SME’S can now avail of a maximum of four Innovation Vouchers

The Enterprise Ireland Innovation Voucher Scheme has now been extended, with an additional voucher available, increasing the total number of vouchers available to Irish companies to a maximum of four, worth €20,000 in R&D activities, with an approved knowledge provider.

The Innovation Voucher scheme run by Enterprise Ireland could provide you with a pathway to solving innovation problems. Innovation Vouchers worth €5,000 are available to assist a company to explore a business opportunity, problem or solution with a registered knowledge provider. 

SMEs throughout Ireland now have the opportunity to apply for up to a maximum of four Innovation Vouchers, one of which must be a 50-50 co-funded voucher. Applications are open on a continuous call throughout the year via the Enterprise Ireland Online Application System.  

There are two types of voucher available. A fully funded €5,000 standard voucher and the 50-50 co-funded Fast Track voucher (to a maximum value of €10,000). You can get more information on each voucher here.  A company may only have one ‘active’ voucher at any point in time. 

The Innovation Vouchers scheme 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. Vouchers are valid for 12 months from the date of issue. 

Please note: Innovation Vouchers are subject to VAT. You will be invoiced for the VAT by the knowledge provider and this cost must be settled separately by the company. 

More information on the Innovation Voucher scheme can be found here