The aim of the Commercialisation Fund is to improve the competitiveness of Irish industry. This is achieved through both the creation of technology based companies and through the development of licenses. The programme funds researchers in the higher education system to develop innovations at all stages of the commercial pipeline, to the point where they can be commercialised as new products, services and companies.
The Fund is available for projects that address a gap or need in the market by developing innovations that will ideally be ready for licensing to Irish industry, or may form the basis of a new start-within 5 years. Licenses developed may be accessed by companies in order to develop products, processes and services, in order to bring them to a point where they are ready for new domestic and international markets.
The Commercial Case Feasibility Support is a funding support which can be obtained by researchers, in partnership with their Technology Transfer or equivalent office, for a short Feasibility Project (up to 3 months) to scope and develop the commercial case for their innovation. Support is provided to assist the project team to:
- Perform Market analysis and validation
- Profile the competitor landscape
- Perform Patent landscaping and develop an IP strategy
- Investigate potential routes to exploitation to the economic benefit of Ireland
- Understand relevant regulatory issues or other barriers/hurdles to commercialisation
- Create a small demonstration or early prototype
The following table outlines the number of projects that received funding under the Commercial Case Feasibility Support in each year by Institute and the associated payments in that year for 2014, 2015, 2016, 2017 and 2018:
Institute
|
No. of Projects 2014
|
€ Paid 2014
|
No. of Projects 2015
|
€ Paid 2015
|
No. of Projects 2016
|
€ Paid 2016
|
No. of Projects 2017
|
€ Paid 2017
|
No. of projects 2018
|
€ Paid 2018
|
Dublin City University [DCU]
|
9
|
61,110
|
8
|
120,081
|
9
|
123,502
|
10
|
91,996
|
2
|
23,043
|
Dublin Institute of Technology
|
5
|
63,929
|
4
|
72,844
|
7
|
52,649
|
5
|
48,609
|
3
|
34,585
|
I.T. - Blanchardstown
|
0
|
9,665
|
1
|
3,935
|
|
|
|
|
|
|
Institute of Technology Athlone
|
6
|
24,624
|
2
|
35,958
|
2
|
52,170
|
3
|
21,456
|
3
|
16,650
|
Institute of Technology Carlow
|
0
|
9,192
|
1
|
12,541
|
1
|
29,964
|
3
|
776
|
|
|
Institute of Technology Cork
|
7
|
65,270
|
10
|
119,595
|
8
|
68,075
|
5
|
20,489
|
2
|
14,062
|
Institute of Technology Dundalk
|
|
|
|
|
|
|
|
|
1
|
10,500
|
Institute of Technology Galway-Mayo
|
2
|
32,024
|
2
|
14,979
|
0
|
18,911
|
2
|
6,920
|
|
|
Institute of Technology Letterkenny
|
|
|
|
|
1
|
10,500
|
|
|
2
|
21,000
|
Institute of Technology Limerick
|
1
|
12,948
|
1
|
13,740
|
3
|
28,149
|
1
|
10,465
|
|
|
Institute of Technology Sligo
|
|
|
|
|
1
|
13,263
|
1
|
10,500
|
|
|
Institute of Technology Tallaght
|
1
|
10,950
|
0
|
10,080
|
2
|
27,720
|
1
|
4,444
|
|
|
Institute of Technology Tralee
|
1
|
9,940
|
1
|
14,689
|
2
|
30,775
|
|
|
|
|
Institute of Technology Waterford
|
14
|
99,184
|
4
|
43,110
|
1
|
2,392
|
1
|
20,522
|
3
|
24,973
|
National College of Art and Design
|
2
|
19,137
|
0
|
20,578
|
6
|
63,289
|
4
|
59,898
|
|
|
National Institute of Bioprocessing Research and Training
|
|
|
|
|
1
|
15,000
|
|
|
|
|
Royal College of Surgeons Ireland
|
5
|
49,546
|
2
|
25,278
|
1
|
3,873
|
1
|
10,241
|
1
|
9,450
|
Teagasc
|
0
|
8,651
|
1
|
3,707
|
|
|
1
|
10,350
|
|
|
The National University of Ireland, Galway [NUIG]
|
13
|
66,190
|
7
|
107,390
|
6
|
161,114
|
14
|
56,547
|
3
|
24,538
|
The National University of Ireland, Maynooth [Maynooth University]
|
7
|
71,079
|
3
|
16,979
|
1
|
49,326
|
6
|
38,513
|
1
|
14,599
|
The University of Dublin, Trinity College [TCD]
|
11
|
89,895
|
6
|
80,162
|
2
|
15,000
|
7
|
112,855
|
7
|
49,255
|
Tyndall National Institute
|
2
|
23,923
|
0
|
4,140
|
1
|
19,950
|
1
|
8,494
|
2
|
17,675
|
University College Cork [UCC]
|
6
|
46,225
|
7
|
79,572
|
6
|
83,375
|
7
|
60,397
|
1
|
2,244
|
University College Dublin [UCD]
|
5
|
60,673
|
10
|
141,518
|
9
|
131,694
|
13
|
108,437
|
4
|
38,435
|
University of Limerick
|
12
|
126,536
|
3
|
37,468
|
5
|
82,665
|
11
|
118,032
|
1
|
1,850
|
*relates to payments from 01/01/2018-21/05/2018