The maximum Feasibility/Innovation Grant payable for the BMW Region must not exceed 60% of the investment or €20,000 whichever is the lesser.
Expenditure may be considered under the following headings:
- Innovation Costs. Costs under this category may include prototype development, innovative design, research costs, patent costs, and third level college consultancy.
- Own Labour Research. Costs under the category may include own labour involved in carrying out research/prototype development. The maximum amount chargeable under this category is €400 per week subject to the overall maximum under this category not exceeding 20% of the overall grant drawdown.
- Consultancy Costs. These include design fees, architect, accountant and legal fees.
- Miscellaneous Costs. This may include telephone costs, mileage costs at €0.26 per kilometre, subsistence and overnight costs, air travel etc. The overall maximum drawdown in this category should not exceed 20% of the overall grant level.