The ERDF Innovation Actions Grant Scheme (Innovation) seeks to help Small and Medium-sized Enterprises (SMEs) meet today’s business challenges by stimulating innovative processes, products and services.

 

Benefits

The ERDF Innovation Actions Grant Scheme (Innovation) will part-finance:

(1)       Consultancy Services

· Consultancy and services required for implementing Innovation Management Techniques (IMTs);

· Consultancy and services required in relation to process, product and organisational innovation.

(2) Investment Costs in Tangible and Intangible Assets.

 

Projects should be completed within 24 months and must have a minimum value of € 50,000 in eligible costs. 

The applicable percentage of aid is:

· 40% of eligible costs in the case of Medium-sized Enterprises;

· 50% of eligible costs in the case of Small Enterprises;

· 30% of eligible costs in the case of SMEs active in the transport sector.

 

Application Process

This incentive is administered through a competitive call.  Applications will be evaluated and ranked according to preset criteria as defined in the Incentive Guideline.  Once ranked, the top ranking applicants will be offered support through this incentive.

 

Additional Information

SMEs interested in applying for this incentive, should refer to the ERDF Innovation Actions Grant Scheme (Innovation) Incentive Guideline document and the Notes to Applicants from this web page.  The ERDF Innovation Actions Grant Scheme (Innovation)  Incentive Guideline is the official publication governing this incentive.  The document provides details on eligibility, State Aid regulations and the value of aid that may be granted.

 

Kindly address any queries to: info@20millionforindustry.com

SME Development

L.N. 69 of 2008 Enterprise Support Incentives Regulations, 2008