What is the Innovation vouchers?
The Innovation Voucher Programme was developed to build links between Ireland’s publicly funded Knowledge Providers (i.e. higher education institutes, public research bodies) and small and medium-sized businesses. Innovation Vouchers worth €5,000 are available to assist a company or companies to explore a business opportunity or problem with a registered knowledge provider.
The Innovation Vouchers initiative is open to all small and medium-sized limited companies registered in Ireland. While the scheme is administered by Enterprise Ireland, applications are not restricted to clients of Enterprise Ireland.
Innovation Vouchers can be used for any kind of innovation such as:
- new product/process development;
- new business model development;
- new service delivery and customer interface;
- new service development;
- tailored training in innovation management;
- innovation/technology audit.
Vouchers can be exchanged for knowledge transfer projects from the knowledge provider.
Available Voucher Types
- Standard Voucher: Standard €5k vouchers are available to assist a company explore a business opportunity or problem with a registered knowledge provider. You do not need to identify your knowledge provider in advance and they are valid for 12 months from the date of issue. Voucher applications are accepted at anytime throughout the year.
- Co-funded Fast Track Application: The value of the voucher is €5,000 and the company contributes 50% of the project costs in cash. Therefore, a company may use a Fast Track voucher to cover project costs up to €10,000 on a 50-50 co-funded basis. The company and the knowledge provider jointly agree on the work programme for the project in advance of submitting an application. Companies may wish to use this option when they are no longer eligible for a standard voucher (may have used two or more standard vouchers) or where time to market is critical and the schedule for the standard call is not suitable. This voucher application can be submitted at any time and a response may be expected within four weeks.
