DCU researchers have a number of ways to get funding for innovative new ideas that have commercial potential.
The main funding programme for researchers in 3rd level in Ireland is Enterprise Ireland’s Commercialisation Fund Programme (EI CF Programme). This programme is targeted at researchers who want to bring new technologies to market. Through this programme, researchers can get funding in the range of €80,000 to €350,000 for a project that typically lasts for 1-2 years. The objectives of the programme, the criteria for applications and the process are explained here.
Enterprise Ireland also offers a Feasibility Study Programme that enables researchers to engage a commercial consultant to help build a business case to strengthen the proposal.
Enterprise Ireland’s other major funding programme, the Innovation Partnership Programme, is specifically for researchers who want to collaborate with industry.
How Do I Apply?
If you have an idea that you think has commercial potential and are interested in bringing the technology to market, the first step is to discuss this with your respective Business Development Director in Invent – ICT, Life Sciences and Physical Sciences. Based on the outcome of this initial meeting, a decision can be made on how best to proceed.
The researcher, supported by DCU Invent, submits an application through Enterprise Ireland’s online system. For ICT, applications may be submitted at any time during the year. For other research areas Enterprise Ireland have fixed calls for proposals which are typically twice per year.
A further commercialisation funding programme is Science Foundation Ireland’s Technology Innovation Development Award (SFI TIDA). The programme is usually targeted at innovations that are early stage and often the output of a SFI TIDA project can lead to an EI CF proposal. There are other funding mechanisms including H2020, European Space Agency (ESA) programmes and others. There are also a large number of career development initiatives through SFI and other funding bodies.
To discuss options please get in touch with your respective Business Development Director at DCU Invent.