R&D funding up to £50,000+ for a new product idea or process that could help grow your business.
This support is available to Invest Northern Ireland customers. If your business can show that it intends to sell outside Northern Ireland, is actively pursuing growth plans and will contribute to increasing productivity and innovation in Northern Ireland, you could become a customer with Invest NI.
The criteria for Invest NI customers is as follows:
- actual turnover >= £250,000
- actual external sales >= 25 per cent or £250,000 per annum
- growth potential
Growth potential is defined by Invest NI as:
- potential employment growth >= 20 per cent or >= 20 jobs within three years; or
- potential external sales growth >=20 per cent or >= £500,000 within three years; or
- potential increase in GVA / employee >= 20 per cent within three years
Funding can be used to:
- Investigate or plan your idea
- Make and test a prototype
- Experiment and refine your design
- Cover intellectual property costs
- Product or process development or improvements