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R&D Fund (Enterprise Ireland)

02 March 2014
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The R&D Fund exists to support projects which have the potential to develop novel products and services with a clear competitive advantage in their target market. This will enable companies to increase employment through sustainable and substantially increased sales.

The R&D Fund will help companies to achieve the following:

  • A demonstrable connection between R&D and the overall business objectives.
  • A culture of innovative thinking throughout the company which aims to harness the creativity of all the staff towards defined business goals.
  • A significant ongoing/established R&D budget.
  • An established R&D team with high level skills.
  • High quality facilities for R&D.
  • Good quality R&D management systems and procedures.

Am I eligible?

You are eligible to apply if your company is an Irish based manufacturing or internationally traded services company which can show adequate cash resources to implement the proposed R&D project. All applications will be subject to a technical and commercial assessment.

What is the maximum funding level?

The maximum R&D grant that a company can receive is €650,000. Companies seeking support in excess of this amount will be evaluated on a case by case basis by the Enterprise Ireland Investment Committee using a similar approach and grant rates as the R&D Committee.

The maximum grant rates for all companies applying to the R&D Fund is up to 50% of the total cost of the project. For more details >>>>> Click here