Feasibility of MIT subsidy 2021
An innovation project can be excellent, yet without prior testing it can still fail. This is why you should apply for a subsidy to evaluate the technical and economic risks.
The feasibility project is one of the instruments of the SME Innovation Stimulation Region and Top Sectors (MIT). Along with the MIT feasibility subsidy, you can also apply for a subsidy for MIT collaborations.
Who is eligible for the subsidy?
Subsidies are provided to SMEs implementing an MIT feasibility project. The project should mainly consist of desk research, such as literature research, patent research, inventory of available technologies, potential partners, market research and competition analysis.
MIT Feasibility study
A feasibility study mainly consists of desk research. Building a prototype is therefore not covered by the eligible costs of an MIT Feasibility Study. If you combine a Feasibility study with experimental research, the developing a prototype is eligible. A MIT Feasibility study consists of:
- Literature review
- Patent investigation
- Inventory of available technologies and potential partners
- Market exploration
- Competition analysis
Do you want to develop new services, products or processes or improve existing ones? In contrast to a feasibility study, the development of a (commercially usable) prototype in experimental development is eligible.
This is all about acquiring new knowledge and skills with research, by learning which products, processes or services can be improved or developed.
How much is the subsidy?
The subsidy amounts to 40% of the eligible costs, up to a maximum amount of € 20,000 per feasibility project.
What are the conditions?
Do you meet the conditions to be eligible for an MIT subsidy? Below are a number of criteria:
- Only applicant costs are eligible
- The maximum duration of the feasibility project is 1 year
- You will implement the project within 4 months of submitting the grant application
- You need to be able to explain what performance is delivered
Deadline for the MIT feasibility subsidy
Grants for MIT feasibility projects could be applied from April 20, 2021. Please note: the principle of first come, first served applies to this scheme. This means that applications are assessed on the basis of entry, until the budget is exhausted. Therefore, make sure that you apply for a subsidy in time. Please contact one of our experienced consultants about this.
Company X has developed a tool. Before the tool is marketed, the company first wants to conduct market research and investigate the (technical) feasibility of the tool. 40% of the costs that the organization incurs during this are eligible. For example, think of the hourly wages of employees, the costs of hiring an expert, and costs incurred developing the prototype.
MIT R&D collaboration projects
The MIT R&D cooperation project is another instrument of the MIT scheme. This grant is intended for joint ventures between at least two SMEs.
Discover your financing opportunities
We have a lot of experience in applying for MIT subsidies. Are you curious about whether your work is also eligible? Please feel free to contact consultant, John Krijger.