Feasibility/Innovation Grants

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.

The maximum Feasibility/Innovation Grant payable must not exceed 50% of the investment of €20,000, whichiver is the lesser. 

Expenditure may be considered 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.
• Own Labour Research.  Costs under this category may include own labour involved in carryin out research/prototype development.  The maximum amount chargeable under this category is €400 per week subject to the oveall maximum under this category not exceeding 20% of the overall grant.
• Consultancy Costs. These include design fees, architect, accountant and legel fees.
• Miscellaneous Costs.  This may include telephone costs, mileage costs at €0.26 per kilometre, subsistence and 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)

If you are researching a product or service idea then contact us to see if you are eligible for a Feasibility/Innovation Grant.