Cushioning the blow: Study finds clues to stock market crashes from ecological disasters

Cushioning the blow: Study finds clues to stock market crashes from ecological disasters-image

Wednesday, 20 January 2016

NUI Galway are co-authors of an international study that finds stock market crashes can be compared to unexpected ecological disasters and natural calamities An interdisciplinary team of scientists from NUI Galway, the Indian Institute of Science (IISc) and Ecole Normale Supérieure Cachan in France, came together to examine if market crashes exhibited the same early warning signs as natural calamities. Their investigation reveals interesting answers and suggests improved metrics for forecasting a market crash. The study was published in the open access science journal, PLOS ONE. While financial analysts can guide you through the daily ups and downs of the stock market, accurate forecasts of an imminent crash is still difficult to predict. Just like natural calamities, stock market crashes occur frequently and often have repercussions for the global economy. Experts are now looking at natural disasters for clues to understand economic ones. Currently volatility in stock prices is used as a basic risk indicator. However, the recent financial crisis of 2007-2008 that caused global markets to shut down temporarily, reminded experts that this is not enough to prepare for a crash. Are there any other signs that we could watch out for? Whispers of a probable answer came from an unexpected field – ecology. Professor Vishwesha Guttal, Mathematical Ecologist at the Centre for Ecological Sciences at the Indian Institute of Science and lead author of the published study, said: “There is a lot of interest in the exchange of ideas between ecology and economics.” This study sprung from Professor Guttal’s discussions with Dr Srinivas Raghavendra, an Economist at the J.E. Cairnes School of Business & Economics at NUI Galway, looking at the behaviour of financial markets as complex systems. Financial markets are suggested to be akin to ecological systems with complex feedback loops and sudden critical transitions, also known as ‘tipping points’. A stock market crash can be compared to unexpected natural transitions such as the onset of the Ice Age, desertification of a fertile area, and the collapse of local fisheries, are just some examples. In recent years, ecologists have been looking for behavioural clues of complex systems in these natural events. It turns out that many complex systems in nature exhibit ‘critical slowing down’ behaviour before reaching their tipping point. This means that just before a critical transition, it takes longer for them to recover from small disturbances because their internal stabilising mechanisms become weak. Hence, the system stays ‘disturbed’ for a longer time than usual, which means that the system becomes highly correlated in the disturbed state. To test this theory on stock market crashes, Professor Guttal and his team rigorously analysed the daily closing data of three major U.S. (Dow Jones Index (DJI), S&P 500 and NASDAQ) and two European (DAX and FTSE) markets spanning the last century. In all cases, they found that variability did increase prior to every known market crash in history. Which means the financial system does get significantly ‘disturbed’ before a crash. But curiously, there was no increase in the autocorrelation of data. Autocorrelation indicates how similar the data is across different time samples. This means that, once markets are ‘disturbed’, market recovery happens as usual without a ‘slowing down’. This trend is consistent for all crashes across all markets studied by the team. “Many papers suggest that financial meltdowns are also transitions near tipping points, but here our research shows that they are not”, added Professor Guttal. Then why do markets crash? Professor Guttal explains, “We suggest this is because the system is dominated by high stochasticity (randomness). Our results indicate that if random disturbances in the market grow stronger with time, they can lead to a financial meltdown even if the market is not close to a tipping point. Variability can therefore be an important statistical indicator in early warning signals (EWS) for market crashes, complementing existing indicators such as volatility.” Could this study have policy implications? NUI Galway Economist, Dr Srinivas Raghavendra and co-author of the study says, “To build robust policies and corrective measures in the future, we need to understand the origin of randomness that drives market meltdowns. This may arise from complex interactions between financial institutions, market microstructure and individual agent behaviour, all adapting at different time scales. Deconstructing such a complex system is necessary for effective policy intervention.” However, there are two major limitations in predictability of such indicators. They don’t indicate when a crash may happen and they only suggest a high probability of a crash. In this detailed study of Dow Jones data, 16 early warning signals emerged from the variability calculations. Of the 16, seven were false alarms. But the good news is that there were no failed alarms and the remaining nine covered every major crash in American market history. Mr Nikunj Goel, an undergraduate physics student who worked with Professor Guttal on this study, has developed a basic web application that provides current trends in markets around the globe. It also shares analysis on historical meltdowns from their published study. The team hopes to add more features to this app and make it more user-friendly. To read the full study in PLOS ONE visit: http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0144198 Nature-India, Nature Publishing Group, carried an in-depth article on the paper here: http://www.natureasia.com/en/nindia/article/10.1038/nindia.2015.178 ENDS

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New Sean-nós Dancer in Residence at Centre for Irish Studies

New Sean-nós Dancer in Residence at Centre for Irish Studies-image

Friday, 22 January 2016

NUI Galway’s Centre for Irish Studies has announced the appointment of Páraic Ó hOibicín as Sean-nós Dancer in Residence for 2016. A native of Leitir Mucú in Connemara, Páraic Ó hOibicín is one of a generation of dancers who led the revival of sean-nós dance in the late twentieth century. Key to Páraic’s style of dancing, is a faithful nod to older dancers and the tradition that he saw in his youth. He credits Máirtín Beag Ó Gríofa as the most important influence in his development as a sean-nós dancer. Páraic’s style is highly individual, with a lightness and individuality of step recognisable the world over. Like many of his generation, Páraic was resident for a number of years in the UK, but returned to Leitir Mucú in 1984, and quickly reconnected with the dancing community of his youth through sean-nós and set dancing. A winner of the Oireachtas competition in 2004, Páraic is a sought after performer and teacher, and has been invited to give work-shops and master-classes of sean-nós dance nationally throughout Ireland, in Zurich and this year in America. Among his many dance students over the years are two of his own children Patrick and Soina, who have both been successful in Oireachtas competitions, continuing the family tradition. During his residency, Páraic will participate in a series of performances and workshops at the Centre for Irish Studies and other venues in Galway. A selection of his repertoire will also be recorded to deposit in the Sean-Nós Archive at the Centre for Irish Studies. A series of five free sean-nós dance workshops will take place in An Taibhdhearc and commence on Wednesday, 10 February and are open to the public. This project is funded by Ealaín na Gaeltachta, Údarás na Gaeltachta and An Chomhairle Ealaíon, in association with the Centre for Irish Studies at NUI Galway. -Ends- Rinceoir Sean-Nóis Cónaitheach ceaptha ag Ionad an Léinn Éireannaigh, OÉ Gaillimh Tá sé fógartha ag Ionad an Léinn Éireannaigh, OÉ Gaillimh, go bhfuil Páraic Ó hOibicín ceaptha mar Rinceoir Sean-Nóis Cónaitheach as seo go ceann bliana. D'fhás Páraic suas i Leitir Mucú i gConamara agus is ó Mháirtín Beag Ó Gríofa a fuair sé a chuid damhsa ar dtús. Tá Páraic dílis i gcónaí don seantraidisiún rince agus é ar dhuine desna damhsóirí is tábhachtaí in athbheochaint an tsean-nóis a tharla ag deireadh na haoise seo caite. Bhí Páraic ag maireachtaint i Sasana ar feadh blianta, agus d’fhill sé thar n-ais go Leitir Mucú i 1984. Tá neart duaiseanna bainte amach aige, san Oireachtas mar shampla i 2000. Bíonn sé ag damhsa agus ag múineadh ar fud na tíre agus éileamh air thar lear, i Zurich agus i Mericeá. Beidh an tsraith cheardlann san Taibhdhearc ag tosnú ar an 10 Feabhra. Tá na ceardlanna saor in aisce agus beidh fáilte roimh chách. Is iad Ealaín na Gaeltachta, Údarás na Gaeltachta agus An Chomhairle Ealaíon i bpáirt le hIonad an Léinn Éireannaigh atá ag maoiniú an togra seo. -Críoch-

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NUI Galway Business Degree Goes Global

NUI Galway Business Degree Goes Global-image

Friday, 22 January 2016

Innovative New Business Degree for NUI Galway The new Bachelor of Commerce (Global Experience) course at the J.E. Cairnes School of Business and Economics in NUI Galway adds another innovative degree to the school’s portfolio of global business programmes. Formerly known as the Bachelor of Commerce (International Experience) this NUI Galway degree has been significantly enhanced by extending study abroad opportunities through English, to China, Australia and the United States in addition to existing partner countries throughout the European Union. “This new degree offers the unique opportunity of a work placement and a study abroad in the same year, while still delivering a broad business degree combined with a business specialism in final year. This four year degree is designed to prepare students for the challenges of working in today’s global business environment, explained Programme Director, Dr Gerard Turley. Students complete modules from all different areas of business in the first two years of the degree. In year three, students undertake a work placement and/or study abroad. In final year, students specialise in one of the following eight streams: Accounting and Performance Measurement; Economics and Public Policy; Management of Human Resources; Marketing Management; Digital Business and Analytics; Finance; Business Law; or International Business. Speaking at the official launch of the new programme, Dr Tom Acton, Head of NUI Galway’s J.E Cairnes School of Business and Economics said: “The Bachelor of Commerce (Global Experience) builds on the success of 100 years of business education at NUI Galway. It is offered in addition to the full suite of business degrees in NUI Galway including the highly popular Bachelor of Commerce, Bachelor of Commerce (International with Continental Language), Bachelor of Commerce (Gaeilge), Bachelor of Commerce (Accounting), Bachelor of Science in Business Information Systems and Bachelor of Science in Financial Mathematics and Economics.” President of NUI Galway, Dr Jim Browne said: “Studying abroad in the business schools of leading universities whilst immersed in the culture of our partner countries is a strategic element of preparation of the student for a successful career in international business. The introduction of partnerships in China, Australia and the United States results in a truly international business degree which builds student networks and understanding on a global scale.” Dr Ann Torres, Vice-Dean of Internationalisation at NUI Galway, said, “In order to flourish future business graduates will need to adapt to an ever more global work environment. Global business requires globally confident and culturally aware graduates. The Bachelor of Commerce (Global Experience) course responds to the needs of employers and will produce highly sought after graduates in all areas of business.” For more information please contact the J.E. Cairnes School of Business and Economics 091 492 612 or email business@nuigalway.ie. ENDS

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#wakingthefeministswest - A season of student-led theatre showcasing women’s voices past and present

#wakingthefeministswest - A season of student-led theatre showcasing women’s voices past and present-image

Tuesday, 26 January 2016

Inspired by the recent #WakingTheFeminists movement, #wakingthefeministswest is a Galway-based season of plays and performances by Irish women led by NUI Galway Drama and Theatre Studies students and supported by the Centre for Drama, Theatre and Performance.  The programme’s mission is to stage the work of Irish women playwrights and theatre-makers, both past and present, as well as to provide strong roles for female performers.  This season will commence in January 2016 and conclude in May 2016, featuring multiple events each month. The season particularly seeks to highlight a diverse range of female voices from the west of Ireland and will include theatre, dance, devised work, work from the archive and offerings from new and developing writers. This initiative is being led by Drama and Theatre Studies Ph.D. students Justine Nakase and Nelson Barre, and involves participation from students from first year to Ph.D. level, as well as staff.  Nakase and Barre offer that they are interested in ‘excavating historic women’s voices and elevating contemporary ones’ and hope that this programme actively challenges the argument that women’s lack of representation in theatre as playwrights among other roles is due to a ‘lack of female talent.’ The programme will be launched by Irish Times Theatre award nominated designer, arts manager and leader of #WakingTheFeminists, Lian Bell, on 28 January at 7PM in the Hardiman Research Building, Room G010 and all are welcome.  January and February #wakingthefeministwest performances will include:  Lady Augusta Gregory, Grainne, directed by Justine Nakase, (28 and 29 January, Bank of Ireland Theatre, 8PM) 100 Shades of Grey, devised by the ensemble, directed by Charlotte McIvor, (8 and 9 February, Bank of Ireland Theatre, 8PM) Elizabeth Connor, Mount Prospect, directed by Ciara O’Dowd and Thomas Conway, Druid Director-in-Residence, (25 and 26 February, Town Hall Studio Theatre, 8:30PM) The further programme will be announced in February.  NUI Galway and the Centre for Drama, Theatre and Performance is an ideal base for #wakingthefeministswest. The season’s programme will draw on resources unique to the university, including specialised archives such as the Abbey Digital Archive, a thriving local arts scene, the expertise of the faculty at the Centre for Drama, Theatre and Performance and the connection to the Irish language. #wakingthefeministswest builds on the West of Ireland’s rich history of strong female figures, both in theatre and at large. From the Abbey’s Lady Augusta Gregory to Druid’s Garry Hynes, from the pirate queen Graínne Mhaol to Mary Robinson, the women of the west have had a huge impact on Ireland’s history and culture. #wakingthefeministswest celebrates and honours the women of the west by giving them life and a voice on the Irish stage. For further information on the programme or ticket reservation, contact wakingthefeministswest@gmail.com  -ends-

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Participants Required for Study on the Efficacy of Pilates in Falls Prevention

Participants Required for Study on the Efficacy of Pilates in Falls Prevention-image

Tuesday, 26 January 2016

NUI Galway is currently recruiting participants for a new study on the efficacy of Pilates in falls prevention in healthy older adults over 65 years old. The outcomes assessed will include questionnaires and tests of physical activity, balance, foot pressure, mobility, gait, cognition and falls. One hour classes will take place in Áras Moyola twice weekly for three months with three participants in each class. There will be a total of 24 sessions for each group for the main study and participants are advised to wear comfortable clothes for exercises. There will be a further smaller study of 12 sessions for six weeks with two groups of four participants.   Conducting the study is Larissa Donatoni da Silva, an NUI Galway PhD Health Science, physiotherapist and Pilates instructor. Larissa said: “Our study is looking at the effect that participating in Pilates has on balance, breathing, stretching, and coordination. In particular, we are interested in people over 65 years old, who enjoy doing exercises. We want to measure your level of function with questionnaires and tests so that we can compare it with people who are not practising Pilates.” Participants will get a home Pilates exercise programme and a DVD with exercises demonstrated by the Pilates instructor. The study is supervised by NUI Galway’s Professor Agnes Shiel and Professor Caroline McIntosh. For more detail or to participate in the study contact Larissa Donatoni da Silva at 089 4592533, laridonatoni@gmail.com or l.donatonidasilva1@nuigalway.ie. -Ends-

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NUI Galway Welcomes the Next Generation of ICT Innovators

NUI Galway Welcomes the Next Generation of ICT Innovators -image

Tuesday, 26 January 2016

The Irish Software Research Centre (Lero), in conjunction with the discipline of Business Information Systems at NUI Galway, recently welcomed female transition years’ students from Galway secondary schools for its inaugural Transition Year Innovation workshop. The purpose of the workshop was to heighten awareness of the many exciting opportunities and careers in the ICT sector for women. According to recent Accenture Ireland research, women constitute only 25% of the workforce in STEM related jobs. The workshop was funded by a grant from the GoogleRISE Award. The Lero group at NUI Galway is lead by Professor Kieran Conboy, Dean of the University’s College of Business, Public Policy and Law, and was one of 37 worldwide recipients of this award in 2015, in recognition of its ongoing education and outreach programmes throughout Ireland. During the workshop the students from Holy Rosary College in Mountbellew, St. Brigid's in Loughrea and the Salerno Secondary School in Salthill, were tasked with designing a mobile app for a health and fitness club. To complete their assignment, the students formed three and four member teams, with each team supported by mentors: Carol Guilfoyle and Christina Callanan, Hewlett Packard; Emma Curley, Accenture; Orla Shaughnessy, Storm Technology; Saima Clohessy, Fidelity Investments; Elizabeth Grier, Jessica Tyrrell and Lillian Hughes, fourth year students of the Business Information Systems programme, and Ann O’Brien, Coleen Griffin and Mary Loftus, NUI Galway PhD candidates. Each workshop session featuring a talk from female ICT professionals on their experience of working in technology, before introducing the teams to the activity for the team break out session that followed. The breakout sessions involved “hands on” learning for the Transition Year students, working with their mentors on activities such as systems analysis, user interface design, application development, innovation thinking, collaboration and presentation skills. “We were delighted with the great reaction and engagement of the Transition Year students with the format and conduct of the workshop, with the student, mentors and organisers enjoying the experience,” said Neil Keane, lead organiser of the workshop. The event was organised by Neil Keane, Ann O’Brien and Coleen Griffin, with support from Lero, the Business Information Systems discipline NUI Galway, Hewlett Packard, Storm Technologies, Fidelity Investments, and the Accenture centre for Innovation, Dublin. -Ends-

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New Midterm Festival Announced as part of NUI Galway Societies Spring Programme

New Midterm Festival Announced as part of NUI Galway Societies Spring Programme -image

Tuesday, 26 January 2016

NUI Galway’s Societies Office has launched their Spring Programme highlighting the number of major events which will take place on campus this semester. With 115 societies the programme is packed with a variety of theatre, music, dance, guest speakers, debates, workshops and classes. As part of the Spring Programme, the Societies will present the Midterm Festival, from 8-12 February, to promote involvement in the social and cultural life of the campus. In this first year, the Festival will celebrate the arrival of spring with many of the events open to the public. Festival highlights include: Galway University Musical Society (GUMS) production of ‘The Addams Family’, at the Black Box Theatre. The African Caribbean Society will be hosting their version of the hit TV programme “Take me Out”. Dramsoc will host a workshop with the award-winning Blue Teapot Theatre Company, Performing Arts School and Outreach programme for people with intellectual disabilities. The Literary and Debating Society’s annual Alumni Debate. Witless Band Competition, organised by the Music Society and Rock Society. Other events in the Spring Programme include: Rainbow week, organised by GigSoc (LGBT). Potterfest Galway, organised by Pottersoc, a family friendly weekend for Harry Potter fans. Dramsoc will host the National Student Awards (ISDA) in five theatres across the city and on campus featuring over 25 productions from colleges all over Ireland. The Choral Society will host the National Choral Intervarsity. Dansoc will present ‘Strictly Come Dancing’. Mental Health Week organised by Psychology Society. Brain Awareness Week organised by Neuro Society. A number of conventions and conferences will also feature including: Writers Convention; Fansci ‘Itzacon XII’ a Fantasy and Science Fiction Convention 2016 Convention; Cumann Staire Irish History Students Association, 66th Conference; the Association of Celtic Students of Ireland and Britain; and JugglingCon Galway 2016. Throughout the year the societies engage in numerous outreach and schools programmes, such as schools debating competition, organised by the Literary and Debating Society, the annual Schools Musical Awards, organised by the Musical Society, Suas Society facilitate homework clubs in local schools and the Bike Gang Society promote cycling and sustainable transport with schools and youth groups. Societies work with community groups through the world and fundraise extensively for charity, raising over €224,000 last year, and a number of charity events will also feature in this year’s programme. According to Ríona Hughes, NUI Galway Societies Officer and Chairperson of The Board of Irish College Societies, said: “In addition to significantly contributing to the social, cultural and community life of the campus and Galway’s wider community, the societies also play a vital role in educating and preparing their members and in particular their committee members to fully realise their potential as engaged contributing members of society, ensuring they receive a holistic education and graduate as skilled leaders with integrity, creativity, vision and passion for life.” Last year the Societies Office launched their new leadership programme which aims to instil positive leadership qualities and train the society committee members in the necessary skills to run successful societies, which deliver a quality experience for their members and target communities. The programme also aims to explore how people learn and the role of experimental learning through student led extra-curricular activities. The outcomes of the initial pilot programme have been very positive showing a clear correlation between skill ‘shortfalls’ as identified by employers and the skills the committee members identified they had learnt such as communication, problem solving, confidence and team work. A full list of events taking place is available at www.socs.nuigalway.ie, where you can also subscribe to the mailing list, or call the SocsBox, Áras na Mac Léinn on 091 492852. In addition to the box office at the SocsBox, which is open 10am – 7pm weekdays and until 5pm on Fridays, the Societies Office has also launched their new on-line webstore at www.socsbox.nuigalway.ie. -Ends-

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NUI Galway Postgraduate Spring Open Day

NUI Galway Postgraduate Spring Open Day-image

Thursday, 28 January 2016

Feature talks from SUSI Grants Authority and NUI Galway graduate Móna Wise NUI Galway will host the Spring Postgraduate Open Day on Wednesday, 3 February, from 12 to 4pm in the Bailey Allen Hall, Áras na Mac Léinn. The Open Day will showcase over 400 of NUI Galway’s full-time and part-time postgraduate programmes, including taught and research masters, as well as doctoral research options. Galway native, award winning blogger of Wise Words, freelance writer, all-round entrepreneur and NUI Galway double-graduate, Móna Wise will give a talk on her experience of graduate studies at the Open Day. Her talk, which will take place at 1pm, will focus on her experience of returning to postgraduate study, and how her Masters qualification furthered her career. SUSI (Student Universal Support Ireland), the national Awarding Authority for all higher and further education student grants, will deliver their talk at 2pm, providing students with an opportunity with information on the funding opportunities and application process for postgraduate grants. With over 3,500 postgraduate students currently attending NUI Galway, over 100 information stands will provide details on postgraduate opportunities at the University, with academic staff and current students on hand to answer questions about specific courses. The Open Day will focus on the benefits of doing a postgraduate programme and the practicalities of making an application. Josephine Walsh, Head of NUI Galway’s Career Development Centre, said: “Irish graduates are ranked first in Europe in terms of how employers rank graduates, and postgraduate study boosts employability. The number of postgraduates in employment has grown consistently in recent years and NUI Galway’s well-established links with industry allows them to take the first step in building their career. Over 91% of NUI Galway graduates are currently employed or are in further study within six months of graduating, which is higher than the HEA national average for postgraduates.” NUI Galway offers a wide range of fourth-level courses, developing programmes based on its traditional academic strengths of Arts, Social Sciences, Celtic Studies, Commerce, Medicine, Nursing, Health Science, Law, Engineering, Informatics and Science. These areas have been augmented with innovative research centres in areas as diverse as Biomedical Science and Engineering, International Human Rights, Digital Media and Film Studies, and Regenerative Medicine. New courses being introduced for 2016 include an MSc in Biomedical Genomics, a part-time MSc in Medical Technology and Regulatory Affairs and an MSc in Clinical Neuroscience. To view NUI Galway’s new and unique postgraduate programmes and to book your place at the Open Day visit www.nuigalway.ie/postgraduate-open-day  or simply call in on the day. To apply for an NUI Galway postgraduate course visit www.pac.ie/nuigalway or find out more on Twitter using the hashtag #GetTheEdge. -Ends-

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Second Episode of ‘Lectures in the Library’ to Focus on Peadar Kearney

Second Episode of ‘Lectures in the Library’ to Focus on Peadar Kearney -image

Thursday, 28 January 2016

‘A Soldier’s Song’, the second in a series of lectures curated by NUI Galway’s Centre for Irish Studies as part of its programme of commemoration of the 1916 Easter Rising, will focus on Peadar Kearney, composer of the Irish national anthem. Kearney survived the struggle for independence and experienced poverty and neglect in the Free State for which so many of his close friends had given their lives. Disillusion led to depression but there seems to have been a conspiracy, involving political parties, families and friends, to mythologise him as a serene patriot rather than reveal him as a damaged veteran. The lecture will be delivered by Colbert Kearney, Professor Emeritus of English at UCC, and author of The Writings of Brendan Behan, The Glamour of Grammar, a study of Seán O’Casey, and The Consequence. The lecture will begin at 6.30pm on Tuesday, 2 February at Galway City Library in Augustine Street. -Ends-

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NUI Galway Appoints Blackstone LaunchPad Director

NUI Galway Appoints Blackstone LaunchPad Director-image

Thursday, 28 January 2016

New Entrepreneurship programme for NUI Galway Community NUI Galway has this week announced the appointment of Mary Carty as Executive Director of Blackstone LaunchPad at the University to coincide with the opening of the program to students and staff on campus.  Blackstone LaunchPad is a campus-based experiential entrepreneurship program open to students, alumni, staff and faculty; offering coaching, ideation and venture creation support. It is modelled on a successful program originated at the University of Miami and further expanded by the Blackstone Charitable Foundation. Blackstone LaunchPad is co-funded by the Galway University Foundation and Blackstone Charitable Foundation. Speaking of the appointment, President of NUI Galway, Dr Jim Browne said: “We are delighted to announce the appointment of Mary Carty as Executive Director of Blackstone LaunchPad at NUI Galway. Helping students to become innovators and entrepreneurs is a vital part of the student experience and important for the Irish economy. With the arrival of Blackstone LaunchPad all students will now be encouraged to develop their creative ideas.  This initiative, under Mary’s leadership will play a critical role in the delivery of NUI Galway’s Vision 2020 strategy. In addition, the programme will build mutually beneficial relationships with other Blackstone LaunchPad sites at University College Cork and Trinity College Dublin; along with the Blackstone LaunchPad network in the USA.”  Prior to joining Blackstone LaunchPad at NUI Galway, Mary cofounded of Outbox Incubator; the first ever Incubator for girls in STEM aged 11-22, launched by HRH Princess Anne in March 2015. In its first year, Outbox worked with 115 girls from 6 countries, with 35 companies established. Mary brings a decade of experience working in the technology and startup space, founding two multi-award winning technology startups and was a BAFTA Interactive finalist. She has worked extensively across the public, private and non-profit sectors as an advisor, program developer, keynote speaker and lecturer in Ireland, the UK and Scandinavia.  In 2015, she was listed on Ireland's 'Talented 38', Ireland's Sci-Tech Top 100 and Image Magazine Business Woman of the Year Award finalist for Social Entrepreneurship. Mary has served on the board of the Irish Internet Association, is an adviser to STEMettes, a UK social enterprise, encouraging more young women into STEM careers. A graduate of Ulster University, with an MA in Material Culture and an Advanced Diploma in Management; Mary also holds a BA in Fine Art from Limerick School of Art and Design.  “We could not be more thrilled to welcome Mary to the Blackstone LaunchPad team,” said Amy Stursberg, Executive Director of the Blackstone Charitable Foundation. “Her vast experience as an entrepreneur and in the start-up community uniquely qualifies her to lead Blackstone LaunchPad at NUI Galway as we build the program and work towards its official opening in February.” ENDS Stiúrthóir ceaptha ag OÉ Gaillimh ar Blackstone Launchpad  Clár nua fiontraíochta do phobal OÉ Gaillimh  D'fhógair OÉ Gaillimh an tseachtain seo gur ceapadh Mary Carty mar Stiúrthóir Feidhmiúcháin ar Blackstone Launchpad san Ollscoil agus ag an am céanna go bhfuiltear ag cur tús le clár nua do mhic léinn agus don fhoireann ar an gcampas.   Clár taithí fiontraíochta ar an gcampas é Blackstone Launchpad (BLP) atá oscailte do mhic léinn, alumni, comhaltaí foirne agus na dámha; cuirtear oiliúint, idéú agus tacaíocht do chruthú fiontar ar fáil ar an gclár. Tá sé bunaithe ar chlár a thosaigh in Ollscoil Miami agus a d'fhorbair an Blackstone Charitable Foundation ina dhiaidh sin. Tá Blackstone Launchpad cómhaoinithe ag Fondúireacht Ollscoil na Gaillimhe agus ag an Blackstone Charitable Foundation.  Tá Blackstone Launchpad dírithe ar gach mac léinn san Ollscoil agus beidh ról lárnach aige i straitéis d'Fhís 2020 OÉ Gaillimh a bhaint amach. Chomh maith leis sin, tógfaidh an clár ar an gcaidreamh maith le hionaid eile BLP in Ollscoil Chorcaí, agus i gColáiste na Tríonóide; agus leis an líonra BLP i Meiriceá.   Ag labhairt dó faoin gceapachán, dúirt an Dr Jim Browne, Uachtarán OÉ Gaillimh: “Cúis áthais dúinn a fhógairt gur ceapadh Mary Carty mar Stiúrthóir Feidhmiúcháin ar Blackstone Launchpad in OÉ Gaillimh. Tá Blackstone Launchpad dírithe ar gach mac léinn san Ollscoil agus beidh ról lárnach aige i straitéis d'Fhís 2020 OÉ Gaillimh a seoladh in 2015 a bhaint amach. Chomh maith leis sin, tógfaidh an clár ar an gcaidreamh maith le hionaid eile BLP in Ollscoil Chorcaí, agus i gColáiste na Tríonóide; mar aon leis an líonra BLP i Stáit Aontaithe Mheiriceá.”   Sular ceapadh Mary in Blackstone Launchpad in OÉ Gaillimh, bhí sí ar dhuine de bhunaitheoirí Outbox Incubator; an chéad Ghorlann do chailíní in STEM idir 11-22 bliain d'aois, a sheol an Banphrionsa Anne i mí an Mhárta 2015. Sa chéad bhliain, d'oibrigh Outbox le 115 cailín as 6 thír, agus bunaíodh 35 cuideachta.  Chaith Mary deich mbliana ag obair le gnólachtaí nua-thionscanta agus teicneolaíochta, bhunaigh sí dhá ghnólacht teicneolaíochta a bhfuil gradaim go leor bainte amach acu and bhí sí féin san iomaíocht do ghradam BAFTA Interactive. Tá obair fhorleathan déanta aici san earnáil phoiblí, phríobháideach agus san earnáil neamhbhrabúis mar chomhairleoir, forbróir clár, príomhchainteoir agus léachtóir in Éirinn, sa Ríocht Aontaithe agus i gCríoch Lochlann.   In 2015, áiríodh í ar Talented 38 (liosta de na 38 Bean is fearr i saol na Teicneolaíochta in Éirinn), Ireland's Sci-Tech Top 100 agus bhí sí san iomaíocht don ghradam Bean Ghnó na Bliana Image Magazine don Fhiontraíocht Shóisialta. Bhí Mary ar bhord Chumann Idirlín na hÉireann, tá sí ina comhairleoir do STEMettes, fiontar sóisialta sa Ríocht Aontaithe a spreagann níos mó ban óg le dul le gairm STEM. Céimí de chuid Ollscoil Uladh í a bhfuil MA aici i gCultúr Ábhartha agus Ard-Dioplóma sa Bhainistíocht; tá BA ag Mary sa Mhínealaíon as Scoil Ealaíne agus Dearaidh Luimnigh.   “Tá ríméad an tsaoil orainn fáilte a chur roimh Mary chuig foireann an Blackstone LaunchPad,” a dúirt Amy Stursberg, Stiúrthóir Feidhmiúcháin ar an Blackstone Charitable Foundation. “Tá an-taithí aici mar fhiontraí agus leis an eolas atá aici ar ghnólachtaí a thosú níl aon duine eile chomh cáilithe léi le tabhairt faoin Blackstone LaunchPad in OÉ Gaillimh agus tús á chur leis an gclár ag súil go mbeidh an oscailt oifigiúil againn i mí Feabhra.”  CRÍOCH

>> Read full story about NUI Galway Appoints Blackstone LaunchPad Director

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