Our Feasibility Grant is designed to financially assist small businesses that wish to conduct market research for a product or service and that need to examine its sustainability.
This grant includes assistance with innovation costs including specific consultancy requirements, hiring of expertise from third level colleges, private specialists, design, patent costs and prototype development.
The maximum Feasibility Grant payable is 50% of the investment or €20,000, whichever is the lesser.
What expenditure is eligible under the Feasibility Grant?
Costs under this category may include prototype development, innovative design, research costs, patent costs and third level college consultancy.
These include design fees, architect, accountant and legal fees.
This may include subsistence & overnight costs, air travel etc. The overall maximum drawdown in this category should not exceed 20% of the overall grant given.
Note: VAT is excluded, own labour research costs are excluded and payments to state bodies including local authorities are excluded.
How can I apply for the Feasibility Grant?
Contact us today to discuss your needs with one of our business advisers.