Get Ready For R&D

Get R&D Ready

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Our Get R&D Ready tool will help you to identify where you are with your research and development (R&D), and find the right support to bring your product or service to market. The tool is aimed at all businesses in Northern Ireland.

There will be a maximum of 8 questions which will take around 5 minutes to complete after which we will email you your personalised report. This report will give you advice on the key stages of R&D, and identify the support and funding streams available to your business. Be realistic in your answers. Please do not use your browser ‘back’ button to return to or edit a previous page as you will be brought back to the start of the tool, and your answers will not be saved.

Whether you are a small or large business, R&D can help you to increase sales and profit. And this is a great time to get into R&D as there are significant funds available to help finance projects.

R&D is not complicated. It is just the process of developing new or better products and services, which is important for business success.

So, let's get started.

Go to Question 1

Do you have a business in Northern Ireland?
In order to access the support available for R&D projects, you need to have a business located in Northern Ireland. If you have not yet set up your business, we can provide you with information on how to do so and how you can use R&D to develop products and services, once your business is up and running.
Yes
No
Next
Would you like to:
I would like to improve existing products or services.
I would like to develop new products or services.
I would like to develop new and improve my existing products and services.
None of the above.
Next
Based on your research, is your product or service different from your competition?
Is there demand for your product or service? Is it unique, distinct or superior to your competition? Can you identify potential customers? Will they be prepared to pay for your product or service at the price you have set? You need to know the answers to these questions because innovative new products and services are more likely to result in a viable R&D project.
My product or service is quite different from my competition.
My product or service may not be different enough and I need to do more research.
I don’t know because I have not done any research.
Next
Have you identified a market for your product or service?
Knowing which markets you can sell your product or service to will help you to develop your product and service more effectively. The more information you have, the better you will be able to understand your potential customers, the marketplace and how your product or service fits in. Also, selling to markets outside of Northern Ireland increases the range of support your business will be able to access.
Yes, my market is both inside and outside of Northern Ireland.
Yes, my market is inside Northern Ireland.
Yes, my market is outside Northern Ireland.
No, I have not yet identified my target market.
Next
Which elements of your R&D project have you completed? Please tick all that apply.
Market Research.
Market research can help you identify if there are enough customers for your product or service, and understand who the competition is.
Customer needs analysis.
The success of your product or service is dependent on its ability to address the needs of your customers. This is important element of the development process.
Product definition.
To launch your product or service, you need a sound concept, design specifications, a target market and price points.
Proof of concept.
Testing your product or service idea in order to develop it more fully and prove it has commercial potential, is an important element of the development process.
Pricing.
It is important to have a pricing policy and consider the cost of all the materials, other inputs, machinery, processes and administrative time realistically.
Prototype.
Creating a working prototype or pilot service which can be tested before launching to market is an important element of your R&D project.
Marketing plan.
You need to develop a marketing strategy setting out clear objectives, decide which customers to target, and how to reach them and win their business.
Product testing.
Before finalising your idea, it is important that you test your product and modify according to feedback from your customers, suppliers or manufacturer.
I have completed all of the above.
I have completed none of the above.
Next
Is the cost of your R&D project at least £15,000?
Invest NI is the economic development agency for Northern Ireland and can offer your business a range of funding mechanisms for R&D. To qualify for this support, the cost of your R&D project must be a minimum of £15,000.
Yes
No
Not sure
Next
Can you fund at least 50% of the total cost of your R&D project?
Invest NI is the economic development agency for Northern Ireland and can offer your business a range of funding mechanisms for R&D. To qualify for this support, you must be able to fund at least 50% of the total cost of your R&D project. Note that R&D projects can typically last between 6 and 36 months.
Yes, I can fund at least 50% of the total cost of my R&D project.
No, I can’t fund at least 50% of the total cost of my R&D project, but I would like more information on the sources of funding.
Next
As the economic development agency for Northern Ireland, Invest NI can help you develop new products and services, access practical support and discover the best funding streams available. Based on your responses, you may qualify for additional support for your R&D project, providing you meet certain criteria, such as your current volume of sales outside of Northern Ireland.
Would you like Invest NI to contact you to discuss your R&D project?
No, I would just like my personalised report emailed to me.
Yes, I would like my personalised report emailed to me and for a member of Invest NI’s Business Support Team to contact me.
Next
Please enter your details below and we will email you your personalised report.
* denotes a mandatory field.
Please tick the box if you are happy to receive information from nibusinessinfo.co.uk about products and services that could help you start or grow your business.