BIG offers grant support ranging from £5,000 to £20,000 at a grant rate of 70% (match funding 30%) to help your business advance its innovative projects. You can use the financial support to develop, commercialise, and implement new or improved products, services, or processes.
Funding should be used for activities such as:
- In market research (problem solving or opportunity validation)
- In market research (product, service or process idea validation)
- ISO 56000 series Innovation Management Audit, including report production
- Product or service market validation and testing
- Minimal viable product (MVP) development with industry, including market testing
- Process design and validation
- Market entry planning (including analysis of costs for full product or service development and distribution or implementation)
- Design of market entry strategy
- Identification and establishing of manufacturing and supply chains outside Northern Ireland
- New market development visits outside Northern Ireland
- Attendance at trade fairs and exhibitions outside Northern Ireland
- Product launches and demonstrations
- Consultancy or sub-contracting to support further product development
In addition to receiving financial support, successful applicants will enter the Innovate NI programme where they can benefit from advice and guidance to progress along the innovation framework. Businesses will also receive recognition of their innovation achievement with an Innovation Recognition Certificate issued by Innovate NI on behalf of the Department for the Economy.