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).
  • For companies who are not EBITDA positive contact your Business Adviser in the relevant Development Agency.

Grant Rates & Support

  • Grant rates 25% to 50% - dependent on company size and inclusion of collaboration (for collaborative rates see our Guidelines for Companies document under Further Information below);
  • Grant support is provided for Projects up to €300,000.

Grant Rates & Support

Small Companies

Medium Companies

Large Companies

Maximum Grant

R&D Projects

45%

35%

25%

€150,000

Business Innovation Projects * 

50%

50%

50%

€150,000

 

Eligible Costs

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

For more information and to apply, click here >>