise is that bitcoin is not the only crypto obtainable. There are many other cryptos other than bitcoin, and their performance is excellent. Do you want to know who the top Bitcoin holders in the world are? If that’s the case, here are some of the world’s most prominent Bitcoin holders and whales.

Various ways are there for you, and you can choose one for investing in cryptocurrency. However, if you are a beginner, you can pick the best method to buy crypto from exchange platforms. These platforms already have everything that you need to invest. Altogether you necessitate to do is discover one with great features and services. There are immense benefits of cryptocurrency investment, so if you are deciding to invest in them, then it is a great decision. However, most people want but cannot invest in crypto because of a lack of knowledge about the investing procedure. So here we are listing simple steps to grab your hands on cryptocurrencies.

Step one!

Initially, you have to start researching the crypto exchanges. The rise in crypto’s fame has directed an upsurge in crypto exchanges’ figures. It might confuse beginners as they don’t know which one to pick. The little thing you should remember is that the platform’s reputation matters a lot. Only those platforms that will have a good reputation present exceptional facilities. 

So it would help if you started researching the crypto exchange on the internet. Try to know more deeply about the platform. One important thing is to check the security features of the platform. If they are not uptight, it’s good to show a red flag to such exchanges. There are various high-end crypto exchanges out there which are performing well. It will help if you read the customer reviews to get better insights about the platform functionalities. 

Step two!

After researching the crypto exchange and finding the right one, you should create an account on it. This step is essential to start your investment journey without having a crypto exchange account. After that, it’s impossible to proceed further. To create an account on the exchange platform, you should fill in your required details. The registration form for crypto exchange is like the typical bank account registration form. The id verification is necessary to validate details, so you should provide excellent info about it. Your account is created on the exchange platform when your details are accurate, and the document you provide is valid.

Step three!

In step three, you can deposit money in that account. There is a need for money for everything we do, and crypto is no exception. Therefore, you should deposit funds in your exchange account to make a crypto investment. There are abundant conducts that you can consider. You can also find the list of payment modes and select the suitable one according to your convenience. All these payment modes are encrypted, ensuring the exchange’s safety. 

Step four!

Now is the time when you can buy crypto. First, the crypto exchange offers you an extensive list of all the available crypto in the market. Then, you can choose the cryptocurrencies you want to buy from this vast selection. It is an easy process, and there is no need for expert guidance when investing in crypto. The last phase is straightforward if you track all the above phases directly. You can fill in the quantity of crypto and compensation for it. Once the payment is complete, the crypto will arrive in your exchange account.

The final sayings!

These are effortless steps that you can follow to have a crypto investment. However, an expert advises that once you get crypto, keeping them safe is essential. Buying crypto is not tricky, but keeping them safe from hackers is important. So, you should pick up the right crypto wallet with enough security for your funds’ safety. 

Red Bull announces a huge investment in Irish gaming.

Red Bull has announced its biggest investment in Irish gaming yet, with a state-of-the-art gaming hub to be installed in an Irish university (to be announced) to support the development of third level gamers and a global gaming tournament with a €20,000 prize up for grabs.

Red Bull Campus Clutch, the global VALORANT tournament is now open to college and university students in Ireland and across the globe, players are invited to show their skills for a chance to play on the world stage with €20,000 up for grabs for the winning team.

What is Red Bull Campus Clutch:

Red Bull Campus Clutch is a grassroots esports initiative bringing up and coming student VALORANT players of every skill level together as they team up and experience competitive gaming like never before. In its first year, the tournament showcased up-and-coming talent who went on to establish a career in the professional gaming scene.

How to enter:

Entries are now open to currently enrolled College and University Students over the age of 18, visit RedBullCampusClutch.com.

How does it work:

Teams of five will battle it out in an online Irish qualifier event on Saturday 29th of October which will find the top three teams in the country. These top three will then face off at the live National Final on 11th of November with the winning team crowned National Champions. The Irish National Champions will then receive an all-expenses paid trip to São Paulo, Brazil to show their skills against 50 other country teams at the Global Final where the winning team will be treated to a VIP Experience at a 2023 VALORANT Champions Tour Event and €20,000 in prize money. More details on the date and location of the Red Bull Campus Clutch National and World Final will be revealed.

Red Bull’s VALORANT commitment:

Entering its second season Red Bull Campus Clutch, along with Red Bull Home Ground, the premier pro Red Bull event for VALORANT, encapsulates the brand´s continued commitment to support the VALORANT community and uplift its competitive ecosystem, from a grassroots level with an array of local initiatives to the very highest echelons of esports.

Who are our partners?

Four outstanding partners are supporting Red Bull Campus Clutch this year, helping bring the latest and greatest hardware to competitors. Intel NUC, SteelSeries and AGON by AOC all return to the tournament, with Backforce joining as a new partner for 2022. As PC Partner, Intel NUC, renowned for packing high-powered gaming rigs in small form factors, will support with their top-notch Gaming PCs. SteelSeries, the worldwide leader in gaming and esports peripherals, is the official Peripheral brand of Red Bull Campus Clutch and will equip students with award-winning gaming headsets, keyboards, and mice. Backforce, the new Gaming Chair partner, will provide ergonomic chairs that can boost performance and help maintain high-level gaming over long, competitive sessions. And the official Monitor Partner, AGON by AOC will once again provide high-performance gaming monitors for the event.

 Sign up now at RedBullCampusClutch.Com

Crypto Investment Risks: How to minimize them?

Cryptocurrency is the new mode of technology that has brought about a sudden change in the currency exchange processes. If you are planning to involve in the investment plans of cryptocurrencies, then you have to learn some new investment procedures. Apart from that, you must know how to reduce the risk of losses. For example, you can invest your surplus funds in crypto and do not invest your hard-earned money. 

If you have come this way long till the decision on your Cryptocurrency investments, then it is time for you to take one more step toward Cryptocurrency investments by learning the risks and definite ways of dealing with them.

Risk Management Tactics in Bitcoin Investments

Despite being successful in terms of its spread and growth since 2009, cryptocurrencies still stand in a vulnerable growing phase. If you want to be a part of Bitcoin investments, you must consider several factors. If you want to know more, then go through the following points for more risk management schemes:

 

  • Volatility:

One of the essential things you should keep in mind before investing in cryptocurrencies is the factor of volatility. Cryptocurrencies are incredibly volatile. In simple words, the market value of each Cryptocurrency, depending on its market values and specifications, fluctuates a lot. The trade market price fluctuations entirely depend on the demand for Cryptocurrency in the market. When the market demand is high, and supply is low, the price of the crypto goes high, for example, when Bitcoins reached the market cap value of $69000 in 2021. In other cases, when the supply is adequate but demand is low, the price of such digital assets drops automatically. 

Thus, you should always check the price of the Cryptocurrency you wish to invest in during its highs. Besides this strategy, you can invest in stablecoins rather than cryptocurrencies like Bitcoin and Ethereum. The price of the stablecoins like Tether fluctuates with the cost of fiat currencies like the Dollar. 

  • Be careful of cyber thefts:

Another point that you should never forget while considering the risk factors of cryptocurrencies is cyber theft. Developers keep warning Cryptocurrency users to take adequate measures against hackers because developers are working after increasing the security of the trading platforms, but crypto accounts and trading platforms are not insured like your bank account, and you cannot make a refund request if your account has been hacked and you lost your coins. 

  • However, you need not worry about Cyber thefts as all Cryptocurrency users can purchase digital wallets to store essential data and assets. There are cold and hot wallets available in the market; however, if you wish for a secure wallet, you can go for the cold ones as they are immobile and generally use offline devices to store the assets with the help of private keys. No one except for the user can get their hands on the virtual purchases this way. But if the user loses the key, things might become a bit complicated. Definite supply:

Yet another risk you cannot forget while investing in cryptocurrencies is that not every Cryptocurrency is available in unlimited supply. Some of them, like Bitcoins, are available only in a limited supply of 21 million. Out of this supply, the inventor and developer Nakamoto has taken 1 million BTC with him while vanishing. Thus, you cannot trade in such cryptocurrencies forever. In such cases, you can utilize the digital coins in the best way possible until it has got some great value in the trade market.     

If you have any more confusion, you can check out this Trading App for more info.  Moreover, you need to choose a secured trading platform and wallet to keep your funds safe. You can search such trading platforms online and check their reviews to choose the best one. It is better to tart with a small amount and increases your investment value over time. You should not invest your all assets on crypto and you should choose the right trading strategy to earn the bet profit. 

You can hold your coins for years to get the best value. If you are not experienced in crypto trading then you must avoid day trading activities. 

Strategies And Methods to Make the Right Crypto-Investment

Introduction

Bitcoin is gradually emerging as one of the most popular cryptocurrencies among investors. It uses digital technology in the form of highly safe and secure blockchains. Moreover, since it is decentralized and does not follow the traditional banking system, the transactions occur at lightning speed. As it is increasing in popularity gradually, there are many outlets accepting Bitcoins for any online transactions. Presently there is a steady increase in the graph of Bitcoins. If you take interest in bitcoin and then in some investments, well you might think about start your crypto journey now. If you are interested in bitcoin trading, you should look into websites such as BitIQ trading platform.

Bitcoin trading is easy, but you need to thoroughly study the digital market and how the blockchain works. So, if you want to invest in Bitcoins, there are three things that you need:

 

  • Personal identification documents
  • Bank details
  • A fast internet connection

 

Following are five simple steps to invest in Bitcoins.

  • Choose A Bitcoin Exchange

Choosing a Bitcoin exchange is the first step of investing in Bitcoins. You need to be extremely cautious while selecting the Bitcoin platform. Most convenient option in this regard is the cryptocurrency exchanges. While choosing a business, you must ensure the facilities you are getting. The transaction needs to be fast and smooth. Since there are various crypto exchanges, you must decide the platform you want to choose before making your first dive. Since it depends on your needs, you must thoroughly research all the exchanges.

  • Get A Bitcoin Wallet

A wallet is like your traditional Bank, where you store Bitcoins and other cryptocurrencies. You can choose anything from the cold or hot wallet options available. You can choose any of the wallets between the two options available. Both the options are safe and have their advantages. However, it would be a safer option to choose the cold storage. Once you select a wallet, you will get a PIN, the key to all your online transactions. You need to keep the PIN securely because you will lose all your money if the hackers get a smell of it. For these reasons, a hot wallet is unsafe as your PIN is online and hence vulnerable to hackers. However, a hot wallet can be your first preference if you are purchasing small coins. it lets you transact faster. 

  • Connect Your Bitcoin Wallet With Your Bank

Once you get the wallet, you need to connect it with your Bank. it lets you with a quick buy of bitcoin. You will also need to connect your bank account with the cryptocurrency exchange.

  • Place Your First Order

Now that you are ready with your crypto exchange, the next thing would be placing your order to buy bitcoin. You will get all the various types of Cryptocurrencies in the exchange. Also, you must decide the number of bitcoins that you want to purchase. When you are new to the crypto world, it would be preferable to buy it in small quantities. Since you are an amateur, you must not have a bitter first experience. So, if you are dealing with small amounts, it will not matter much even if you lose your money. There are some coins whose value is very high. So, some crypto exchanges allow you to buy a fraction of it. You must never forget that investing in Bitcoin is risky if you do not keep track of the market trend. 

  • Managing Your Bitcoin Investment

You are ready to purchase or make online transactions when you have some cryptos available in your digital wall. It is not necessary that with Bitcoins, you can only do Bitcoin trading. In the present era, you can also use Bitcoins to do oil trading if you want to make some extra profit. One of the most exciting features of cryptocurrency exchanges is that they will provide you with in detail all the tools and information to buy and sell Bitcoins. 

Conclusion

Therefore, before you dive into investing in Bitcoins, it is advisable to do thorough market research of the crypto world. Since now you get everything with the click of a button, it is advisable to study Cryptocurrencies.  

European Investment Bank to strengthen support for climate, connectivity, renewables, education and innovation across Ireland

The European Investment Bank is expected to strengthen backing for climate action, clean transport, renewable energy, healthcare, education, agriculture and business in Ireland, in addition to enhancing support to sectors such as energy efficiency and peatland’s rehabilitation, following the meeting of the Ireland-EIB Financing Group held at Department of Finance today.

“The European Investment Bank is a key partner to ensure that Ireland benefits from high-impact investment that unlocks opportunities, improves services and delivers a more sustainable future. It is a pleasure to welcome Vice President Kettel Thomsen and his colleagues back to Dublin for today’s meeting of the Ireland-EIB Financing Group. Discussions between Ministerial colleagues and the EIB will ensure that the EIB’s unique financial strength and technical expertise can accelerate transformational investment across the country and build on the EUR 1 billion of EIB and EIF financing for Irish investment delivered last year. Yesterday’s agreements for EUR 200 million new EIB support for capital investment in 30 schools and advisory support to cut energy bills in schools across the country shows the unique impact of the EIB in this country.”

said Paschal Donohoe T.D., Irish Finance Minister and Governor of the European Investment Bank.

“The EIB-Ireland Financing Group ensures that the EIB can back crucial investment that drives business growth, tackles infrastructure needs and delivers climate action. This week’s visit builds on the EIB Group’s enhanced recent engagement to respond to challenges related to Brexit and COVID-19. Today’s discussions with Ministers from across government will ensure that no opportunities are lost to overcome current challenges and unlock transformational new investment.”

said Christian Kettel-Thomsen, Vice President of the European Investment Bank.

The meeting of the EIB-Ireland Financing Group included the Minister for Public Expenditure and Reform Michael McGrath T.D., Minister for Environment, Climateand Communications and Transport Eamon Ryan T.D., Minister for Housing, Local Government and Heritage Darragh O’Brien T.D. and Minister of State for Agriculture, Land Use and Biodiversity, Senator Pippa Hackett.

Officials from across government and the EIB’s team dealing with Ireland also participated.

Over the course of this year the EIB expects to confirm around EUR 1 billion of new financing for projects across Ireland, including energy efficiency, increasing renewable energy generation and electricity interconnection, SME’s and farmers, innovation, improving university facilities and construction of new social housing.

The EIB-Ireland Financing Group was established in December 2016, alongside the opening of the EIB’s first permanent office in Ireland, to strengthen cooperation between the European Investment Bank and Irish government departments and stakeholders.

The European Investment Bank is Europe’s long-term lending institution and owned directly by the 27 EU member states and the world’s largest international public bank.

Over the last decade the EIB has provided more than EUR 8 billion for long-term investment across Ireland, including education, energy, transport, social housing healthcare, agriculture and water projects, as well as investment by small business and corporate research and development.