Financial supports
Technical Assistance for Micro-Exporters (TAME) Grant
The TAME grant supports clients to explore and develop new export market opportunities, such as participation in international trade fairs and development of export-related marketing materials and websites. With a focus on helping companies to diversify, this scheme is a matched-funding opportunity with up to €2,500 available.
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Trading Online Voucher Scheme
An initiative under the Government’s National Digital Strategy, the Trading Online Voucher Scheme helps small businesses trade more online to boost their sales and reach new markets. This scheme is a matched-funding opportunity with up to €2,500 available, with training and further supports provided by Local Enterprise Offices. Funding can be used towards eligible costs such as digital marketing strategies, e-commerce websites or app development.
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Financial Assistance
For existing companies and potential start-ups that meet eligibility criteria (such as employing 10 or fewer people with the potential for growth and job creation), Local Enterprise Offices can also offer three types of financial supports to help manage Brexit responses:
- Priming Grants*
- Business Expansion Grants*
- Feasibility Study Grants*
*Further eligibility criteria apply.
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Microfinance Loans (through Microfinance Ireland)
Local Enterprise Offices can work with clients on their applications to Microfinance Ireland (MFI) for small business loans of between €2,000 and €25,000 (unsecured). Loans for commercially viable proposals can be used to help fund start-up costs, working capital or business expansion. By applying for an MFI small business loan through a Local Enterprise Office, clients can avail of a 1% reduction in the interest rate charged.
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INNOVATION SUPPORTS
Agile Innovation Fund
The Agile Innovation Fund has been developed by Enterprise Ireland to support product, service and process innovation to build competitive advantage. The key benefit of this support is that it allows for a simple application process and delivers a faster response time from application to approval.
The new Agile Innovation Fund is also open to eligible Local Enterprise Office clients and it allows companies to access up to 50% in support towards innovation projects with a total cost of up to €300,000.
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Innovation Vouchers
The innovation vouchers scheme, which is open to small and medium sized companies registered in the Republic of Ireland, are worth €5,000 are available to assist a company or companies to explore a business opportunity or problem with a registered knowledge provider. For more information and eligibility criteria see here -
https://www.enterprise-ireland.com/en/Research-Innovation/Companies/Collaborate-with-companies-research-institutes/Innovation-Voucher.shortcut.html
Innovation Partnership Programme
The Innovation Partnership Programme can provide up to 80% of the cost of research work to develop new and improved products, processes or services, or generate new knowledge and know-how. The company must be a registered client of one of the following state development agencies: Enterprise Ireland, IDA Ireland, Local Enterprise Office, Údarás na Gaeltachta. For more information and eligibility criteria see here -
https://www.enterprise-ireland.com/en/funding-supports/company/esetablish-sme-funding/innovation-partnerships.html
