Waterford News

CreateFest2019

Waterford City and County Council’s inaugural Festival of Creativity will take place on October 11th 2019. CreateFest celebrates and examines creativity and its role in community, industry and education.

CreateFest looks at various aspects of creativity and includes speaker events, examples of industry best practice, collaborative community activities, an education programme as well as networking opportunities for creative industry professionals.

The festival is funded by Waterford Council, Waterford Cultural Quarter and Creative Ireland. All event take place in Waterford Cultural Quarter; the main programme takes place in Garter Lane Arts Centre, 22 O’Connell Street, Waterford City.

Find out more at www.waterfordculturalquarter.ie/createfest

CIMA logo

Budget 2020 takes place on Tuesday 8 October. CIMA Southern area would like to invite you to attend our upcoming CPD event – Update on Budget 2020. Presented by Brendan Twohig AITI CTA, Tax Director, MK Brazil, Chartered Accountants.

Brendan has worked in the tax sector for the past 25 years and is the tax partner with MK Brazil. Brendan is a well-known speaker and writer on tax issues and he regularly makes contributions to both local and national media.

This event is Free of charge.

Wednesday, 9th October – Granville Hotel, Waterford

6.30pm - Registration, networking and refreshments

7.00-8.30pm - Presentation and Q&A

To book click here

Talk N Lunch September

LEO Waterford and Boxworks have joined forces to create a series of monthly lunchtime talks, the last Wednesday of every month, over the next six months titled ‘Talk n’ Lunch.’

Doors open at 12.45pm – allowing you plenty of time to have a sandwich, chat, network, ask a few questions and get back to the office with plenty of time to spare.

This month on Wednesday 25th September our guest speaker is Chartered Tax Consultant with MK Brazil Brendan Twohig.

During your lunch at Boxworks, Patrick St, Brendan will chat and share his expertise on.

  1. The Pros and Cons of Forming a company.
  2. Availing of tax relief on investments into a company.
  3. What you can claim from your business and what you can’t.
  4. General tax topics.
  5. Q&A.

Lunch is included – so bring your apatite and an open mind.  Booking is essential

Click here for bookings: https://www.localenterprise.ie/Waterford/Training-Events/Online-Bookings/Talk-n-Lunch-BOXworks-Sep.html

BrexitjigsawCurrency Risk Management

From October 31st how we trade with the UK will change profoundly. Waterford companies that trade with the UK will need to take steps to mitigate the impact of trading with a non-European Union country and once the UK leaves the European Union and Customs Union, it will be regarded as a “Third Country.”

However, it will not just be customs, supply chain management and certification that will be impacted by Brexit. Currency fluctuations are anticipated to have a major impact on how businesses trade with the UK post-Brexit.

Currency volatility has been evident since the 2016 Brexit vote. The value of sterling has depreciated approximately 13% against the euro and weak sterling remains a challenge for businesses, especially those that export to the UK.

In order to mitigate the uncertainty and avert the challenges associated with currency risk, there are several practical guidelines that can be followed if your business exports to the UK:

  • Enterprise Ireland has devised a Currency Impact calculator to help understand the effect of movements in the sterling/euro exchange rate on businesses and to quantify the exposure your business is open to. The free online tool is widely available at and demonstrates what an adverse change in exchange rates will have on business profitability.
  • Based on your businesses level of currency risk, a comprehensive and robust risk management policy is advised as this will anticipate the levels of currency risk your business can comfortable tolerate.
  • Getting two prices or Dual Invoicing (in euro & sterling) is another way to manage your currency risk. By getting two prices you will be able to see the effect of exchange rate difference and have more information to choose the best payment option.
  • Consider getting a forward contract. This is an agreement with your bank to exchange a specified amount of foreign currency at a specified date in the future. This will mitigate the uncertainty around future fluctuations and make forecasting easier.

Richard Hurley is Manager of The Granville Hotel, a Waterford hotel renowned as the birthplace of Thomas Francis Meagher and has been planning for the impact of Brexit for the last two years.

“The impact of currency volatility is something that is particularly felt in the tourism sector. The dip in sterling is certainly affecting British holiday makers travelling to eurozone countries. And those that do visit are spending less, as sterling is not yielding a great return against the euro.”

“However, here at the Granville Hotel and more generally within the hospitality sector, forward planning is intrinsic. Whilst the Irish Hotel Federation is continuing to work with the Government and State bodies to mitigate the potential damage, market diversification remains a key focus for Fáilte Ireland and Tourism Ireland, in addition to providing supports for tourism businesses in relation to digital capability, sales skills and operation efficiency.

“Working together as a destination and caring for the visitors ought to create demand across both the domestic and international market. An example of this has been the collaboration in the food tourism sector resulted in Waterford been awarded the Foodie Destination of Ireland. We are so fortunate that Waterford and the southeast as a region has so much opportunity.”

Richie Walsh, Head of Enterprise at Local Enterprise Office Waterford said that currency risk management is imperative for businesses that export to and trade with the UK.

“The current level of currency volatility is influencing businesses of all scales. Recognising your risk level and putting in place a financial risk management plan is key to weathering the Brexit storm. If companies have the infrastructure in place to respond more effectively to the challenges of currency instability, it will certainly stand to them in the long run.”

“Local Enterprise Office Waterford is working closely with Enterprise Ireland and Government agencies to provide a range of programmes and support to help Waterford businesses get Brexit Ready.”

“We would urge any business that hasn’t addressed the impact of Brexit on their company to get in touch with us today.   We have appointed a panel of Brexit-specific mentors, are running a series of free Brexit clinics that cover all aspects of customs, supply chain management, certification and currency risk management. Local Enterprise Office Waterford also has a dedicated #BrexitReady advisor to provide information and direction regarding each businesses’ Brexit vulnerability.”

If you have any queries regarding your business and Brexit, talk directly to LEO Waterford #BrexitReady advisor, David Walsh, by calling 0761 102 905 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

WIT Light it Up GoldWaterford Institute of Technology (WIT) is hosting its sixth annual event to raise awareness of childhood cancer and to raise funds for The Childhood Cancer Foundation.

As well as its Golden Moments Afternoon Tea event 3-4pm on Monday, 30 September 2019 in the Tourism & Leisure building on the WIT Cork Road Campus, Staff and students are invited to wear yellow or gold on the day and participate in a Human Gold Ribbon on the lawn outside the Tourism & Leisure centre at 2.30pm on that day.

As part of Light it Up Gold the Tourism & Leisure Building is lit up at night in gold (8-11pm), as well as the WIT homepage and other websites.

In addition, as September is childhood cancer awareness month all this week merchandise and raffle tickets will be sold 12.30-2pm in the atrium outside Student Life & Learning on the main campus as part of the Light It Up Gold campaign. People can register their interest in participating in the human gold ribbon.

Every September the Childhood Cancer Foundation runs a campaign called Light It Up Gold. It is part of an international awareness campaign as research into childhood cancer is grossly underfunded. 

Light It Up Gold is marked at WIT because back in 2013 three mothers working in WIT all met on St John’s Ward in Our Lady's Children's Hospital with their children.

Local families that have been affected by childhood cancer will be in attendance as well as staff and students. The idea behind ‘Golden Moments Afternoon Tea’ is for everybody to take a moment out of their busy schedules and consider how they can support each other.

The Golden Moments Afternoon Tea line-up includes:

  • Serena Meagher who will talk about her son Ben who is a survivor of childhood cancer
  • Student Daniel Docherty will sing ‘Bring Him Home’. Daniel took part in the Autism’s Got Talent show in London in August 2108 with ‘Bring him home’, a song that resonates with so many parents with children in hospital.
  • The choir will feature Phil Brennan, his wife Elaine Harvey, Sarah Bates and  Sarah Jane Lavery.
  • A nurse from the Paediatric Ward in UHW will talk about the paediatric oncology  patients in UHW and the improvements she has seen since the involvement of the Childhood Cancer Foundation.
  • Two Arts students will read poems: ‘Imagine’ and ‘To honour you’.

Students will also be volunteering at the event.

Amplitude 2019 LaunchBIG names in Precision Agriculture, Future Health, Smart Energy as well as the Manufacturing, Engineering and Design sectors will come together with academics, business people and the wider public and learn how to access funding from National and EU Calls and submit a winning proposal.

Leading figures from Enterprise Ireland and the IDA, Knowledge Transfer Ireland and the Department of Health will all address the day-long, unmissable Amplitude conference in the five star, Lyrath Estate Hotel in Kilkenny on Wednesday, November 6. Early bird tickets for the long-awaited event remain on sale at just €40 each until 27th September and jump to €85 thereafter on www.Amplitude.ie

Among the invited guest speakers are experts from UPMC International and Smart Agri Hubs Ireland, as well as Horizon 2020, VHI, Sustainable Energy Authority of Ireland (SEAI), Science Foundation Ireland (SFI), the National Development Research Centre (NDRC) and more.

Amplitude is the annual conference led by the Technology Transfer offices and Research Centres from Waterford Institute of Technology and Institute of Technology Carlow. Both support industry and help companies understand the impact of research on their business, industries and sectors. This year, Amplitude is supported by Purdy Lucey and Kilkenny County Council.

Amplitude 2019 offers a unique opportunity for companies, particularly multi-nationals and SME’s, to understand how relatively easy it is to collaborate with an Institute of Technology (IOT) partner in the areas of research, innovation support and the sourcing suitable funding streams, according to Mark White, Vice-President for Research & Innovation at WIT.

“This year, the conference will focus on four key streams; Design/Manufacturing/Engineering, Smart Energy, Future Health and Precision Agri. Each stream will outline the ecosystem, the current state of the art and the opportunities as we endeavour to offer delegates a real insight into the impact research will have on their business.”

Amplitude is a must for business people who want a more direct route to research and funding, according to IT Carlow’s Vice President for Development & Research, Declan Doyle.

“Companies will discover how to approach a research centre and foster a successful collaborative relationship with a goal of improving their company’s research and development capabilities. Delegates will also hear from our team of academic and industry experts as they outline how to access funding from National and EU Calls and offer advice on how to submit a winning proposal,” he concluded.

Paul Flynn Tannery

"The time has come to think of the Christmas season ahead and all the festivities it entails.

Over the last year I have gotten to know some of you through the Waterford Business Awards.

We would love to welcome you and your staff to Dungarvan for your festive night out. Please contact our reservations office for details of our group menus and packages.

Bear in mind that we also have our Cookery School Dining Room for a very different dining experience.

Allow us tailor a demo and dinner for your team to make a unique and memorable Christmas party."

- Paul Flynn

Christmas at THE TANNERY

Crab crème brulee, Asian pickled cucumber, cornerstone toast

Cream of mushroom soup, sticky oxtail

Chicken liver parfait, beetroot jelly, candied almonds

Crispy Hen’s egg, kale Caesar, bacon crumb

Salmon tartare, squid ink cracker, citrus cream

~~~

Charred cod loin, Ajo blanco, lemon and fennel arancini, red grapes

Marinated venison, pot roast red cabbage, horseradish

Roasted cauliflower, haloumi fries, curried raisin dressing

Monkfish, bacon, celeriac, bourguignon sauce

Smoked turkey and ham pithivier, sherry braised sprouts, cranberry relish

~~~

Warm chocolate mousse, Christmas sorbet, redcurrant biscotti

Mulled pear, sable, honeycomb cream

Rum and raisin crème brulee, apple doughnut

Bleu D’Auvergne cheesecake cream, roasted quince, rye cracker

THE TANNERY RESTAURANT, TOWNHOUSE & COOKERY SCHOOL

DUNGARVAN CO WATERFORD

FOR RESERVATIONS

CALL 058 45420

EMAIL. This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.

The South East Lean Network and WIT Academy of Lean Enterprise Excellence present the Annual WIT Lean Practitioner Seminar Series, kindly supported by Enterprise Ireland and brought to you in association with Waterford Chamber Skillnet.
This is a series of free monthly network and knowledge exchange events that bring together continuous improvement practitioners in Lean enterprise, operational, and process excellence to share their expertise, knowledge, experience, and good practices.

DATE: Wednesday, 9th October 2019

TIME: 18:00 – 20:00

VENUE: WIT Arena

About the Speaker

Michael Cox is one of Ireland’s leading business trainers, an authority on emotional intelligence, with a particular flair for delivering highly motivational, participatory and stimulating talks at conferences and AGMs at home and abroad. Prior to establishing MCX Training & Development in 2007, Michael accumulated a range of experience and skills, working in private, public and social enterprises in Ireland, Europe, Africa and the USA. His last position, before establishing his own business, was Head of Training & Education with Chambers Ireland where he established Ireland’s largest private training company, The Chamber Business School. Michael also established ‘Training Solutions’ and won a runner up award in the ‘Best Business Venture’ category at the 2005 World Chamber Congress in Durban, South Africa. MCX Training & Development provides QQI accredited and tailor-made programmes in supervisory management, training & development, communications, team building and facilitation skills. Michael’s passion is exploring, imparting and nurturing best practice relating to emotional intelligence – the key to everything.

About the Topic

We believe that Emotional Intelligence (EQ) is more important than one's intelligence (IQ) in attaining success. As individuals, our success and the success of our careers, professions and jobs, depends on our ability to recognise and admire different types of ‘wiring’ and tailor our interactions accordingly to achieve strong bonds of mutual respect. Therefore, each one of us must develop the mature emotional intelligence skills required to better understand, empathise and work with other people — particularly as the workforce has become more educated, diverse and complex. Otherwise, success will elude us in our lives and careers. This widely acclaimed Emotional Intelligence talk will unlock, harness, develop and maximise full potential of individuals and teams by working to people’s strengths and increase their motivation, performance and productivity.

This seminar will introduce the coaching process that enables successful transformation change by developing your people to continuously improve your business. Trevor will share some key learnings for context, revealing a deeper understanding as to the difference when coaching the ‘What’ as opposed to the ‘Who’ of the coachee. Beginning with Building the Alliance, the coach creates the contract with the coachee thus providing the framework for the required transformation change. Through frequent coaching cycles the coachee continuously improves towards the desired project outcome via small incremental improvements.

Book your place here: https://www.eventbrite.ie/e/wit-lean-practitioner-seminar-series-2019-2020-seminar-09102019-tickets-71204106399?aff=ebdssbdestsearch

LEO David WalshCertification of goods and services

From October 31st how we trade with the UK will change profoundly. Waterford companies that trade with the UK will need to take steps to mitigate the impact of trading with a non-European Union country and once the UK leaves the European Union and Customs Union, it will be regarded as a “Third Country.

However, it will not just be customs and supply chain management that will be impacted by Brexit. Compliancy surrounding certificates and licences will also need to be adapted to remain valid post-Brexit.

Certificates, licences and authorisations are required for trade in the EU for many types of goods such as medical devices and construction products, and for services such as those within the transport sector. If you rely on certificates, licences or authorisations issued by UK bodies, in the event of a no-deal Brexit, these may no longer be valid in the EU post-Brexit. Similarly, when the UK leaves the EU, the UK bodies may no longer have the authority to issue certificates or licences within the EU.

To avoid disruption and delays, businesses are advised to take the necessary steps to ensure they are compliant with EU rules:

  • You need to check whether your current certifications, licences or authorisations will be valid post-Brexit. If you are a member of a professional body, they may be able to advise you further.
  • In the event of no deal, UK Notified Bodies will lose their status as EU Notified Bodies from the withdrawal date. If you rely on UK Notified Bodies for conformity assessment and/or CE Marking, you will need to arrange to either transfer existing certificates, licences or authorisations to an EU27 Notified Body or to obtain new ones altogether. You can check the EU Commission NANDO website https://ec.europa.eu/growth/tools-databases/nando/for a list of designated EU Notified Bodies.

If you source products from the UK, post-Brexit, you will no longer be considered a distributor but instead classified as an importer. In certain instances, this carries additional responsibilities. These may include checking whether your manufacturers have carried out the appropriate assessments, documentation and legal obligations.

You should contact your suppliers, service providers, logistics companies, wholesalers or distributors for assurances about their services post-Brexit. You are also advised to contact your professional body who may have additional advice for you.

Louise Grubb, Founder of TriviumVet, which develops patented pharmaceutical products for companion animals, has taken precautions to ensure compliance in certification procedures.

“The life sciences sector is already highly regulated, and a no-deal Brexit will signal the end of the UK’s participation in the European regulatory network. This is guaranteed to bring further challenges and obstacles to all companies in the medical, pharmaceutical and life sciences sectors.”

“For a company such as ours, we have to ensure that not only do our products fully comply with the new regulations, but that we retain the highest international standards certification to trade in new global markets.”

Richie Walsh, Head of Enterprise at Local Enterprise Office Waterford said that the implications of a no deal Brexit will have repercussions for businesses of all scales. “It’s not only customs and supply chains that will be disrupted, certification and licensing are also in the firing line. Local Enterprise Office Waterford would urge any business that trades with or through the UK to make preparations now that will minimise disruption and curtail unexpected costs.”

“Local Enterprise Office Waterford, in collaboration with government agencies, is providing a range of programmes and advisory supports to help Waterford businesses prepare for impact.”

“We would recommend that businesses, if they haven’t done so already, complete a Brexit Preparedness checklist. This will help them identify the issues that need addressing urgently. We have appointed a panel of Brexit-specific mentors, are currently running a series of free Brexit clinics and have deployed a dedicated #BrexitReady advisor to provide information and direction regarding each businesses’ Brexit vulnerability.”

To avail of expert advice, information and practical supports, such as the Brexit Preparedness checklist to help your business manage your Brexit response visit http://bit.ly/BrexitReadyLEO

If you have any queries regarding your business and Brexit, talk directly to LEO Waterford #BrexitReady advisor, David Walsh, by calling 0761 102 905 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Prof Nolan AwardA Waterford professor was honoured at a prestigious awards dinner in New York last night (Thursday, 12 Sept). Professor John Nolan was named among the 2019 Healthcare & Life Sciences 50 announced by Irish America magazine at the Metropolitan Club in Manhattan. The list celebrates excellence by Irish and Irish-American leaders in fields such as medical care; pharmaceuticals; biotechnology; medical devices; research and development and life sciences venture capital. 

Prof Nolan is a Howard Chair in Human Nutrition Research and is founder and director of the Nutrition Research Centre Ireland (NRCI). He is also the Principal Investigator of the Macular Pigment Research Group (a specialised group within this centre). The NRCI is part of the School of Health Science at Waterford Institute of Technology’s Carriganore campus, where the Howard Foundation UK has invested in research infrastructure, people and studies. 

Presenting the awards, Patricia Harty, editor, Irish America, said: “Prof Nolan is an inspiration to all of us. His work is truly revolutionary, especially in the area of nutritional supplementation for visual function. He and the others we recognise and celebrate with our Healthcare & Life Sciences 50 do incredible work with huge positive impacts on the lives of countless people around the world.

“Their efforts are inspirational - not least for how they persevere in the face of inevitable setbacks. We are very proud to celebrate them and their accomplishments across diverse sectors - all linked by improving health outcomes and pushing the boundaries of science.”

Prof Nolan said: “I’m obviously delighted and humbled to be celebrated in this way. The enduring links between Ireland and the USA are something we should never take for granted and my own research has benefited hugely from collaborating with colleagues at world-leading American universities going back to my time as a Fulbright Scholar in the Medical College of Georgia at Augusta University. In accepting the award, I am also very conscious that I do so on behalf of great teams of people in Waterford and elsewhere that I have worked with and continue to work with.” 

The Carrick-on-Suir man’s research focuses primarily on the impact of targeted nutrition on vision and cognitive (brain) function. In 2011, he won a European Research Council grant that funded two major clinical trials titled Central Retinal Enrichment Supplementation Trials (CREST). Later showcased as examples of EU-funded research and innovation making a difference in everyday life, the research identified how targeted nutrition can improve visual function in the general population and among those with age-related macular degeneration (AMD).

As well as publishing more than 100 peer-reviewed scientific papers on his specialised area, Prof Nolan has helped establish two sister laboratories in the United States (at Duke University and University of California San Diego where he completed a five-month sabbatical in 2016-‘17). He chairs a biannual conference at Downing College in Cambridge and has edited a special issue of Molecular Nutrition & Food Research as well as having editorial roles at the European Journal of Ophthalmology and the Journal of Alzheimer’s Disease.

Current studies led by Prof Nolan at the NRCI are investigating the link between nutrition and brain health and function, with important implications for Alzheimer’s disease.

WIT new buildingA planning application has been submitted to Waterford City and County Council for a new building for Waterford Institute of Technology’s (WIT) main campus on the Cork Road in Waterford.

The proposed 12,800 m2 Engineering, Computing and General Teaching building is the largest of one of 11 state-of-the-art projects announced in 2017 as part of a Project Ireland 2040 investment in institutes of technology.

Described as a ‘living, learning laboratory’ the new high energy performance building will include workshops, laboratories, classrooms, lecture theatres, research space, tutorial rooms, training rooms and administration offices. It will give students in the Schools of Engineering, Science & Computing and Humanities access to state-of-the-art infrastructure and a modern student environment.

The building will be a cornerstone in the future development of the Technological University for the South East. WIT President Prof Willie Donnelly said: “The institute welcomes the announcement of this significant investment in the general education, engineering computer science building which is an important investment for the technological university for the south east. The new building is the largest single infrastructure investment in the institute and will enable the institute to continue to develop a multidisciplinary curriculum in science, engineering and the creative arts in line with the best international third and fourth level education."

"WIT continues to experience strong growth in student numbers in these three areas right up to PhD level. The new building will not only provide these students with state-of-the-art facilities, it will also support the strategic development of training, research and innovation with our regional and international industry partners enabling further economic growth in the region through these collaborations. Through convergence with industry and an internationally recognised model for TUs it will define the educational framework for the TU, and enhance our future offering to the region,” Prof Donnelly continued.

Dr Ken Thomas, Head of the School of Engineering said the new facilities will be key to educating in-demand engineers at undergraduate level and upskilling engineers through flexible and postgraduate programmes. As part of its portfolio WIT recently introduced a common engineering honours degree. In addition a range of flexible options are in demand with working engineers and their employers wishing to bring their upskill in next generation technologies.

“The new facilities will greatly enhance WIT’s education, training, research and innovation activities. It is required urgently to address the skills needs in the medium and long-term and is key to ensuring that the city and the region has the engineering and computing talent and capability for a range of essential business sectors.”

The building is included in the Department of Education and Skills’ Public Private Partnership (PPP) Programme. The parties involved include the Department of Education and Skills, the Higher Education Authority, the National Development Finance Agency (NDFA) and WIT.

Taylor McCarney Architects which specialises in educational buildings and also completed NUI Galway’s engineering building has been appointed to the project.

 

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