Aim of proof-of-concept funding to accelerate commercialisation of academic research.
Ireland’s academic research sector is to be given a boost through new funding to prove concepts.
The new funding from Enterprise Ireland offers up to €100,000 over a 12-month period, providing a vital bridge between initial research and the commercial market.
“The Proof-of-Concept Funding is designed to empower third-level researchers in Ireland by providing the necessary resources to validate their innovations”
This initiative supports a range of activities including customer discovery, prototype development, and early-stage human-use studies, helping researchers validate both the technical feasibility and market need for their innovations.
Bridging the gap between research and industry
“The Proof-of-Concept Funding is designed to empower third-level researchers in Ireland by providing the necessary resources to validate their innovations,” explained Marina Donohoe, head of Research, Innovation and Infrastructure at Enterprise Ireland.
“By supporting activities such as customer discovery and prototype development, this initiative aims to de-risk early-stage technologies and accelerate their journey towards commercialisation, ultimately contributing to Ireland’s position as a leader in global innovation.”
This new initiative is part of Enterprise Ireland’s continued commitment to bridging the gap between research and industry, supporting the creation of high-potential start-ups and ensuring that Irish research delivers real-world impact.
The Proof-of-Concept Funding complements existing supports under the Commercialisation Fund, including the Feasibility Grant and the Commercialisation Fund Award.
All researchers in the third-level sector and non-profit research agencies and organisations in the Republic of Ireland including staff on contract (e.g. post-doctoral scientists) can apply. Non-financial supports such as mentoring, networking and team development are also available.
“Securing early-stage support through Enterprise Ireland was a pivotal moment for our company,” said Dr Cormac Farrelly, chief medical officer and co-founder of LaNua Medical.
“It enabled us to validate the ECORE device with real-world users and begin translating a clinically inspired concept into a commercial product with the potential to improve patient outcomes globally. This type of funding is essential for turning promising innovative ideas into high-impact solutions.”
How to apply
- Review eligibility on the Enterprise Ireland website: Commercialisation Fund | Business Support | Enterprise Ireland
- Contact a member of Enterprise Ireland’s Commercialisation Specialist Team
- Submit your application through the online system – Apply here
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