We Are Paradoxx invests in R&D to develop world’s first 3-in-1 hair tool
Belfast-based haircare company, We Are Paradoxx, has developed the world’s first cordless 3-in-1 hair tool following significant investment in research and development (R&D), with support from Invest Northern Ireland.
We Are Paradoxx’s new Supernova appliance straightens, curls and creates wave hairstyles.
The company works with an array of globally renowned retailers, including Harvey Nichols, Saks Fifth Avenue, ASOS and Ulta Beauty.
Dr Vicky Kell, Director of Innovation, Research and Development at Invest NI, said: “Our Grant for R&D supports businesses to develop products and technologies that improve their competitiveness in global markets.
“We Are Paradoxx has identified a unique and innovative market opportunity. It is a great example of how investing in innovation and R&D can open opportunities for a company in the global marketplace. The company now has over 40 global retail customers.
“Through our market visit programmes, we have helped the company to secure global export contracts in Ireland, Italy, France, Russia and the U.S.”
Invest NI has offered the company over £150,000 of support towards R&D, four new jobs, technical product development and assistance to explore new markets through international trade exhibitions.
Yolanda Cooper, founder and CEO, We Are Paradoxx, explained: “Our company values innovation, quality and sustainability. This is an exciting time for us, with the creation of our new Supernova hair appliance, as well as accessing new markets.
“We proactively champion local business and act to reduce our carbon footprint. Supernova has been manufactured locally by specialist engineers and each of our products is packaged using sustainable 90% plastic-free aluminium.
“As well as assisting us with R&D investment, Invest NI has helped us explore new markets across the globe. This has allowed us to build our business’ brand internationally and establish relationships that are key to our global success.
“We are now focusing on expanding our eco-friendly product line and developing our Belfast team further, to grow our international portfolio.”
We Are Paradoxx has also received funding from TechstartNI and Co-Fund II, both part of Invest NI’s Access to Finance suite of debt and equity funds.
Techstart NI, Co-Fund II and Invest NI’s R&D support are part financed by the European Regional Development Fund under the EU investment for Growth and Jobs Programme 2014-2020.
Invest NI is committed to driving innovation in Northern Ireland; we are a proud partner of Innovate NI, a Department for the Economy programme, helping local businesses innovate successfully.
For further information visit www.innovateni.com