Local Enterprise Offices may provide financial support to those who are researching the market demand for an innovative new product or service and are considering whether to develop it.
Feasibility study funding is only given towards the development of new and innovative product prototypes not already in the marketplace.
Feasibility Study Grants are designed to assist the promoter with researching market demand for a new product or service and examining its sustainability. It includes assistance with innovation including specific consultancy requirements, hiring of expertise from third level colleges private specialists, design and prototype development.
The Local Enterprise Office (LEO) will consider applications for feasibility study grants towards the development of innovative product / service ideas not already in the marketplace, where the promoter has already conducted extensive market research into the idea, but assistance is required to move the concept nearer to market readiness, and work is required to further develop the product / service prototype or delivery and it is expected that it will be market ready in less than 12 months. Financial support will not be available for Research and Development type projects.
You are strongly advised to contact the LEO Laois office before applying so that we can assess your eligibility.
For further information, please visit the Local Enterprise Office website