Rapid Innovation Group closes 3 client partnerships in the second half of 2015

The client in question has developed a patented wind energy solution which extracts up to 100% more power from the wind than conventional wind turbines.

Between September and December 2015, RIG worked with the client to close 3 international sales partners based in strategically valuable territories: The Philippines and South East Asia, The Canary Islands, and Italy.

Rapid Innovation Group Oil and Gas client wins orders of $10.2 million this year

The client is a world leader  in corrosion monitoring systems and this year’s order intake has grown significantly despite the downturn in Oil and Gas. Compared to last year, order intake has grown by 38%.

RIG helped its client drive this growth, by focussing on emerging markets in Asia and Australia. Growth in order intake in these regions was 175%.

Rapid Innovation Group client enters a fourth year of consistent international revenue growth

Tasked with internationalising a subscription software company selling support services, Rapid Innovation Group’s partners have worked closely with the client’s management team to develop enabling partnerships with tier one consulting firms.

From early successes on the European continent, the client can now deliver its software to customers on all six inhabited continents – and currently does so on four of these in multiple languages.  Successful partnerships have been the springboard for both effective delivery and significant revenue diversification away from a dependency on the British Isles.

The client is on track to grow for a fourth year at an annualised compound rate of 25%.

In additions to solving the delivery challenge in a scalable manner, Rapid Innovation Group has supported the client through a number of internal challenges relating to organisational structures and product production and maintenance processes – all of which will enable growth through the next significant phase of the business: true scaling.

The client is expected to hit its next major revenue milestone in early Q2 2016.

RIG partners with space technology company to commercialise in Oil & Gas

RIG has started an engagement with an Irish company that has developed the heat-shield technology for the European Space Agency’s 2017 mission to the sun. No man-made technology has ever been closer to the sun, and without this revolutionary technology, the mission would not be possible.

EnBio, based in UCD’s Nova Centre, has developed CoBlast, a technology that is capable of replacing a metal’s oxide layer with a range of different combinations of particulates – each capable of conferring on the metal a bespoke set of properties.

For the Solar Orbiter mission, the required properties are extreme thermal tolerance and adhesion to the top-layer coating. Because of the mission-criticality of the technology, it has been has been accelerated to TRL6 in an exceptionally short time frame.

RIG is now working with EnBio on market validation in order to establish the potential applications for this technology in other sectors.

RIG expands its Oil & Gas practice

At the beginning of February, RIG was pleased to welcome Graham Spencer to the team.

Graham will be joining RIG’s Oil & Gas practice, having previously worked for a boutique headhunting firm in the industry.

Graham is particularly interested in IP-rich technologies and will be supporting clients looking to commercialise their technologies in the oil, gas, and related industries.

RIG consultants to teach at General Assembly

RIG consultants Shields Russell, Jessica Tayenjam and Ffion Rolph will be teaching ‘Strategy Fundamentals for Tech Startups’ on Wednesday 29 January at General Assembly London.

The class will help students to:

  • Understand what strategy really means in a startup context.
  • Define a methodology for creating a strategy.
  • Create a toolset to assess the viability of your strategy.

To find out more about the class and purchase your ticket, visit the General Assembly website.

RIG client named in Deloitte's Technology Fast 50 for Ireland

For the fourth consecutive year, RIG client, Export Technologies, has been awarded a place in the Deloitte Technology Fast 50 for Ireland. The company came 15th in a list which is comprised of Ireland’s fastest growing Technology companies.

This award recognises the company’s sustained growth over many years, as well as its commitment to the continued research and development of its technology. Export Technologies is recognised as an enterprising company which is now looking to grow further and expand beyond Northern Ireland.

The company’s eCommere platform, the IRP, has been responsible for growing and driving the online sales of many well known retailers, including Chain Reaction Cycles, which is now ‘the world’s largest online bike store’.

RIG expands partnership

As of 1 October 2013, RIG consultants Sameer Pal and David Gates are now Equity Partners in Rapid Innovation Group.

Sam has been with RIG since 2003 and leads our High IP and Oil & Gas practice areas. A consummately international individual, Sam is highly skilled in crafting and executing complex multinational sales and partnerships.

A RIG member since 2005, David leads the Early Stage and SaaS practices. With a laser focus on results, David has a distinctive competence in embedding scalable processes across business areas and generating critical early sales.

RIG is indebted to Sam and David for their long-standing commitment to the company and our clients. We look forward to their ongoing contributions to shaping the business as partners.