New Enterprise Ireland fund offers up to €150,000 for R&D projects

Companies can apply for funding for projects with total cost of up to €300,000

Enterprise Ireland chief executive Julie Sinnamon: “Enterprise Ireland has designed and tailored this new fund to precisely meet the needs of Irish companies.” Photograph: Dara Mac Dónaill

Enterprise Ireland chief executive Julie Sinnamon: “Enterprise Ireland has designed and tailored this new fund to precisely meet the needs of Irish companies.” Photograph: Dara Mac Dónaill

 

Enterprise Ireland has launched a fund that offers companies access to funds up to €150,000 for research and development (R&D) projects in a fast-track application process.

The ‘agile innovation fund’ will allow companies access up to 50 per cent in support for a product, process or service development with a total cost of up to €300,000.

“The new fund is designed to help companies develop new products, processes and services for new market opportunities, enabling exporters to respond quickly and maximise export performance,” a statement from the state body said.

Julie Sinnamon, enterprise Ireland chief executive, said in the context of Brexit, innovation in Irish companies will prove to be a key driver of growth.

“Enterprise Ireland has designed and tailored this new fund to precisely meet the needs of Irish companies - substantial financial support for innovation, localisation and product development, a streamlined online application and a fast-track approval process,” she said.