As we recognise that innovation can be a cost to your business, through the ATI project we can support you with these important developments..
Within the programme, the ATI Innovation Fund can assist eligible SMEs with grants of between £2,500 and £10,000 for both capital and revenue costs in five areas. These areas include; proof of market, proof of concept, prototyping, IP protection, and new product or service generation. The option of larger grants may be available up to a maximum of £25,000 – this will be the exception.
For the ATI team to identify relevant eligibility you must have engaged with our Innovation Advisors to scope your project, help you to comply with the procurement and State Aid rules applicable to the programme and demonstrate sufficient cash resource to fund the entire expense pending re-imbursement. The grant available will represent a maximum of 50% of the total eligible costs.
The European Regional Development Fund (ERDF) aims to strengthen economic and social cohesion in the European Union by correcting imbalances between its regions.
The ERDF focuses its investments on several key priority areas. This is known as ‘thematic concentration’:
- Innovation and research;
- The digital agenda;
- Support for small and medium-sized enterprises (SMEs);
- The low-carbon economy.
The ERDF resources allocated to these priorities will depend on the category of region.
- In more developed regions, at least 80 % of funds must focus on at least two of these priorities;
- In transition regions, this focus is for 60 % of the funds;
- This is 50 % in less developed regions.