Building Your Business
Northern Ireland-based Micro-enterprises can avail of Grants through Invest Northern Ireland

30 June 2013

The Invest Growth Proof of Concept Fund is a £5 million grant fund provided by Invest Northern Ireland and administered by E-Synergy as one of the Northern Ireland Spin Out (NISPO) funds.

 

The Fund, available to individuals, start-ups, micro-enterprises and SMEs in Northern Ireland, has been established to test the commercial potential and support the pre-commercialisation of new product concepts and ideas deriving from research.

 

The Fund had an initial allocation of £3 million, allocated over three years. However due to the high demand and success of the Fund, an additional £2 million has now been provided. This additional money will be fully committed by March 2014.

There are two levels of grant award:

  • Mini Grants - up to £10,000
  • Standard Grants - up to £40,000.

Eligible applicants must be based in Northern Ireland and can include:

  • Individuals
  • Start-up companies
  • Micro-enterprises (up to 10 employees).
  • SMEs (up to 249 employees).

Applications for Standard Grants will be assessed three times per year by the Fund Assessment Panel. The next deadline for Standard Grants is 5pm on 23 July 2013. There are no reported deadlines for Mini Grants which are awarded to ed candidates who have applied in writing.

 

More information and contact details can be found on the NISPO website

  • Cavan
  • Louth
  • Meath
  • Monaghon