£5000 worth of funding is available for small medium enterprises in Northern Ireland, for businesses that want to develop new services or improve their business model.
The Innovation Vouchers hope to aid businesses in increasing business value and produce new profits, or even gain expertise from a public sector knowledge provider, such as a university or college.
The scheme is available to Northern Ireland based SMEs, and you may apply if:
- You are a small enterprise with less than fifty employees and annual turnover of less that €10 million, or
- You are a medium sized business, social enterprise or third sector organisation with less than 250 employees and turnover not exceeding €50 million
Up to five businesses can apply separately for the scheme and can use their Innovation Voucher to solve a common problem.