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Summary

Summary. Rates of assistance Category of R&D Company size Collaboration Eligible Costs Project definition & “New to R&D ” Boosting Business Innovation Vouchers TDI. Grant for R&D. Funding for Invest NI clients and potential clients Support for technically risky projects

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Summary

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  1. Summary • Rates of assistance • Category of R&D • Company size • Collaboration • Eligible Costs • Project definition & “New to R&D” • Boosting Business • Innovation Vouchers • TDI

  2. Grant for R&D • Funding for Invest NI clients and potential clients • Support for technically risky projects • Ideas must be exploitable • Support for future work - not retrospective • Needs match funding • Discretionary - subject to Invest NI decision

  3. Categories Supported Project Definition - Awards up to £50k New to R&D - Awards up to £70k R&D Projects - Awards up to £250k - Awards greater than £250k

  4. Project Definition Maximum Rates of Assistance Maximum support £50k

  5. New to R&D • To stimulate the creation of new, innovative businesses and to help existing small businesses embark on an R&D project for the first time • Less than 50 employees • No IRTD contact (last 5 years) • Open to non INI clients & individuals (with potential to export) • Up to 75% support limited to £70,000

  6. Grant for R&D – Experimental Development Typical Rates of Support

  7. Grant for R&D – Industrial Research Typical Rates of Support

  8. Grant for R&D – Eligible Costs • Salaries • Consultancy • Sub-contracting • Equipment Depreciation • Trials & Testing • Intellectual Property • Other: • - Materials • - Travel & Subsistence • - Miscellaneous

  9. Invest NI’s Principles of Intervention • Additionality • Mobility • Displacement • Viability • Risk • Economic Efficiency • (Regional & wider economic benefits)

  10. Aspects of Successful Applications • Project • Level of Innovation • Technical Risk and R&D Challenge • Potential to create IPR • Exploitation Potential • Company & Economic Benefits • Company / Applicant • Management Ability & Staff Expertise • Additionality • Viability • Track Record

  11. Designed to help your Business defy the downturn

  12. BoostingR&D in SMEs • New to R&D – Small companies only • Up to 75% grant assistance • Max £50k* • Existing R&D Clients – Small and Medium companies • Up to 45% • Max £50k • Mainstream Grant for R&D will continue to cater for Large companies and for SMEs with projects over £50k.

  13. Boosting R&D in SMEs – What’s New? • Streamlined Process - simplified application and appraisal routes • Faster turnaround times • Mainstream Grant for R&D applications will continue to be processed on an ongoing basis in line with existing application /appraisal/ approval procedures

  14. Innovation Vouchers • £4000 voucher to encourage SMEs* to engage with a Knowledge Provider to develop an innovative solution to a business issue • Companies can apply for up to 3 vouchers for different projects but may only have 1 ‘live’ voucher at a time. Incentive in place to encourage use of different Knowledge Providers • Pooled voucher option for collaborative projects (up to 10 companies) *Transport and Agriculture excluded Medium-sized companies in receipt of Invest NI Grant for R&D in past 5 years excluded

  15. Knowledge Providers • 41 public sector Knowledge Providers throughout Northern Ireland and the Republic of Ireland • Universities, Colleges, Institutes of Technology and other research bodies, e.g. Agri-Food & Biosciences Institute • Full list of Knowledge Providers and initial point of contact for innovation vouchers at www.innovationvouchers.com • The company chooses which Knowledge Provider to use • Knowledge Provider draws up terms of reference for the project - to be agreed by company and Invest NI prior to work commencing

  16. How to apply • Company completes application form – available at www.innovationvouchers.com • Straightforward application process- Company Profile- Issue/problem to be solved- Skills required to address the issue- Outputs for the company as a result of the project • Next calls – October 2012 and February 2013

  17. TDI - What is it? • Investigating new technologies or processes • Product & process problem resolution • Product approval & compliance • Process & quality management scheme • Intellectual Property • Improved product design & performance

  18. Support Levels Projects: £1,000 – £ 15,000 Rate: Normally 50% Cap: £5,000 Company Size: <250 employees For product type approval/certification involving a significant export dimension, project costs up to £25,000 will be considered with a maximum grant of £10,000 available.

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