PILOT COMPETITIVE FEASIBILITY FUND FOR THE SOUTH EAST REGION /
Legal Basis – Industrial Development Act, 1986; Section 29
Commission Regulation: EC 70/2001 as amended by EC No. 364/2004
Company Name(Registered)
or
Promoter’s Name (if Individual applicant) / Co. Reg No.:
or
PPS No.:
Business address: / Tel. No.:
Fax No.:
Principal Business of the Applicant: / E-mail address:
Web address:
Contact Name: / Job Title:
Is the Applicant part of a group structure / Yes / No
Purpose of Feasibility Study:
(summary) / Investigate the feasibility of [1]
Start Date of Study[2]
Completion Date of Study
Promoters Profile/Team Profile, track record and domain knowledge (max 40% of awarded marks)
· State qualifications, previous work history, domain knowledge and other relevant details of promoter and wider team associated with the proposed project
· What is the promoter(s) current employment status?
· Which promoter(s) will be working full time and/or part time on the project?
Specify details of Directorships (past or present) held with other companies together with details of shareholding in other companies.
Customer Demand & long-term potential of the Business (max 30% of awarded marks)
Prompts/questions are provided below and should be used as a guide to ensure all relevant information is captured.
· What is the customer problem your proposed solution is addressing or the niche market which you are targeting? Give evidence to support this.
· What is the specific target market/geography to be addressed? How was this identified? Comment on the target market with reference to market size, growth and structure.
· What customer research have you carried out to validate the need for your product/service? Summarise the feedback.
· Who are your main competitors by country and size (include weblinks using a URL shortener if necessary)?
· What is your proposed unique selling proposition?
· What is your long term vision for this business?
Innovation level of proposed product or service (max 30% of awarded marks)
Prompts/questions are provided below and should be used as a guide to ensure all relevant information is captured.
· What is innovative about your proposed solution? For example, a new or significantly improved production or delivery method, holding relevant Intellectual Property or working with third level institutions on product/service design or development etc
OUTLINE OF FEASIBILITY STUDY:
This should detail how the company or individual will investigate the viability of manufacturing a new product or process, develop an innovative technology or a new internationally traded service.
Brief description and objectives of the study:List the key tasks to be undertaken during the study and indicate how the Key Tasks relate to the ‘Detail of Work & Expenditure’:
(please use bullet points)
The potential benefits from this feasibility study will be …
(A key task must include a written report or business plan which should be submitted on completion of the study. The format of the report/plan should be discussed with your Development Advisor)
Enterprise Ireland will not release any information received as part of this application except as may be required by law, including the Freedom of Information Acts 1997 and 2003. In the event of a FoI request, the client will be given reasonable advance notice in order to contest such disclosure.
PROJECTIONS FOR PROJECT ARISING FROM SUCCESSFUL FEASIBILITY STUDYGive your best estimates of the additional sales, exports and employment expected from the PROPOSED PROJECT.
Year End / Year 1
…/…/… / Year 2
…/…/… / Year 3
…/…/…
Project Sales €000’s
Project Exports €000’s
Project Employment
Accounts
Existing companies MUST provide latest Audited/Management Accounts directly to their Development Adviser
DETAIL OF WORK AND EXPENDITURE
Guidelines are available on www.enterprise-ireland.com / Study Costs / EI Office Use Only
Salaries /Wages:
(Max. €1,000 per person per week) – Expenditure under this heading is only eligible for companies with less than 15 employees for a maximum of 60 days (excludes companies that are subsidiaries of larger groups).
Name / Function / Cost per week / No. of weeks
Sub-total
Overheads:(may not exceed 30% of the Salary & Wages)
Sub-total
Travel and Subsistence:(Subsistence can only apply where a person is absent on business at a location more than 20 kilometres [overnights 80km] from their work base)
Daily Allowances
Ireland Overseas
Economy air/rail fares Economy air/rail fares
Mileage 60c per KM Mileage 60c per KM
Economy Car Hire Economy Car Hire
Subsistence* Subsistence*
Day Rate - €60 OR Day Rate - €60 OR
24hr period - €150 per day 24hr period - €200 per day
*For all out of pocket expenses including, hotels, meals, taxis, local fares, incidentals etc.
Please indicate the Purpose of Travel:
Country / Number of / Cost
Persons / Trips / Days
Transport / N/A
Subsistence / N/A
Sub-total
Consultancy Fees[3]:Max. 30 days per consultant to include travel and subsistence and all out of office expenses.
Max. consultancy rate is:
· 1 – 20 consultant days is €900
· 21– 30 consultant days is €700
Name / Function / Cost per day / No. of days
Sub-total
Prototyping Expenditure:(may not exceed 25% of total expenditure)
Sub-total
TOTAL EXPENDITUREOf the TOTAL EXPENDITURE state how much relates to Market Research (cannot exceed 30% of the total expenditure)
DECLARATION BY APPLICANT
An authorised Officer of the Company or the Promoter should complete this Declaration
I confirm that the Company/Promoter: / Yes / No
Is a Small Enterprise (SE):
Is a Medium Enterprise (ME):
Is a Large Enterprise:
Is part of a Group Structure:
Has submitted a current Annual Business Review (ABR):
If YES, please state year:
Has received a BES/SCS Investment since 1st January 2007
IF YES, please provide details of each investment.
Type / Amount / Date
Has been granted DE MINIMIS AID within the last three years:
IF YES, please provide details of each grant.
Note: A false declaration by a company/group resulting in the threshold of €200,000 being exceeded could later result in the aid being recovered with interest.
Type / Amount / Date
Are you legally required to produce Annual Audited Accounts?
IF YES, have you submitted your most recent Audited Accounts to your Development Advisor?
Note: Your application will not be processed if the accounts have not been submitted.
Have you submitted Management Accounts no more than 3 months old to your Development Advisor?
Note:
· Your application will not be processed if the accounts have not been submitted
· This is not applicable to pre-trading companies
I confirm that the Company/Promoter has not and will not seek aid from any other State Agency in respect of this expenditure.
Name of Company’s Authorised Officer/Promoter: Date:
Please return the completed Application Form via e-mail to:
End Notes
January 2012
[1] Describe the project to be investigated in one sentence. This must involve the investigation of the viability of: manufacturing a new product or process; an innovative technology or service offering; for example:
“….. the feasibility of manufacturing commercial waste handling equipment and systems”
“…… the feasibility of manufacturing salad dressings and marinades for the catering industry”
“…… the feasibility of developing software for the financial services industry”
[2] Give the dates that the study will begin and end. Any expenditure incurred prior to the start date is ineligible for support. Start date cannot be before call close date.
[3] Where feasible the company should obtain three competitive quotations or tenders for Consultancy Fees and accept the tender that gives the best value for money