Funding news - 01/03/2017
Research Challenge Fund Open to Applications
The Research Challenge Fund (RCF) aims to encourage industry and public sector research establishments to collaborate on innovative, high quality, pre-commercial research and technological development projects.
Projects should have the potential to further the sustainability and competitiveness of Northern Ireland's agri-food and rural enterprises. The key objectives of the RCF are as follows:
- To improve the competitiveness of rural enterprises and create wealth from the research base.
- To increase the number of rural enterprises engaging in effective research and development (R&D) including those participating for the first time and the level of private sector expenditure on R&D.
- To increase the level of collaboration between Northern Ireland’s rural enterprises and the local, national and international research base.
- To increase collaboration and effective cooperation between rural enterprises.
The amount of grant awarded is determined by business size and research category. Up to a ceiling of £250,000 of total public funding will be awarded. For industrial research, the applicant could be awarded up to 50% of eligible costs up to the ceiling of £250,000. For experimental development, the applicant could be awarded up to 35% of eligible costs for medium-sized enterprises and up to 45% for small enterprises.
The RCF grant will be paid on a quarterly basis in arrears to the lead industry partner from the consortium. This grant will be paid upon the receipt of a verified claim and supporting documentation. This lead industry partner will be responsible for co-ordinating the grant claim on behalf of all the partners within the consortium.
The next deadline for applications is 26 May 2017.
For further information, interested parties should visit the Department of Agriculture, Environment and Rural Affairs (DAERA) website
Source: Department of Agriculture, Environment and Rural Affairs (DAERA), 01/03/2017