Company to Company Innovation – If your business has an innovative idea with strong commercial potential and has found – or is searching for – a strategic partner to make it happen, this programme may be of benefit.
InterTrade Ireland is looking for ambitious businesses across the island to collaborate and form a strategic innovation partnership with another company – to get great products, services or processes off the ground.
ACTIVITIES: Through Innova, we have released over €5m in funding to North/South company partnerships to date. Typical benefits of the programme for your business include:
- development of new or improved innovative products, processes or services;
- increased rate of commercialisation;
- sharing otherwise inaccessible knowledge, technology and expertise;
- access to complimentary expertise, networks and channels to market from your innovation business partner.
ELIGIBILITY: Ideally, you should have identified a suitable innovation partner to work on the project from the other jurisdiction. If not don’t worry as Innova can help with this.
Your project should have clear demonstrable benefits to you and your partner and represent a fundamental part of your strategic business plans.
Applicants are particularly welcome from the following sectors: life and health sciences, polymers and plastics, environmental, agri-food, ICT and engineering.
Your proposal must be able to demonstrate strong commercial potential.
FUNDING: You can claim up to £250,000/€285,000 per partnership to cover staff, equipment, consultancy and operating costs of the innovation project. Please note your partner must be based in the other jurisdiction.