Innovation Boost
Summary:
Previously known as Fusion, Innovation Boost can provide that support by helping to fund a high calibre science, engineering or technology graduate and partnering you with a third level institution with specific expertise
Eligibility criteria:
To qualify for financial support through Innovation Boost, your business must be:
- A small or medium-sized enterprise (SME) with 5 – 249 full time employees.
- An SME which is a manufacturing or tradable services company, located on the island of Ireland (North or South).
- Financially viable.
- 2 year trading history.
- Understanding of and capacity for innovation.
- An SME indigenous to the island of Ireland.
- An SME which is able to demonstrate the need for Innovation Boost technical support.
- An SME which is able to demonstrate the capacity and commitment to support an Innovation Boost project at senior management level.
Additional information:
- On average, each company taking part in Innovation Boost benefits from over £1 million worth of sales or efficiency savings in the three years following the project
- Develop or improve products, processes or services
- Streamline business processes to increase efficiency and performance
- Develop and implement new technologies, systems or processes
- Improve capabilities in innovation, design and technology
- Reduce costs
- Increase sales
The funding available is:
- 18 month support package - worth up to £56,000/€67,900 typically in the area of new product/service development or
- 12 month support project - worth £39,000/€47,400 typically in the area of process improvement
Support organisation:
- InterTradeIreland
Phone:
028 3083 4189
Find out more:
Innovation Boost
Search for other business support: