Frequently Asked Questions
Why join IRDG?
IRDG provides information, guidance and assistance to members on relevant research, development and innovation (RD&I) issues, especially on accessing funds from Irish and EU programmes. We distribute information to our member by emails, company visits, phone calls, IRDG Seminars and Workshops.
What funding is available?
Government funding of €110 million per annum has been allocated for company Research, Development and Innovation through the Science, Technology and Innovation strategic.
IRDG has been successful in generating R&D funds of between €150 million to €200 million for its members over the years.
How can your company fund RD&I (Research, Development & Innovation)?
Firstly Government funding is available for research, development and innovation projects through the Industrial Development Authority, Enterprise Ireland and Shannon Development. Grants vary from 25% to 45% depending on company size.
The second way to fund RD&I is through the R&D Tax Credit Scheme. 20% of the eligible incremental RD&I spend from the 2003 base-year can be deducted from the company's corporation profits tax. If the RD&I is grant-aided simply reduce the eligible spend by that amount and the balance is eligible for the tax credit.
The third way the Government encourages RD&I spend is to make use of the patent royalty scheme. This involves tax-free distribution of funds to individuals involved in patent activity or to shareholders in a patent company.
What is eligible?
- Product and process research, development and innovation.
- Labour
- Overhead on labour
- Capital
- Buildings
- Travel
- Material
- External consultancy etc
For more information download 'Summary R&D Funding Document' on this website.
