SME Diversification and Innovation Grant Scheme

Would you like to diversify your company’s portfolio of products or services? Do you have a good idea... a new innovative product or service? Do you know that there is the possibility of tapping into EU funds to help you do so? Yes... but are you aware of the challenges of applying for EU funds or managing EU funded projects?

ATRIGA CONSULT can help...

The SME Diversification and Innovation Grant Scheme[1] offers the possibility of a grant of up to €200,000 to help you diversify or innovate your products or services, where the grant would be equal to 50% of your eligible expenditure.

The scheme is open for SMEs and provides funding for investment which would result in:

  • ​the diversification of your firm’s output/activity into new products or services (not previously supplied by your firm);
  • a fundamental change in the overall production process of your existing establishment;
  • the adoption by your firm of solutions to significantly improve your product or service;
  • the acquisition and integration into the business operation of solutions that are new or significantly advanced than those currently in use by the Undertaking.

EU funds would cover in part costs such as the leasing/rental of privately owned operational premises, construction and/or up-grading costs, the purchasing of new equipment, machinery and/or plant, the procurement of patents and licenses as well as wage costs related to the wage of a Change Manager employed specifically through the project to drive the necessary change within the enterprise through the diversification or a fundamental change initiative.

ATRIGA CONSULTcan help you formulate your project proposal as well as manage the application process and/or the management of your project.  Please contact us …

[1]The Scheme is managed by Measures and Support Division within the Ministry for European Affairs and Implementation of the Electoral Manifesto as part of its Business Enhance programme.