14/06/2017

Innovation Vouchers Applications Now Open

Invest NI have announced that businesses can now apply for up to £5,000 worth of Innovation Vouchers.

Innovation Vouchers provide funding to businesses to work with knowledge providers, such as universities, colleges and technical institutes, to create or improve innovative products, services or processes.

There are currently 39 registered knowledge providers in Northern Ireland and the Republic of Ireland. The vouchers allow people to access skills and expertise of these providers for many different kinds of innovation projects.

Businesses can use vouchers to resolve a specific business issue, particularly if they don't have the expertise, technology or facilities to deal with it. Typical projects include:

• ideas for new and improved products, processes and services

• access to specialist expertise on new materials

• tapping into research and scientific expertise.

Applications for Innovation Vouchers will be accepted if:

• a small business with fewer than 50 employees

• a medium-sized business with fewer than 250 employees, provided that the business has not received assistance through Invest NI's R&D programme in the past five years.

Call for applications is open until 3pm on Friday 30 June 2017.

(MH/JP)

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