Enterprise Ireland Competitive Feasibility Fund

Contact person 
Terry O'Brien
Institution 
South-East Regional Authority
E-mail 
terry.obrien@southtippcoco.ie
Country 
Ireland
Do you want to share an instrument/policy or a knowledge Transfer practice? 
Innovation instrument(policy)
What are the following keywords/priorities which better fit the instrument/policy?  
Direct support of business R&D (grants and loans)
Indicate the country from which the instrument (or policy) is 
Ireland
What is the title/name of the instrument/policy? 
Enterprise Ireland Competitive Feasibility Fund
Indicate the target group/beneficiaries of the instrument/policy 
New technology based firms/new knowledge intensive service firms
SMEs only
Other
What is the aim/objective? 
To increase employment and job creation To boost innovative start-ups with capacity for export growth and development Enterprise Ireland is responsible for supporting High Potential Start-­Up (HPSU) Companies. HPSUs are start-­up businesses with the potential to develop an innovative product or service for sale on international markets and the potential to create a minimum of 10 jobs and €1m in sales within 3 to 4 years of starting up.
Give an overview of the instrument 
Run by Enterprise Ireland, the Competitive Feasibility Fund, is part of a drive to boost the number of export-oriented businesses that are being set up Aimed at High Potential start-ups, Feasibility funds to assist a new start-up company or individual entrepreneur to investigate the viability of a new significant growth orientated business or proposition are run throughout the year in specific regions i.e. outside of greater Dublin area. In addition competitive feasibility funds for female entrepreneurs are also run under the Female Entrepreneurship initiative.
What is the date of creation of this instrument? 
Sunday, January 1, 2012
Is the instrument/policy still active? 
Active
Identify the main outputs/results (quantitative and qualitative) of the implementation of this instrument 
Eligible Activities Typical elements involved in carrying out a feasibility study include: Market Research Cost Analysis Financial Projections Manufacturing process assessment Plant evaluation and selection Raw material sourcing Prototyping Negotiating with potential joint venture partners or obtaining a manufacturing licence may also be included. NOTE: Studies solely based on market research are not eligible for assistance.
What is the co-financing/maximum rate allowed by the instrument/policy (if appl.)? 
Funding for the Competitive Feasibility Fund is in the form of a grant. The maximum grant available under the Fund is up to 50% of eligible costs up to €25,000.
Is this instrument/policy linked to a KT practice? 
No