If you are a start-up i.e. your enterprise has been established for less than three years, then this scheme is available to you. In addition, your undertaking must be autonomous, unlisted and must not have distributed profits. Similar to the growth and diversification scheme, this scheme is targeting investment in equipment with the below list of costs being considered eligible:
• Costs for purchasing of new equipment, machinery, and/or plant – no limit to the cost;
• Construction/Up-grading costs – limited to 10% of the total eligible expenditure of the project;
• Costs for leasing/rental of privately owned operational premises – limited to 10% of the total eligible expenditure of the project;
• Costs related to patents/licences – limited to 10% of the total eligible expenditure of the project.
The maximum grant available under this scheme is €300,000 with an aid intensity of 50% and is being made available through competitive calls issued by the Measures and Support Division. There is €7m available for the whole programme in order to support start-up investment.