Feasibility study funding is only given towards the development of new and innovative product prototypes not already in the market place. 

The LEO will consider applications for feasibility study grants towards the development of innovative product / service ideas not already in the marketplace, where the promoter has already conducted extensive market research into the idea, but assistance is required to move the concept nearer to market readiness, and work is required to further develop the product / service prototype or delivery and it is expected that it will be market ready in less than 12 months.  Financial support will not be available for R&D type projects.

The grant can provide assistance with costs such as innovation including specific consultancy requirements, hiring of expertise from third level colleges, private specialists, design, patent costs and prototype development. Financial support will not be available for R&D or pure market research type projects. We would refer you to innovation vouchers at this stage of development (available only to registered limited companies) who wish to get third level institutions to undertake research work for them. For more information on please visit www.innovationvoucher.ie

The maximum Feasibility Study Grant payable for the BMW Region shall be 60% of the investment or €15,000 whichever is the lesser. 

Expenditure may be considered under the following headings:

• Consultancy Fees: to include design fees, architect, and legal fees.
• Technical Development/Prototype/Innovation Costs: to cover prototype development, innovative design, research costs and third-level consultancy costs.
• Market Research: costs incurred to validate the business proposition.
• Miscellaneous Costs: This category must not represent more than 20% of the overall cost of the Feasibility/Innovation Grant

How do I apply for the grant?

If you want to apply for a Feasibility Study Grant, you need to contact your Local Enterprise Office. They will assess your eligibility. When applying for this grant, you should show that:

• you have done enough preliminary research to suggest that a full feasibility study is worthwhile; and
• there is a reasonable possibility that any business idea arising from the study would have real job creation potential.

You are strongly advised to contact the LEO Laois office before applying so that we can assess your eligibility.