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 Ideas must be exploitable Support for future work - not retrospective Needs match funding Discretionary - subject to Invest NI decision
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
Project Definition Maximum Rates of Assistance Maximum support £50k SME’sLarge Business Experimental Development50%40% Industrial Research75%65%
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
Grant for R&D – Experimental Development Typical Rates of Support Company Size SmallMediumLarge Experimental Development 40%35%20% Collaborative bonus (+15%) 55%50%35%
Grant for R&D – Industrial Research Typical Rates of Support Company Size SmallMediumLarge Industrial Research 55%45%30% Collaborative bonus 70%60%45%
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
Designed to help your Business defy the downturn
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.
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
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
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.comwww.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
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
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
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.