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€1M INVESTMENT IN WATERFORD VR COMPANY IMMERSIVE VR EDUCATION

IVRE Moon Scene

From Left: Orla Rimmington, Partner, Kernel Capital; Niall McEvoy, Senior Development Advisor, HPSU Dept. Enterprise Ireland; David Whelan, CEO, Immersive VR Education; Pamela Pim, Head of Bank of Ireland Waterford and Barry Downes, Managing Partner, Suir Valley Ventures on set of IVRE’s VR Experience.

The Bank of Ireland Kernel Capital funds & Suir Valley Ventures lead €1m investment in Waterford VR Company Immersive VR Education Ltd

Kernel Capital through the Bank of Ireland Kernel Capital Venture Funds and Suir Valley Ventures have led a €1M investment in Immersive VR Education Ltd. (IVRE), a developer of VR (virtual reality) software and immersive experiences with a specific focus on Education.  Enterprise Ireland also participated in the round.

A spin-out from WIT’s research-based Telecoms Software and Systems Group (TSSG), IVRE’s platform provides virtual reality content that can be used in schools, colleges, universities, research centres and corporate training to teach any subject in a virtual environment allowing students to fully immerse themselves in the experience, making hard to visualise concepts easy to understand.

Last month, the Company took home two HTC Viveport Developer Awards adding to their 5 other international awards.  IVRE won awards for their Engage Platform and Apollo 11 VR, which uses archive footage and audio from NASA to relive the historical moon landing of 1969.  Apollo 11 launched in April 2016, with initial sales of 50,000+ copies on the Oculus and Steam stores.

The founding husband and wife team David and Sandra Whelan have succeeded in attracting high calibre VR talent from around the world and currently employ 20 at their offices in Waterford.  This investment will enable IVRE to accelerate its growth plans. The Company is currently collaborating with Oxford University and the Royal College of Surgeons to develop VR-based training programmes for medical professionals.

“This investment from Kernel Capital and Suir Valley Ventures will allow us as a company to continue to grow, continue to hire and expand beyond our current capabilities. Virtual reality is such an exciting, new and emerging industry with many new opportunities.  It’s great to work with such an established institution such as Kernel Capital with their proven track record of bringing early stage companies to fruition. We are very lucky to have them on board as partners on this journey to a new digital virtual world.”

David Whelan, CEO, Immersive VR Education Ltd

 “Virtual Reality is playing an increasingly important role in the evolution of education and Immersive VR Education is at the forefront of this change.  IVRE has gained excellent market traction with their first VR experience Apollo 11, and this investment will help them to achieve scale and bring innovative new products to market.”

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What it takes to digitize your business

Bannerr workshopOn Wednesday March 29 TSSG hosted a free 2-hour morning workshop in Kilkenny on “What it takes to Digitize your business”

Over the past number of years we have seen a consistent trend where businesses in the traditional services sectors such as insurance, financial, construction are transforming their industry works. We are seeing technology driven business models that operate on a global forum, disrupt how local services companies operate. The aim of this workshop was to help bring existing business to a new level by using technology to be more efficient and reach new customers.  It included several successful case studies of businesses  including eDrive, Waterford who reinvented a traditional business by utilising information they already had to digitize their business.

The event was hosted in conjunction with eDIGIREGION, Kilkenny Leo, ArcLabs

 

TSSG attends ERTRAC Annual Conference, Brussels March 2017

sean2TSSG’s Sean Maher attends ERTRAC Annual Conference ‘Digitalisation and decarbonisation towards the future European transport system’, Brussels March 8th 2017.

This event was hosted by the Representation of the Free State of Bavaria to the European Union and its aim was to highlight the need for Europe’s transportation system to become carbon neutral in order to reduce pollution and increase the quality of life of its citizens.  It also highlighted the need for autonomous vehicles in order to reduce road traffic fatalities to near zero.

The keynote speech was given by Detlef Stolten of the Institute of Energy and Climate Research, on future energy mix and mobility.  He described how the fluctuations in demand for electricity can be evened by producing hydrogen during times of low demand and using the hydrogen to produce electricity when demand is high.   In addition, Philippe Gourgeon, Collaborative Project Director, Comfort and Driving, Valeo gave a presentation on Human Machine Interface and user perspective  he described the use of assist technologies to increase the User Experience for an elderly driver.  One such technology is the use of an Xtra Vue See-through which takes a picture from a camera at the front of a bus and displays it on a screen in the car behind.

For more information on the event, please click here

Ireland of Things: 50 key players in Ireland’s IoT ecosystem

Mapping Ireland’s vast internet of things network reveals a web of collaboration and innovation.

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Limerick emerges as just one of the key locations in Ireland’s connected IoT ecosystem. Image: Patryk Kosmider/Shutterstock

The internet of things (IoT) has grown from distant concept to near-realisation owing to the collaboration of many moving parts. Network providers, electronics manufacturers, R&D labs, multinational corporations, start-ups, innovators and strategic advisers have each made their contribution to the act of ushering in this new age of connected devices.

In Ireland alone we can see how tightly knit the IoT ecosystem is, weaving together a broad spectrum of players. From networks to infrastructure to research to software, we can see how each component interacts with the others to make integral systems such as machine-to-machine communication (M2M) and the industrial internet of things (IIoT) happen.

Entrepreneurs and commercial partners are collaborating with universities and research centres. Forward-looking consultancies are not only writing the reports on IoT and its impact, they’re also working with their clients to develop and implement solutions. It’s all one big interconnected IoT family on this, the ‘island of things’.

Accenture

Global consultancy Accenture needs to stay on top of business-transforming technology. At its recently opened multidisciplinary research and incubation hub, The Dock, the company focuses its research on artificial intelligence, advanced analytics and the internet of things, hiring widely for talent interested in developing new IoT technologies.

AMBER

Last year, the Advanced Materials and Bio-Engineering Research (AMBER) centre at Trinity College Dublin (TCD) won a €4.4m Horizon 2020 research contract to develop a new class of magnetic materials for electronics. Led by TCD’s Prof Plamen Stamenov, the TRANSPIRE project could lead to on-chip and chip-to-chip data links at least 100 times faster than current standards, enabling speedier data transfer for the internet of things.

Analog Devices

For the past 40 years, Analog Devices has been developing semiconductors – particularly within IoT – in Ireland, with a staff of 1,200. Twenty per cent of the company’s patents are filed by Ireland-based workers. In November last year, Analog acquired solid-state laser beam steering technology from Vescent Photonics for future autonomous vehicles.

ArtOfUs

Software company ArtOfUs aims to put people at the heart of the IoT ecosystem with its pioneering human operating system platform. Based in London, ArtOfUs recently opened an office at the Digital Hub in Dublin, creating 18 jobs and establishing its presence in Ireland’s IoT community.

Asavie

With its headquarters in Dublin, Asavie is one of Ireland’s biggest IoT connectivity providers through platforms like PassBridge. At the recent Mobile World Congress (MWC) in Barcelona, the company with over 100 staff unveiled an Industrial IoT Accelerator Kit to speed up IoT adoption in the wider world.

BT

Network provider BT is establishing itself on new footing with IoT. BT is offering a support ecosystem for IoT initiatives, encompassing cloud, a global network and data centres. In the UK, the company is involved with the Milton Keynes smart city project and has published a white paper detailing its work in this area.

TSSG

TSSG, the Telecommunications Software & Systems Group at Waterford Institute of Technology, is a research centre dedicated to IoT development. The body claims to have delivered solutions to more than 210 start-ups in the past five years, with 14 spin-out companies emerging from its campus. In 2014, TSSG partnered with Tyndall to target €82m worth of EU funding for IoT start-ups.

Comtrade

With its head office in south Dublin, Comtrade is engineering the software behind IoT – particularly within Ireland’s medtech sector, which it hopes will provide 25pc growth year-on-year by 2020. Currently, its Irish team of engineers is developing software that will benefit advanced wearables and in vitro diagnostics.

Connect

With €50m through Science Foundation Ireland (SFI) and other funders, Connect’s Irish reach is extensive, with 250 researchers spread across TCD, University College Cork (UCC), Dublin City University (DCU), University College Dublin (UCD), University of Limerick (UL), Cork Institute of Technology, Maynooth University, Dublin Institute of Technology, Tyndall National Institute and TSSG. An example of Connect’s work is its Pervasive Nation which, when finished, will be a national-scale IoT research infrastructure.

Croke Park

Croke Park is Ireland’s first (and only) smart stadium. The centerpiece of a collaborative project from Intel and DCU, the home of the GAA is now also home to myriad companies using it as a test bed for new IoT ideas.

Cubic Telecom

Employing over 100 staff at its Dublin office, Cubic Telecom has created a global connectivity platform in all new Audi road cars. On a visit to Dublin last year, Microsoft CEO Satya Nadella referred to the company as “a fantastic example of an Irish start-up”.

Dairymaster

Dairymaster brings the internet of things to dairy farms. The company is behind MooMonitor+ and Swiftflo Commander, designed to give farmers up-to-date information on herd health and milk yield. A shining light of agritech R&D, Dairymaster provided tech for a €2.3m UCD dairy research facility in Kildare.

Daqri

With an array of smart devices on offer, Daqri wants to create “the gateway to augmented reality”. Of particular interest is its AR helmet, which could revolutionise the IIoT world. In 2015, Daqri opened its European headquarters at Dublin’s Silicon Docks, the epicentre of Irish IoT innovation.

Davra Networks

Award-winning start-up Davra Networks is taking the IoT world by storm in Ireland and abroad. It has already worked with Cisco to create an end-to-end IoT platform in Texas. This year, it launched ConnecThing.io, a platform dedicated to solution providers.

DCU

Croke Park is not where DCU’s IoT ties end. The university runs an electronic systems course, allowing students to ‘major in IoT’. At its Ryan Academy, an accelerator supports IoT start-ups. And DCU researchers are currently working on a €4.6m cloud project that will support next-gen IoT development.

DCU Alpha

DCU Alpha (formerly DCU Innovation Campus), is a commercial innovation campus housing 35 companies working across emerging technologies in the connected health, clean energy and IoT spheres. The campus promotes the growth of these research-intensive businesses, supporting companies as they scale and innovate.

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Mobile Services Technology Gateway (MSTG) Manager (Ref. # 018938)

Job Title: Mobile Services Technology Gateway (MSTG) Manager (Ref. No. 018938)

Department: TSSG

Location: Waterford

Commencement Date: May/June 2017

Duration: Specified Purpose (approx. 2 years in line with funding)

Description:
The manager is responsible for the promotion of the Gateway and the development of industry leads to fulfil the targets agreed with Enterprise Ireland.

Minimum Qualification Required:
The successful candidate will hold a degree level qualification in a technical discipline (or equivalent) and have a significant track record of delivering results in a complex organisational setting.  He/she should have:

  • Business Development experience and a track record of dealing with a range of customer
  • Sectoral understanding of MSTG’s targeted industry base
  • Demonstrable knowledge of MSTG’s technical focus areas (mstg.tssg.org)
  • Experience of running a team and delivering on project results
  • 5 years’ experience working in a relevant industrial setting

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