Feasibility/Innovation Grants are designed to assist the promoter with researching market demand for a product or service and examining its sustainability.
Expenditure may be considered under the following headings:
- Innovation Costs. E.g Prototype development, research costs, patent costs.
- Own Labour Research. Costs under this category may include own labour involved in carrying out research/prototype development. The maximum amount chargeable under this category is € 400 per week subject to the overall maximum under this category not exceeding 20% of the overall grant drawdown.
- Consultancy Costs. These include design fees, and other consultancy fees.
- Miscellaneous Costs. This may include telephone costs, mileage costs and travel costs. The overall maximum drawdown in this category should not exceed 20% of the overall grant level.
The maximum Feasibility Grant payable must not exceed 50% of the investment up to a maximum amount of €15,000 excluding VAT.
How Do I Apply?
If you are interested in applying for a Feasibility Study Grant you should firstly check the criteria for assistance to see if your business qualifies for funding (if you are unsure please contact us). Applications are considered on a case by case basis. Before submitting an application, you will need to complete a Grant Expression of Interest Application so we can assess your needs. A member of our staff will be in contact with you to discuss the next steps.
Click here to complete Grant Expression of Interest Application.
