Feasibility/Innovation Grants are designed to assist the promoter with researching market demand for a product or service and examining it’s sustainability. It includes assistance with innovation including specific consultancy requirements, hiring of expertise from third level colleges, private specialists, design, patent costs, and prototype development.
Feasibility Study Grant Explained
The maximum Feasibility payable must not exceed 50% of the investment or €15,000 whichever is the lesser
Expenditure may be considered to eligible businesses 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.
- 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, 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)
For eligibility of Feasibility Study please view Eligibility Criteria