Feasibility Grant Mayo LEO

Our Feasibility Grant is designed to financially assist small businesses that wish to conduct market research for a product or service and that need to examine its sustainability. 

This grant includes assistance with innovation costs including specific consultancy requirements, hiring of expertise from third level colleges, private specialists, design, patent costs and prototype development.

The maximum Feasibility Grant payable is 60% of the investment or €15,000, whichever is the lesser. 

What expenditure is eligible under the Feasibility Grant?

Innovation Costs

Costs under this category may include prototype development, innovative design, research costs, and third level college consultancy.

Consultancy Costs

These include design fees, architect fees, and legal fees.

Miscellaneous Costs

This may include subsistence & overnight costs, air travel, own labour research costs etc. The overall maximum drawdown in this category should not exceed 20% of the overall grant given.

Note: VAT is excluded, and payments to state bodies including local authorities are excluded.

How can I apply for the Feasibility Grant?

Contact us today to discuss your needs with one of our Business Advisors.