There are a number of options available:
A source of funding from Enterprise Ireland which can fund up to 80% of the project costs. The IP created in the project will be owned by DIT, but the company will be guaranteed a licence to the technology which is agreed upfront.
A source of funding for small projects which finances a project to a total of €5,000. The company pays only the VAT on the project (€1,150) and any IP created during the project is owned by the company.
The aim of the Commercialisation Fund Programme is to improve the competitiveness of the Irish economy through the creation of technology based startup companies and the transfer of innovations developed in the Dublin Institute of Technology.
The company can pay for the total cost of the project (direct staff costs, materials, overheads, etc) with all the IP developed during the project typically being owned by the company and any background IP required will be licensed to the company.
European-funded support which can come in many streams. Typically it involves a number of partners (both companies and academic institutions) from throughout Europe. Projects will usually be large scale and some funding is required from the company.