Agile Innovation Fund

Agile Innovation Fund

Responding to the threats and opportunities posed by Brexit demands innovation - products, services and processes need to be tailored and improved for international markets before opportunities are lost to the competition or changing conditions.

Enterprise Ireland’s new Agile Innovation Fund, which is open to clients of Local Enterprise Offices, allows companies to access up to 50% in support of innovation projects with a total cost of up to €300,000 – with fast-track approval.

So you can engage in the innovation activity necessary to make your international growth ambitions a reality.


Why Choose the Agile Innovation Fund?

The benefits of choosing the Agile Innovation Fund include:

  • Helps companies in sectors with rapid design cycles keep their advantage by offering an online application and Fast-Track-Approval process
  • Companies can access up to 50% funding, where the grant requested is < €150k (total project cost < €300k)
  • The Fund is open to Enterprise Ireland clients and non-Enterprise Ireland clients, and applications may be submitted at anytime 

Business Innovation

  • Business Innovation projects are also eligible to apply under Agile Innovation
  • Business Innovation projects aim to put in place a new service-delivery, production-method or a change to the business model of the company

Who is it for?

Companies who are;

  • new to R&D
  • operating in short, product life cycles
  • undertaking small/short projects

If your company meets the eligibility criteria and you intend to undertake a significant R&D project, please get in touch so that we can assist you with your application.

Am I Eligible? 

You are eligible to apply for Agile Innovation Funding, if:

  • Your company is an Irish based manufacturing or internationally traded services company
  • You can show adequate cash resources to implement the proposed RD&I project

Note:

  • All registered companies that are trading with positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation).

Grant Rates & Support

  • Grant support is provided for Projects up to €300,000.

Grant Rates & Support

R&D Projects

45%

Business Innovation Projects * 

50%

 

Eligible Costs

  • Existing staff costs / New staff costs
  • Overheads
  • Materials
  • Consultancy
  • Travel & Subsistence
  • Certification and clinical trials


Interested in applying?

If you have a project in mind for the Agile R&D fund and would like to speak with an advisor on making an application, please complete the Outline Proposal templateand email to localenterprise@kildarecoco.ie