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Summary  Rates of assistance  Category of R&D  Company size  Collaboration  Eligible Costs  Project definition & “New to R&D”  Boosting Business.

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Presentation on theme: "Summary  Rates of assistance  Category of R&D  Company size  Collaboration  Eligible Costs  Project definition & “New to R&D”  Boosting Business."— Presentation transcript:

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

3 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

4 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

5 Project Definition Maximum Rates of Assistance Maximum support £50k SME’sLarge Business Experimental Development50%40% Industrial Research75%65%

6 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

7 Grant for R&D – Experimental Development Typical Rates of Support Company Size SmallMediumLarge Experimental Development 40%35%20% Collaborative bonus (+15%) 55%50%35%

8 Grant for R&D – Industrial Research Typical Rates of Support Company Size SmallMediumLarge Industrial Research 55%45%30% Collaborative bonus 70%60%45%

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

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

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

12 Designed to help your Business defy the downturn

13 Boosting R&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.

14 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

15 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

16 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 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

17 How to apply Company completes application form – available at 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

18 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

19 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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