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Funding for innovation and R&D – Invest NI Date: 28 February 2014

We’ve a range of financial support to help you create new products, processes and services.

Innovation Vouchers

An Innovation Voucher offers you £4000 to ‘purchase’ specialist knowledge from one of 39 respected universities, colleges and research organisations throughout Northern Ireland and the Republic of Ireland. This knowledge can help you to expand, improve or create new products, services and processes.

New to R&D

If you have not previously carried out any R&D, have an idea for a new product or process that could help grow your business, and meet certain eligibility criteria, we can give you up to £50,000 to:

  • Investigate or plan your idea.
  • Make and test a prototype.
  • Experiment and refine your design.
  • Handle intellectual property costs.
  • Follow–on R&D

    For businesses that have some experience of R&D we can provide funding to help with:

  • Scoping, defining and planning an R&D project.
  • Research or critical investigation aimed at producing new scientific or technical knowledge.
  • Product or process development or improvements.
  • Exceptional development of leading edge technology.
  • Contracted research.
  • Linking to a college or university to carry out specific projects.
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    Read more…