Funding - 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 for the South and East Regionmust not exceed 50% of the investment or €20,000 whichever is the lesser.The maximum Feasibility / Innovation Grant payable for the BMW Region must not exceed 60% of the investment or €20,000 whichever is the lesser. Expenditure maybe consideredunderthe following headings:

• Innovation Costs. Costs under this category may include prototype development, innovative design, research costs, patent costs, and third level college consultancy.
• OwnLabour 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, architect, accountant and legal fees.
• Miscellaneous Costs. This may include telephone costs, mileage costs at €0.26 per kilometre, subsistence
  & overnight costs, air travel etc. The overall maximum drawdown in this category should not exceed 20%
  of the overall grant level. (Note paymentsto state bodiesincluding local authorities are excluded)

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