INNOVATION VOUCHERS

Enterprise Ireland’s Innovation Voucher initiative was developed to build links between Ireland’s public knowledge providers (i.e. higher education institutes, public research bodies) and small businesses.

Innovation Vouchers can be used for any kind of innovation such as:

  • new product / process development;
  • new business model development;
  • new service delivery and customer interface;
  • new service development;
  • tailored training in innovation management;
  • innovation / technology audit.

Knowledge of:

  • efficiency audits, process change;
  • supply chain management and logistics;
  • product and service testing and economic impact assessment.

Vouchers can be exchanged for knowledge transfer projects from the knowledge provider.

ELIGIBILITY: The Innovation Vouchers initiative is open to all small (limited registered) companies (less than 50 employees) in Ireland. For the purposes of this initiative, a knowledge transfer project is defined as one that transfers knowledge of a scientific, technological or innovative nature that it is new to the small enterprise. The small enterprise may then use the new knowledge to innovate a product, process or service.

Vouchers will also be accepted by registered knowledge providers in Northern Ireland as part of Enterprise Ireland’s arrangement with Invest Northern Ireland.

FUNDING: 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.  Companies may pool a voucher with up to ten other companies to create a larger fund to a maximum of €50,000 (10 vouchers x €5,000) to address an issue of common concern.