Innovation Vouchers

Innovation Vouchers

The next call for innovation vouchers will open on Wednesday the 6th May, 2015 and close on Wednesday 20th May, 2015 at 3pm.

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.

We are pleased to announce that we are opening up the innovation programme to medium sized companies as well. This will run on a pilot basis for an initial period of 6 months.

Am I eligible?

The Innovation Vouchers initiative is open to all small and medium-sized limited companies registered in Ireland. Applications are not restricted to clients of Enterprise Ireland. 

Exclusions

Small and medium-sized enterprises in the agricultural sector are excluded in line with State aid guidelines.

Companies with charitable status, commercial semi-state companies, “not for profit” organisations, trade associations, company representation bodies such as Chambers of Commerce, Sports Clubs and other non-commercial bodies or associations are not eligible to participate in the innovation voucher initiative.

Small and medium-sized company definition (SME):For the purposes of the Innovation Voucher Initiative, a small and medium-sized enterprise is defined as a company or (if part of a group) a group of companies where the total number of full-time employees in the company (or the entire group) is less than 250 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).

 

Eligibility Criteria and Conditions of Use

Small and medium-sized companies may make use of a maximum of three vouchers, one of which must be a 50-50 co-funded Fast Track voucher.

Companies that have been approved in excess of €300,000 (includes funding under the Enterprise Ireland Innovation Partnership programme) funding from Enterprise Ireland in the previous 5 years are not eligible to apply for a fully funded 5k Standard Innovation Voucher, but are eligible to apply for a Co-Funded Innovation Voucher provided they satisfy all other eligibility criteria.

A company may have one ‘active’ voucher at any point in time. Companies should ensure that the voucher has been redeemed by the knowledge provider before applying for a subsequent voucher.

Companies will not be eligible for further vouchers until their accounts with the knowledge providers are settled in full (including the payment of VAT).

Your voucher will also be accepted by registered knowledge providers in Northern Ireland as part of Enterprise Ireland’s arrangement with Invest Northern Ireland.

Please note that Innovation Vouchers are EXCLUSIVE OF VAT. You will be charged VAT by the knowledge provider and this cost MUST be settled separately by the company.

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.

 

Ineligible activities

The Innovation Voucher may not be used to cover the costs of:

  • achieving compliance with statutory regulations or legislation;
  • standard training courses;
  • software purchases and software development;
  • aid that would promote/subsidise the cost of exports;
  • internships for students of knowledge institutions;
  • design and production of advertising material;
  • sales activities;
  • business plans, business strategies, economic appraisals, costs analysis, general business consultancy;
  • standard website development and online optimisation;
  • standard mobile applications development;
  • activities such as market research and market surveys that may be readily provided by the private sector;
  • calorie & nutritional analysis, recipe development etc for all Food Service Outlet menus;   
  • activities supported by the mainstream funding mechanisms available from other Development Agencies such as the Local Enterprise Offices;
  • activities unlikely to result in commercial enterprise or business capable of generating jobs and/or exports;
  • advice or assistance with the following areas; - Legal - Commercial law - Patents - Taxation
  • Training and mentoring;
  • Marketing activities, digital marketing activities, marketing plans & strategies

If potential solutions to the knowledge question already exist in the marketplace, then Enterprise Ireland is likely to reject the application on the basis that the proposed activity may be undertaken by the private sector.

 

How do I apply? 

We are pleased to announce the launch of our new Online Application System for Innovation Vouchers which allows you to apply for both Standard 5K Innovation Vouchers and Co-funded Fast Track Innovation Vouchers. In future, all voucher applications must be made via the Enterprise Ireland Online Application System. We will not accept voucher applications via any other method (word documents are no longer considered valid submissions).

If you are a first-time applicant, you will have to register on the Enterprise Ireland Online Application System and create your own account.

All applications for our Standard Voucher must be made during one of our open calls, and we strongly recommend that you commence your application well in advance of the call close date and time.

  • Please note that you do not have to be a client of Enterprise Ireland, nor have an Enterprise Ireland Development Adviser to apply for avoucher.

All voucher applications must be made via the Enterprise Ireland Online Application System:

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