InterTradeIreland’s Fusion programme has awarded “Exemplar” status to five businesses across the island, two of which are Northern Ireland based.
At first glance, this small group of firms has very little in common; however dig a little deeper and you’ll discover they’re all bound by the thread of outstanding innovation, assisted by InterTradeIreland.
InterTradeIreland’s Fusion programme
Fusion initiative supports business development by partnering companies with a research institution and a graduate project manager, funded by InterTradeIreland. The graduate works directly with the business to deliver new products or improved processes over 12 to 18 months.
“All of these Fusion projects were in very different areas. We had everything from tech firms working in 3D printing and advanced robotics, to construction firms and textile manufacturers.
“However, all of the companies involved were open to new products and processes. This is what the Fusion programme is about – giving firms the tools to boost their business through innovative collaboration,” says Alan Morrow, Operations Manager at InterTradeIreland.
Between them, the five businesses have reported sales of more than £2.2 million and savings of over £150K during their FUSION projects. Combined, they have anticipated sales of upwards of £14 million and savings of £400K over the next three years.
“Participating in Fusion has made a real difference to each of the firms in terms of developing and delivering new opportunities, new revenue streams and new efficiencies,” comments Alan.
Belfast’s Axial3D is at the cutting edge of medical innovation. The company makes custom 3D printed replicas from medical scans. This individual approach vastly improves outcomes for patients, through better surgical planning.
The company started its FUSION project to improve its capability to print paediatric cardiac anatomy in 3D. It was partnered with Professor Kathleen Curran in UCD and paired up with graduate James Fitzpatrick.
As a result of this cutting-edge collaboration, the firm has developed new technology, entered a new market and won new sales. This has led to its staff numbers growing from 14 to 24.
Hawthorn Heights in Eglinton in Northern Ireland specialises in the design and installation of play parks, sports pitches and landscaping. It worked with Sligo Institute of Technology and graduate Ciaran Farren. This innovative collaboration has helped the company grow dramatically and win new business, doubling its turnover. It has now had to move to bigger premises.
Margaret Hearty, Director of Operations at InterTradeIreland concludes, “It’s important that we celebrate the success of these SMEs. We are delighted to support ambitious companies across the island that are committed to innovation. All of these companies have showcased the success and commercial benefits that come from collaboration. The results speak for themselves and we would encourage other SMEs who want to build innovation into their business to apply for our FUSION programme.”
To find out more about FUSION please visit intertradeireland.com/fusion