Agile Innovation Fund

The Agile Innovation Fund supports the development of new or substantially improved products, services or processes, where the total project cost is less than €300,000. It features a streamlined online application form with fast track approval. Projects may range from solving technical challenges (R&D) to innovations in services delivery or business models (Digital Process Innovation).

The fund is open to all companies but is particularly suitable for those who are;

• new to R&D
• operating in short, product life cycles
• undertaking small/short projects

Grant rates range from 25% to 50% and applications can be submitted online anytime. Grant rates dependent on a company size and inclusion of collaboration.

All established, registered, Irish based manufacturing or internationally traded services company that are trading with positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation). Applicants must be able to show adequate cash resources to implement the proposed project. For companies who are not EBITDA positive contact your Business Adviser in the relevant Development Agency.

Eligible projects may involve:

• Development of a new product or service
• Improvements to existing products or services
• Digitalisation or substantial improvements of existing processes or services
• Acquisition of new knowledge and skills
• Prototyping, testing and validation of new or improved products or services
• It does not include routine changes made to existing products or processes

Eligible Costs

• Existing staff costs / New staff costs
• Overheads
• Materials
• Consultancy
• Travel & Subsistence
• Certification and clinical trials