Round 2 Grant Award Funding Call Open for Renewable Engine Industry Partners
Renewable Engine has officially opened the call for the second round of grant award funding for industry partners who are actively involved in collaborative partnerships with the project research institutions. Industry partners that are part of the Renewable Engine Project are eligible to progress to receive financial support provided through the project grants via a competitive process. A total value of €350,000 has been allocated for the technology and development grants within the project, which is managed and awarded by the lead partner, South West College.
The purpose of the grant funding is to assist the industry partner in developing their project proposal in a manner that supports the objectives of the Renewable Engine project. For example, this may include providing support to the associated PhD research project through the provision of technical assistance, demonstration equipment etc.
To be in scope, a proposal must;
- demonstrate transformational or disruptive, market-led innovation leading to novel, new products, processes or services or bring about a significant improvement in existing products, processes or services;
- articulate a clear, anticipated growth and commercialisation impact for the business(es) with considerable, demonstrable potential to lead to a significant return on investment (ROI);
- demonstrate how the grant funding will be used to support the company’s submission under the Renewable Engine Open Call for projects;
- demonstrate how the grant funding will be used to support or complement the work of the PhD research being undertaken as part of the Renewable Engine Open Call for projects.
- Priority will be given to proposals that are likely to lead to sustainable gains in productivity and/or access to new overseas markets through export-led business growth. Close to €200,000 of this budget has been allocated within the first round of funding, for which the call opened in 2018. In this first funding round, three businesses were successful in their applications to receive funding to support their research project proposals; Organic Power Ireland Ltd, Soltropy Ltd and Platinum Tanks.