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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 SME’s Large Business Experimental Development 50% 40% Industrial Research 75% 65% Maximum support £50k 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 Small Medium Large Experimental Development 40% 35% 20% Collaborative bonus (+15%) 55% 50% 35% Grant for R&D – Industrial Research Typical Rates of Support Company Size Small Medium Large Industrial Research 55% 45% 30% Collaborative bonus 70% 60% 45% Grant for R&D – Eligible Costs Salaries Consultancy Sub-contracting Equipment Depreciation Trials & Testing Intellectual Property Other: - Materials - Travel & Subsistence - Miscellaneous Invest NI’s Principles of Intervention Additionality Mobility Displacement Viability Risk Economic Efficiency (Regional & wider economic benefits) Aspects of Successful Applications Project Level of Innovation Technical Risk and R&D Challenge Potential to create IPR Exploitation Potential Company & Economic Benefits 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.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.