Funding

There are a number of options available:

 

Enterprise Ireland Commercialisation Fund 

The Enterprise Ireland Commercialisation Fund Programme aims to convert the outputs of state funded research into innovative new products, services and companies. The Programme supports researchers in DIT to undertake research that has the potential to result in the commercialisation of new innovations by way of licenses to improve the competitiveness of Irish Industry or through the spin out of new start-up ventures.

 

SFI/EI Technology Innovation Development Award (TIDA) Programme

The TIDA is an SFI programme designed to enable researchers to focus on the initial stages of an applied research project which may have a commercial benefit if further developed. The TIDA programme enables researchers to demonstrate the technical feasibility of an applied research project directed toward the development of a new or innovative technology, product, process or service that has potential for further commercial development. 

 

IRC Enterprise Partnership Scheme (Postdoctoral) 

The aim of the Irish Research Council Enterprise Partnership Scheme Postdoctoral Fellowship is to encourage links with an Enterprise Partner to award co-funded two-year Postdoctoral Fellowships to highly promising researchers in Ireland. 

 

SFI Industry Fellowship Programme

The purpose of the Industry Fellowship Programme 2016 is to enhance industry-academia collaborations through the funding of collaborative industry-academia research projects, and to stimulate excellence through knowledge transfer and training of researchers.  

 

Innovation Partnerships

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.

 

Innovation Vouchers

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.

 

Consultancy

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.

 

Horizon 2020

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.