THE INNOVATION VOUCHER SCHEME
As a member of the Enterprise Ireland Technology Gateway Network and a registered knowledge provider with Invest NI, the WiSAR Lab can use the Innovation Voucher Scheme to conduct work on belhalf of eligible SMEs and micro-enterprises throughout Ireland. The Innovation Voucher initiative was developed to build links between public knowledge providers (i.e. higher education institutes, public research bodies) and small Irish businesses. A grant of up to €15,000 (£12,500) is available to fund work at a knowledge provider. Innovation Vouchers are available to help with an innovation project, such as developing innovative products, processes, or services; scientific research; identification of new materials or exploring new technologies, you may apply for an Innovation Voucher to access specialist expertise, technology or facilities that might not otherwise be available to you.
Each voucher can be exchanged for advice and expertise from knowledge providers such as the Enterprise Ireland Technology Gateway Network.
The scheme is operated on an all island basis but there are slight differences dependent upon the jurisdiction in which the company is based. The WiSAR Technology Gateway is available to help you with the application process.
ENTERPRISE IRELAND INNOVATION VOUCHERS
Enterprise Ireland Innovation Vouchers worth €5,000 are available to assist a company or companies to explore a business opportunity or problem with a registered knowledge provider.
Am I eligible?
The Innovation Voucher initiative is open to all small and medium-sized limited companies registered with the CRO in Ireland. You do not have to be a client of Enterprise Ireland to apply.
How does it work?
Application are submitted via Enterprise Ireland’s on-line application system which is always open. A maximum of three vouchers are available, one of which must be a 50-50 co-funded Fast Track voucher.
If you are awarded a Voucher, you have 12 months from the date of issue to complete your project with the Knowledge Provider. On completion of your project, you will receive a final report from the Knowledge Provider and you must pay the VAT incurred directly to the Knowledge Provider. Enterprise Ireland will pay the Knowledge Provider when they redeem the voucher up to a maximum of €5,000. Innovation Vouchers are not transferrable and must be used for the project detailed in the approved application form.
You can see the full list of participating knowledge providers, as well as information about the programme and how to apply, on the Enterprise Ireland website.
INVEST NI INNOVATION VOUCHERS
An Innovation Voucher, worth up to £5,000, is available to assist an SME or sole trader access academic skills and expertise from one of the registered Knowledge Providers throughout Northern Ireland and the Republic of Ireland.
Am I eligible?
The Innovation Voucher initiative is open to all small and medium-sized limited companies, sole traders and early stage entrepreneurs. You do not have to be a client of Invest NI to apply. Medium sized businesses (with more than 50 employees) are not eligible for an Innovation Voucher if they have received assistance from Invest NI’s Grant for R&D programme in the last five years.
How does it work?
Applications will only be accepted during an open call for applications that are submitted via Invest NI’s online application system. There are normally 3-4 calls per year. A maximum of three vouchers are available. The first voucher is 100% grant funded (£5,000), the second 80% grant funded (£4,000) and the last 75% grant funded (£3,500).
If you are awarded a Voucher, you have nine months from the date of issue to complete your project with the Knowledge Provider. On completion of your project, you will receive a final report from the Knowledge Provider after which you must pay the balance of the project and the total VAT incurred directly to the Knowledge Provider. Invest NI will pay the Knowledge Provider when they redeem the voucher up to a maximum of £5,000. Innovation Vouchers are not transferrable and must be used for the project detailed in the approved application form.