Top Menu

Vouched funding for R&D

Here’s some funding availability that’s been highlighted in the forums. If you own or manage a small limited company with a company registration number and you have a business opportunity or problem that you want to explore, why not apply for an Innovation Voucher worth €5,000? The objective of the Innovation Voucher initiative is to build links between Ireland’s public knowledge providers and small businesses and create a cultural shift in the small business community’s approach to innovation.

Any kind of innovation

  1. new product / process development
  2. new business model development
  3. new service delivery and customer interface
  4. new service development
  5. tailored training in innovation management
  6. innovation / technology audit

Knowledge of:

  1. efficiency audits, process change
  2. supply chain management and logistics
  3. Product and service testing and economic impact assessment
  4. Vouchers can be exchanged for knowledge transfer projects from the knowledge provider

For the purposes of this initiative, a knowledge transfer project is defined as one that transfers knowledge of a scientific, technological or innovative nature that it is new to the small enterprise. The small enterprise may then use the new knowledge to innovate a product, process or service.

Ineligible activities

The Innovation Voucher may not be used to cover the costs of:

  1. achieving compliance with statutory regulations or legislation
  2. standard training courses
  3. software purchases and software development
  4. aid that would promote/subsidise the cost of exports
  5. internships for students of knowledge institutions
  6. design and production of advertising material
  7. sales activities
  8. business plans and economic appraisals
  9. standard website development and online optimisation
  10. activities such as market research and market surveys that may be readily provided by the private sector
  11. activities supported by the mainstream funding mechanisms available from other Development Agencies such as the County Enterprise Board’s

Applications open up again on October 1st, so now’s the time to start acquainting yourself about this scheme and accessing it.