20120502 Building a Business from your Ideas

185 views

Published on

Enterprise Ireland's Building a Business on your ideas presentation

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
185
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

20120502 Building a Business from your Ideas

  1. 1. Building a Business on your ideas
  2. 2. R&D Advocates Programme specialist R&D advice and consultancy – shared costs 3 days offered Innovation vouchers to investigate new technology opportunity (3rd level institute or knowledge centre) €5k voucher Innovation Partnerships Co-funding of company-specific R&D in Irish colleges or institutes €200k contribution Strategic Consultancy help formulate effective R&D and design strategies to underpin business development On request Feasibility Study establish the commercial & technical feasibility of new products, processes and services On request R&D Fund To develop new or improved products, processes and services €650k grant R&D Fund Small Projects As for R&D Fund above, but small projects for small companies & new R&D performers €150k max project cost Summary of EI R&D Offer
  3. 3. • Target audience clients with limited interaction with EI • Advocates Programme – commenced 2009 • 18 Advocates – Consultants not EI staff • Initial contact by phone and then company visit • Up to 3 days consultancy available with EI sharing the costs. – Advocates Programme Manager - Cathy Courtney • cathy.courtney@enterprise-ireland.com • 066 7149370 Advocates Programme
  4. 4. Small Company Medium Co. Large Co. Type of Funding Grant Maximum Grant €650k Innovative Projects that are technically challenging & involve significant risk 45% 35% 25% Bonus where there is collaboration between 2 or more companies 15% 15% 15% Max Funding Rate 50% 50% 40% R & D Fund
  5. 5. • All manufacturing and Internationally traded services companies • Existing & Potential clients of: – Enterprise Ireland – Udaras na Gaeltachta – City & County Enterprise Boards - CEBs (Small Projects only) • More Information – www.enterprise-ireland.com/R&D • Maura Shields – maura.shields@enterprise-ireland.com – 01 7272224 R & D Fund Eligibility
  6. 6. • Materials/Equipment – all materials and equipment associated with the R & D project • Salaries – Researchers, Technicians & General staff • Overheads - 30% of Salary expenditure • Subcontracted Work • External Consultancy fees • Patent Costs limited to 20% • Technology Acquisition – limited to 50% • Loan of qualified personnel (SME’s Only) R&D Fund Eligible Costs
  7. 7. • Applications are invited through a public call on last working day of each month. • Applications should be submitted to csurd@enterprise-ireland.com • 8 weeks between the closing date for applications & committee meetings • Committee made up of private sector, universities & agency representatives R&D Fund - How it operates
  8. 8. • Designed for SMEs who have not been active in R&D with Enterprise Ireland. • Open to CEB client companies • Not generally for large companies • Anticipated project spend must be < €150 k • Process – Non-competitive – Shortened application and assessment – Approved by 3-person EI committee – Ratified by R&D fund committee R&D Fund Small Projects
  9. 9. • EnterpriseSTART – Introduction workshop - understand and evaluate entrepreneurship - what it involves - the right choice for you? • EnterpriseSTART 2 – Feasibility Ready? Assess readiness for feasibility study - gather the information - decide on viability as a HPSU. – Advice for developing investor-ready business plans – Advisory support includes: – A development programme that helps you build an investor-ready business plan. – Access advice, guidance, training and business mentoring tailored towards helping you to develop a commercially aware business plan. – Help and guidance on raising finance. New Enterprise Supports
  10. 10. • HPSU feasibility grant - 50% of eligible expenditures. To a maximum grant of €15,000. • Innovative HPSU Fund for companies - approx 15% of total operating costs must relate to R&D • Supports subject to start-up being accepted by Enterprise Ireland Start-up Team • HPSUs assigned a Development Advisor and possibly: – Business Accelerator – iGAP – First Flight Programme – Excel at Export Selling – Mentor Grant High Potential Start Ups (HPSU)

×