Local Enterprise Office Innovation Voucher
The Innovation Voucher Programme was developed by Local Enterprise Offices (LEO’s) to build links between Ireland's publicly funded knowledge providers (higher education institutes and public research bodies) and small and medium-sized businesses. Innovation Vouchers worth €5,000 are available to assist a company or companies to explore a business opportunity or problem with a registered knowledge provider.
Purpose of the scheme
Innovation is essential if you want to stay ahead in competitive and fast-changing markets. But, you might lack the time or know-how to develop the types of innovative solutions that could set your business apart. That’s where Innovation Vouchers come in. Each Innovation Voucher gives you €5,000 worth of time with an expert, third-level researcher to help you tease out an idea, develop a new product, or crack an important business or technical challenge.
What can Innovation Vouchers be used for?
Innovation Vouchers can be used for any kind of innovation such as:
- new product/process development;
- new business model development;
- new service delivery and customer interface;
- new service development;
- tailored training in innovation management;
- innovation/technology audit.
Vouchers can be exchanged for knowledge transfer projects from the knowledge provider.
For the purposes of this initiative, a knowledge transfer project is defined as one that transfers knowledge of a scientific, technological or innovative nature that it is new to the business. The business may then use the new knowledge to innovate a product, process or service.
The Innovation Vouchers initiative is open to all small and medium-sized limited companies registered in Ireland. Please contact your Local Enterprise Office for further information.
Learn more about your Local Enterprise Office
The Local Enterprise Office is your local first stop shop for seeking information and support on starting or growing a business in Ireland. There is a Local Enterprise Office in each local authority area. With 31 dedicated teams across the local authorities in Ireland, Local Enterprise Offices offer you a wide range of experience, skills, and services. Full details on Local Enterprise Office supports are available at LocalEnterprise.ie.