Written answers

Wednesday, 3 April 2019

Department of Jobs, Enterprise and Innovation

Innovation Vouchers Initiative

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

133. To ask the Minister for Jobs, Enterprise and Innovation the number of applications to the innovation voucher scheme of Enterprise Ireland by county in each of the years 2010 to 2018; the number of eligible and ineligible applications, respectively; the funds allocated to the scheme in each such year including to date in 2019; and the amount subsequently expended in each year in tabular form. [15665/19]

Photo of John HalliganJohn Halligan (Waterford, Independent)
Link to this: Individually | In context | Oireachtas source

The Enterprise Ireland Innovation Voucher Initiative was introduced in 2007 in order to drive an on-going innovation culture shift within small enterprise by promoting and encouraging knowledge transfer between Ireland’s public knowledge providers and the small business community and creating greater synergies between the two.  Under the initiative, vouchers worth €5,000 are allocated to small businesses whose proposals to work with public knowledge providers on specific innovation issues meet certain criteria.

The Innovation Voucher Programme has been running successfully since its inception and it is planned to continue the programme as long as the demand justifies it and it continues to meet a need in the small business sector.

It is not possible to supply numbers of all applications for vouchers as only those that pass basic eligibility criteria are recorded on Enterprise Ireland’s database. Vouchers are awarded following a review of both the eligibility of the applicant and the proposed research question and typically about 80% of applications are successful.  The main reasons for applications failing to be approved are; non-eligibility of the applicant, insufficient information, ineligible activity and low levels of innovation.

The number of innovation vouchers awarded by county in each of the years 2010 to 2018 is set out in the following table.

County201820172016201520142013201220112010
Carlow34201731202911919
Cavan19181118141681014
Clare131421161312251521
Cork12512797122108119676492
Donegal281719402235193226
Dublin City & County215217220256239278259227230
Galway546237555257605557
Kerry261618142629192024
Kildare282826342624211815
Kilkenny373032355036102416
Laois795412116514
Leitrim<555991310<512
Limerick354030323232463426
Longford757511<55<56
Louth232321291818171929
Mayo262916272422181919
Meath31221715171812815
Monaghan7131114107131210
Offaly111212795101814
Roscommon13678159111610
Sligo262517171713111915
Tipperary353931342336141121
Waterford428276636476403576
Westmeath8<517111120102522
Wexford475445334255282823
Wicklow162627232733171827

Applications are initially assessed by Enterprise Ireland against the following criteria:

- Whether the company is a limited company

- That the company in question does not have a current “Active” Voucher

- That the company has not received more than the maximum number of Vouchers permitted.  The maximum number of vouchers per company is three, one of which must be a co-funded voucher between Enterprise Ireland and the company.

- That the company has received less than €300k funding from Enterprise Ireland in the previous 5 years.

- De minimus rule – ensures that the company has received less than €200k of State funding in the previous 3 years as per EU State Aid rules.

If the application satisfies the above eligibility criteria the application proceeds to an evaluation. The evaluation of the application must demonstrate that the proposed activity requires an innovative solution which will have additional value and on-going benefits for the company. Each application is assessed against an agreed list of eligible and ineligible activities. The full list of eligible and ineligible activities is available on the Enterprise Ireland website at www.innovationvouchers.ie.

The value of the innovation vouchers issued each year and the value of the vouchers redeemed in each of the years since 2010 is set out in the following table.

YearValue of IV’s issued €mValue of IVs redeemed €m
20104.32.6
20113.82.6
20123.82.5
20135.02.5
20144.52.6
20154.72.5
20164.22.9
20174.72.7
20184.62.7
2019, to April 2nd1.30.7

Comments

No comments

Log in or join to post a public comment.