The Feasibility Grant is designed to assist promoters in researching the market demand and technical viability of a new product or service before committing to full development or launch. It includes assistance with innovation including specific consultancy requirements, hiring of expertise from third level colleges private specialists, design and prototype development.
The maximum Feasibility Study Grant payable for the S&E Region shall be 50% of the investment or €15,000 whichever is the lesser. The maximum Feasibility Study Grant payable for the BMW Region shall be 60% of the investment or €15,000 whichever is the lesser.
Expenditure may be considered under the following headings:
- Market Research
- Consultancy Costs
- Technical Development/Prototype/Innovation
- Salary/Own Labour Research
- Miscellaneous Costs
- Only businesses or individuals intending to explore the feasibility of a manufacturing or internationally traded service sector business may apply.
- The enterprise must not employ more than 10 people
- The business must operate in the commerical sphere
- The enterprise must be established, registered and operate within the geographic location of the Local Enterprise Office
- The enterprise must demonstrate a market for the product/service
