Irish software start-up ReaDI-Watch, which has developed a digital framework to make best-practice decisions in managing R&D and innovation activities, has announced its launch into the Canadian market.
ReaDI-Watch made the announcement during a roundtable business event in Toronto hosted by Enterprise Ireland for St Patrick's Day and attended by the business support agency's CEO, Leo Clancy.
Founded in 2021 and headquartered at NovaUCD, ReaDI-Watch has developed a data-driven platform to assist companies with R&D and innovation.
The platform enables users to move from retrospectively reviewing R&D and innovation in their business to win R&D tax credit claims or draw down grant supports and towards addressing such issues in real-time.
The platform also boasts management tools for innovation, R&D, technology development, intellectual property, grant funding and R&D tax credits.
In Association with
ReaDI-Watch has grown a strong customer base of Irish companies across the technology, manufacturing, engineering and software sectors with clients such as Equal1, MagrowTec and Mincon.
The company identified Canada as a key strategic North American market, with CEO and co-founder Dave Byrne having last year temporarily relocated to Toronto to lay the foundations for ReaDI-Watch's entry into the Canadian market.
“I am delighted to formally announce the launch of ReaDI-Watch into the Canadian market and I would like to thank Enterprise Ireland for their continuing support," said Byrne.
“The R&D and Innovation landscape in Canada has significant similarities to Ireland and the UK. Between the research & innovation ecosystem players, the innovation and R&D government supports, R&D tax credits (SR&ED) and the need for Canadian-owned businesses to innovate to improve productivity, ReaDI-Watch has seen Canada as a key strategic market since we incorporated."
Byrne added that he looked forward to hiring ReaDI-Watch's first staff members in Canada and concluded by saying that the firm's goal to to help clients worldwide to increase their return on R&D and innovation investment.
He also aims to help clients "to navigate more easily the R&D tax credit and grant funding landscapes, so that they can unlock their full potential and to increase the level of collaboration in the science and technology transfer space.”
Lydia Rogers, country manager and SVP for Enterprise Ireland in Canada, said: “Enterprise Ireland is delighted to support ReaDI-Watch in their mission of helping companies to embrace innovation and R&D to unlock their potential.
"The innovation and R&D challenges addressed by ReaDI-Watch and their platform resonates strongly with the strategy and focus of Enterprise Ireland, both in Ireland and now as the company has launched in Canada. We look forward to seeing the impact of ReaDI-Watch in the Canadian market.”
ReaDI-Watch won an Emerging New Business Award at the 2023 Small Firms Association (SFA) National Small Business Awards last week.
Photo: (l-r) Leo Clancy, CEO, Enterprise Ireland; Dave Byrne, co-founder and CEO, ReaDI-Watch; Professor Gerry Byrne, co-founder and CSO, ReaDI-Watch; and Lydia Rogers, Country Manager and SVP, Enterprise Ireland, Canada. (Pic: Enterprise Ireland)
