HPSU Feasibility Study Grant 

This grant is to offset costs related to researching international markets, development of a business plan for international expansion or the development of a prototype. 

Feasibility studies are immensely important when constructing the strategy for the business (Including acquiring the knowledge for route to market strategy, market intelligence which will form the basis of assessing of how the market will react to a businesses product or service prior to expenditure in expansion and scaling).

Most larger Grant applications will require a feasibility study to demonstration proof that the qualitative and quantitative research conducted within the study concludes that the product or service is viable, profitable and exportable. 

What is it for?

The High Potential Start-Up (HPSU) Feasibility Study Grant is a grant offered by Enterprise Ireland to innovative HPSUs preparing to raise investment and who are existing Enterprise Ireland clients. 

The grant helps cover the costs of a feasibility study so that the HPSU company can prepare an investor-ready business or Strategic plan, research export markets or develop a prototype.

How much is the Grant Funding?

The maximum grant funding available is 70% of eligible expenditures or €30,000. The grant can be used for research on export market potential, technical research, prototyping, and business and financial plan development.

Who is it for?

The Innovative HPSU Fund is accessible to current Enterprise Ireland clients who meet the criteria as a small enterprise and have been in operation for less than five years. Eligibility is established through meeting one or more of the following requirements:

• For companies with no trading history at the time of application, at least 15% of the total operating costs must be allocated to R&D expenses in the current fiscal year.
• For companies with a trading record, at the time of application, at least 15% of the total operating costs must be allocated to R&D expenses in at least one of the three years prior to the application.
• Present an innovative business plan for developing products, services, or processes that are technologically new or significantly improved in comparison to industry standards in the European Community. This plan should carry a risk of technological or industrial failure, and it should be outlined in a comprehensive business plan.

To be eligible for the grant, you must be a high potential start-up (designated a Enterprise Ireland DA) preparing to raise investment and have an innovative product or service that has the potential to succeed internationally.

• You must be a high potential start-up preparing to raise investment and have an innovative product or service that has the potential to succeed internationally.
• An Enterprise Ireland DA will assess the merit of the application before advising to proceed.

Take the Next Step Towards Success

Are you ready to unlock your company’s growth potential? Partner with CAPIQAL to navigate the application process seamlessly and unlock the resources you need to thrive in the global marketplace.

Get Started Today – contact us to learn more about how the HPSU Feasibility Study Grant can accelerate your company’s journey towards success.