Feasibility Grant

Feasibility/Innovation Grant

Feasibility/Innovation Grants are designed to assist the promoter with researching market demand for a new product or service and examining it’s sustainability.

It includes assistance with innovation including specific consultancy requirements, private specialists, design, and prototype development.
The maximum Feasibility / Innovation Grant payable must not exceed 60% of the investment or €15,000 whichever is the lesser. Expenditure may be considered under the following headings:

  • Innovation Costs. Costs under this category may include prototype development, innovative design and research costs.
  • Own Labour Research.  Costs under this 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 may include design fees, architect and legal fees.
  • Miscellaneous Costs. This may include telephone costs, mileage costs at €0.26 per kilometre, subsistence & overnight costs, air travel etc. The overall maximum drawdown in this category should not exceed 20% of the overall grant level.

(Note payments to state bodies including local authorities are excluded).

Applications for Feasibility/Innovations are accepted and reviewed on a competitive quarterly basis.

Application Closing Dates
31 March 201730 June 2017
30 September 201731 December 2017

Please contact us on 057 9357480 prior to applying for funding to ensure eligibility.

 

 

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