Making a Feasibility Study Application
The Board will consider applications for feasibility study grants towards the development of innovative product / service ideas not already in the marketplace, where the promoter has already conducted extensive market research into the idea, but assistance is required to move the concept nearer to market readiness, and work is required to further develop the product / service prototype or delivery and it is expected that it will be market ready in less than 12 months. Financial support will not be available for R&D type projects.
To make an application, contact the Board to discuss your idea and arrange a meeting if it is deemed eligible, an application must then be lodged, and a further meeting will be arranged with the project executive to discuss the detail of your proposal. It will then be being presented to the Evaluation Committee for a recommendation. The Board will make the final decision based on the Evaluation Committee's recommendation.
In submitting your application to the Board, a written application to the Board must contain the following headings:
- Background of Promoter
- Background to the Idea
- The proposed Concept (product or service)
- Scope of the feasibility study
- Background on the Market
- Information on the Potential Market
- Market research conducted to date
- Work Programme of further research that needs to be conducted & by whom under the following areas:
- Product / Service Development
- Market Potential & Route to Market
- Technical / Production Requirements
- Financial Viability & Funding options
- Legal / Organisational Requirements
- Business Plan
- Costs involved in conducting the feasibility study
- Details & Quotations for any outsourced work & any other material deemed relevant
For more information on conducting your feasibility study application please refer to
- Writing your feasibility Study
Sample Contents of a Feasibility Study
Undertaking your Feasibility Study