Innovation Vouchers for LEO Clients

The Innovation Voucher initiative was developed to build links between Ireland's public knowledge providers (i.e. higher education institutes, public research bodies) and small businesses. Innovation Vouchers worth €5,000 are available to assist a company or companies to explore a business opportunity or problem with a registered knowledge provider.

For the purposes of the Innovation Voucher Initiative, a small and medium-sized enterprise is defined as a company and has an annual turnover total not exceeding €50m and/or an annual Balance Sheet total not exceeding €43m. (Exclusions: small and medium-sized enterprises in the agricultural sector are excluded in line with State aid guidelines).

Indepth details on eligibility and the application process are available here.

Permitted uses for a Voucher

Innovation Vouchers can be used for any kind of innovation such as:

  • new product/process development;
  • new business model development;
  • new service delivery and customer interface;
  • new service development;
  • tailored training in innovation management;
  • innovation/technology audit.

Vouchers can be exchanged for knowledge transfer projects from the knowledge provider.

For the purposes of this initiative, a knowledge transfer project is defined as one that transfers knowledge of a scientific, technological or innovative nature that it is new to the small enterprise. The small enterprise may then use the new knowledge to innovate a product, process or service.

 

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