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Introduction to Financial Planning for Innovations
6.5 Support available from Northern Ireland
Invest Northern Ireland
Funding for innovation and Research & Development. There are a range of financial supports available to help you create new products, processes and services.
Support is available up to £50,000 to:
- Investigate or plan your idea.
- Make and test a prototype.
- Experiment and refine your design.
- Handle intellectual property costs.
Funding can help with:
- Scoping, defining and planning an R&D project
- Research or critical investigation aimed at producing new scientific or technical knowledge
- Product or process development or improvements
- Development of leading edge technology
- Linking to a college or university to collaborate on strategically important projects
Find out more here: https://www.investni.com/support-for-business/funding-for-innovation-and-research-and-development.html
Ignite
Another example of support available in Northern Ireland is the Ignite programme.
The ignite programme offers funding, office space and a programme with additional support for new start up business and existing technology companies who wish to scale their business.
Each of the Ignite programmes is tailored to suit each specific business, the programmes include workshops which give insights into different key areas. “Founder Firesides” talks from experts who have founded their own companies, giving tips and tricks on what to do and what not to do! This programme also offers Mentorship, these mentors will help guide you through your Ignite journey while sharing your experience and giving you feedback.
There are lots more resources available and you can find out more here: https://igniteni.com/