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10 September 2010

Grant for Research and Development

GRAND - These are Grants that support product development projects that exhibit a high levels of novelty. The funding is aimed at the feasibility and the development stages of the product life cycle.

The GRAND Awards are aimed a small companies that can do the majority of the work themselves in house but need the initial financial support that banks consider to risky to invest. This award has a limit of 25% sub contracted work and does not cover product launch, therefore is not suitable for lone inventors.

There are 4 types of grant under the Grants for Research and Development scheme for further information on the proposal process from speak to local IRC Specialists 

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