Innovation is at the heart of business growth, but turning ideas into reality requires expertise, planning, and financial support. That’s where Enterprise Ireland’s Exploring Innovation Grant comes in. Designed to help businesses assess new opportunities, develop prototypes, and plan for R&D, this grant is a game-changer for companies looking to innovate.
And with Cozmotec as your consultant and development partner, we’ll guide you through the process—from securing funding to building your prototype and beyond.
Why Consider Innovation?
Many businesses reach a point where they need to innovate to stay competitive, expand their offerings, or solve industry challenges. But innovation comes with risk, financial, technical, and strategic. Before committing significant resources, it’s crucial to ask:
- Is there a market for this idea?
- Can we build a viable product or solution?
- What technology or expertise is required?
- What are the risks and potential returns?
For many companies, these questions remain unanswered due to a lack of resources, expertise, or financial backing. This is where the Exploring Innovation Grant provides a vital stepping stone—giving businesses the ability to test, research, and validate ideas before making significant investments.
What is the Exploring Innovation Grant?
The Exploring Innovation Grant provides funding to help businesses:
- Develop strategic thinking around new technologies.
- Identify potential research partners in third-level institutions.
- Create prototypes to evaluate project feasibility.
- Conduct feasibility studies to assess risks, resources, and return on investment.
- Develop a roadmap for future R&D and innovation funding applications.
Funds can be used for consultancy fees, salary support, prototype development, and materials, making it an ideal opportunity for businesses at the early stages of innovation.
How to Apply for the Exploring Innovation Grant
Applying for the grant may seem complex, but Cozmotec makes the process straightforward. Here’s how you can get started:
- Assess Your Eligibility: The grant is available to Enterprise Ireland clients and businesses looking to explore new technologies and innovations.
- Define Your Innovation Project: Whether it’s a prototype, feasibility study, or research collaboration, you need a clear project goal.
- Partner with Cozmotec: We will help you scope your project, outline costs, and ensure your application meets all necessary criteria.
- Submit Your Application: Enterprise Ireland evaluates applications based on innovation potential, feasibility, and impact.
- Secure Funding and Get Started: Once approved, you can begin your innovation journey with Cozmotec leading the way.
What Can the Grant Be Used For?
This funding is versatile, covering a range of innovation activities, including:
- Consultancy Services: Work with Cozmotec to develop your innovation strategy and feasibility studies.
- Prototype Development: Build a working model of your idea to assess its potential.
- Research & Collaboration: Partner with universities and research institutions.
- Material Costs: Purchase necessary components and software for development.
- Salary Support: Cover essential staff costs during the innovation phase.
By utilizing this funding, businesses can significantly reduce financial risks while accelerating innovation.
Why Choose Cozmotec as Your Innovation Partner?
Cozmotec specializes in helping businesses transform ideas into reality. As experts in tech development and consultancy, we provide end-to-end support, including:
- Expert Guidance: We help you navigate the grant application process and ensure your project aligns with funding criteria.
- Strategic Feasibility Studies: Our in-depth analysis helps businesses evaluate risks, costs, and market potential.
- Prototype Development: From concept to working model, we bring your ideas to life with cutting-edge technology.
- R&D Roadmap: We assist in planning your next steps, including further funding opportunities and scaling strategies.
By choosing Cozmotec, you’re not just securing a consultant, you’re gaining a dedicated innovation partner committed to your success.
Get Started Today!
The Exploring Innovation Grant is an incredible opportunity for businesses to validate ideas, explore new technologies, and reduce the risks associated with R&D.
Don’t miss out. Contact us today to discuss how we can help you apply for the grant and turn your vision into reality!
