Enterprise Ireland opens up new avenues for research commercialisation with proof of concept funding
Enterprise Ireland has announced a new stream of support under its Commercialisation Fund: Proof of Concept Funding offering up to €100,000 over a 12-month period, providing a vital bridge between initial research and the commercial market.
This initiative supports a range of activities including customer discovery, prototype development, and early-stage human-use studies, helping researchers validate both the technical feasibility and market need for their innovations.
Marina Donohoe, head of research, innovation & infrastructure, Enterprise Ireland, said: “The Proof-of-Concept Funding is designed to empower third-level researchers in Ireland by providing the necessary resources to validate their innovations. By supporting activities such as customer discovery and prototype development, this initiative aims to de-risk early-stage technologies and accelerate their journey towards commercialisation, ultimately contributing to Ireland’s position as a leader in global innovation.”
The Proof-of-Concept Funding complements existing supports under the Commercialisation Fund, including the Feasibility Grant and the Commercialisation Fund Award. All researchers in the third-level sector and non-profit research agencies and organisations in the Republic of Ireland including staff on contract (e.g. post-doctoral scientists) can apply. Non-financial supports such as mentoring, networking and team development are also available.
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