Competitive Feasibility Fund (CFF)

Enterprise Ireland regularly offers feasibility funding for business start-ups in various sectors and geographic regions.  The objective of the Competitive Feasibility Funds is to assist new start-up companies or entrepreneurs, to investigate the viability of a new growth-orientated business proposition which has the potential to become a High Growth Potential Start-up (HPSU).  These are companies that can develop scalable innovative technologies, products or services for sale on world markets.  We are seeking to support projects that are likely to achieve significant growth within three years (sales of €1m per annum and employment of 10 or more) or, where a company is required to have FDA or CE approval, to have €1 million in sales within three years of approval to sell.

The purpose of the Feasibility Grant is to enable the applicant and Enterprise Ireland to reach firm conclusions regarding the project's viability and set out investor-ready plans and financials associated with developing and commercialising the product or service on international markets. The Fund is open to manufacturing and internationally traded services business and designed to enable start-up companies reach key commercial and technical milestones.

 

Eligible Activities

Successful applicants will be awarded feasibility funding to support a maximum of 50% of the study costs. Typical elements involved in carrying out a feasibility study include:

  • Market research;
  • Cost analysis;
  • Financial projections;
  • Manufacturing process assessment;
  • Plant evaluation and selection;
  • Raw material sourcing;
  • Prototyping;
  • Negotiating with potential joint venture partners or obtaining a manufacturing licence may also be included.

 

Eligible Costs

Costs incurred in the feasibility study that are considered eligible include:

  • Salary costs of the promoter(s) or company employees;
  • Foreign travel and subsistence costs related to the project;
  • Fees of external consultants;
  • Costs of building and/or testing a prototype;
  • Costs of exhibiting at or visiting one overseas trade fair.

All applications to the Competitive Feasibility Fund must be made via the Enterprise Ireland online application system during call open dates.

 

Competitive Feasibility Fund 2016 Call Dates

(Please note these dates may be subject to change)

Call TypeCall Open/ Launch DateCall Close Date
Competitive Feasibility Fund - Agri BusinessTuesday 23rd August 20163pm Tuesday 6th September 2016
Competitive Feasibility Fund - Cork RegionThursday 13th October 20163pm Thursday 27th October 2016
Competitive Feasibility Fund - Mid West RegionTuesday 25th October, 20163pm Tuesday 8th November 2016

 

Key contact/more information

For more information on the individual funds, please click on the relevant link(s) above. 

If you are not a client of Enterprise Ireland and want to learn more about qualifying and applying for Enterprise Ireland’s High Potential Start-Up supports, go to our Start a Business Section