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How to Apply for Invest Northern Ireland Grants: R&D, Export, and Innovation Funding

How to Apply for Research and Development Grants from Invest Northern Ireland?

 

Research and Development (R&D) grants are available to support innovative projects. To apply, follow these steps:

  1. Identify the Project: Define the scope and objectives of your R&D project.
  2. Prepare a Proposal: Develop a detailed project plan, including objectives, methodology, and expected outcomes.
  3. Submit an Application: Complete the R&D grant application form available on the Invest NI website.
  4. Review and Approval: Invest NI will review the application, and if approved, funds will be allocated to support the project.

Example: David’s biotech firm received an R&D grant to develop a new diagnostic tool. The funding allowed him to conduct necessary research and bring the product to market.

 

How to Apply for Export Development Grants from Invest Northern Ireland?

 

Export development grants help businesses enter and expand in international markets. The application process includes:

  1. Market Research: Conduct research to identify target export markets.
  2. Develop an Export Plan: Outline your export strategy, including market entry methods and marketing activities.
  3. Complete the Application: Fill out the export development grant application form, providing details of your plan.
  4. Submit and Await Decision: Submit the application to Invest NI for review and approval.

Example: Rachel’s food processing company used an export development grant to enter the European market, funding trade show participation and marketing campaigns that led to new international clients.

 

How to Apply for Innovation Vouchers from Invest Northern Ireland?

 

Innovation vouchers provide funding to collaborate with knowledge providers on innovative projects. The process is as follows:

  1. Identify a Knowledge Provider: Partner with a university, college, or research organization.
  2. Define the Project: Develop a project plan that outlines the innovative work to be done.
  3. Apply for the Voucher: Submit an application for the innovation voucher through Invest NI’s portal.
  4. Implement the Project: Use the voucher to fund the collaboration and complete the project.

Example: Kevin’s software company partnered with a local university to develop a new AI algorithm using an innovation voucher. The collaboration resulted in a cutting-edge product that boosted sales.

 

What is the Access to Finance Scheme?

 

The Access to Finance Scheme provides various funding options to support business growth, including:

  • Growth Loan Fund: Loans for growth projects and expansion.
  • Development Funds: Equity investments for early-stage and high-growth companies.
  • Mezzanine Finance: A hybrid of debt and equity financing for scaling businesses.

Example: Laura’s renewable energy startup secured a growth loan to expand her solar panel manufacturing facility, enabling her to meet increasing demand and scale operations.