Over 20 new jobs for Cork

Twenty-four jobs will be created in Cork after the Government announced that 53 companies are to be supported by Enterprise Ireland

The jobs will be located in Nomoseire in Bishopstown and Akari Software in Little Island.

Nomoseire specialises in financial services software that enables financial institutions with large capital flows to be compliant with international financial standards and will create 14 jobs. 

“It’s an extremely important development,” said Eoghan O’Leary, CEO of Akari Software, who offer curriculum development and management software for higher education institutions.

“It provides us with some breathing space to continue with developing our overseas market, specifically in United Kingdom and Austria. There are approximately 20 Higher Education institutions in Ireland where there are over 160 institutions in the United Kingdom. The University of Ulster is the largest institution on the island of Ireland but it is only number 32 in the UK.”

Eoghan also explained that the 10 jobs created have already been filled, such is the immediate need to complete the work Akari are doing.

“It’s not easy money we’re getting. It’s not a grant, we have to repay the investment by Enterprise Ireland but it also leveraged private investors to invest with us. Overall it means more jobs , and more jobs that can follow through over the six to 12 months.”

Eoghan also confirmed all the places have been secured by recent graduates, adding there is a keen emphasis in the company in creating intellectual property based within Ireland.

Overall the investment by Enterprise Ireland will create 911 jobs over the next three years in the pharmaceutical, ICT, digital gaming and financial services sector to name but a few.

The announcement was warmly welcomed by Government TDs and Senators in Cork.

“The support of small businesses is crucial to economic recovery and the government has identified them as a key focus within the Action Plan for Jobs,” said Fine Gael Senator Deirdre Clune.

“The expert advice from Enterprise Ireland is a crucial asset to new enterprises and will accelerate their growth and success.”

Cork South Central TD, Jerry Buttimer, paid particular mention to the Bishopstown based Nomoseire, and their 14 new jobs.  

“I am delighted to hear that Nomoseire, an indigenous start-up which enables financial institutions with large capital flows to be compliant with international financial standards, will be creating 14 new jobs at its offices in Bishopstown,” said Deputy Buttimer.

“Since coming into office last year, this Government has introduced a wide range of stimulus measures including establishing a new potential exporters division in Enterprise Ireland to support exporters, monitoring support programmes to help companies improve their performance, and new funding mechanisms such as the credit guarantee scheme and the microfinance fund.”

Cork East TD, Aine Collins, described the decision to start a company as taking  a lot of “guts but it is now, more than ever, that we need our talented young entrepreneurs to step up and develop their business ideas.”