For small businesses, innovation often feels like something reserved for global corporations with deep pockets and large R&D teams. In reality, innovation is just as critical for SMEs – and support is closer, and more practical, than you might think.  

In Ireland, there are several government-backed programmes designed to help small business owners test their ideas, improve processes, and launch new products or services:  

1. Innovation Voucher 

Got a new idea but need expert help to test it? The Innovation Voucher gives SMEs €10,000 worth of researcher time (with an option to top it up) to explore new products, services, or solve technical challenges. Perfect for early-stage innovation. 

2. Innovation Boost (via Enterprise Ireland’s Innovation Partnership Programme) 

Eligible companies can secure up to 80% funding, capped at €200,000 to work with academic experts to explore new products, services, or processes. A powerful way to tap into university know-how and research your innovation projects. 

3. Innovate Programme 

A structured programme that offers guidance from a dedicated Innovation Advisor, training in best practices, and a clear roadmap to help business owners generate and test new ideas, build stronger collaborations for innovation – and increase competitiveness. 

4. Skillnet Innovation Exchange 

A marketplace that connects large companies with Irish SMEs to solve real-world innovation challenges. SMEs get a unique opportunity to showcase their solutions, build credibility, and secure new business – especially effective for scaling tech firms. 

5. Research, Development & Innovation (RD&I) Fund 

If your business is working on new ideas, whether in digital, sustainable tech, or food and drink, you could get funding of up to €750,000. This fund backs non-routine R&D projects that help you create new products, improve processes, and stay competitive. 

6. Innovation Capability (food & drink sector) 

These two-day workshops from Bord Bia help food and drink businesses embed innovation into every part of their operation. Designed for Bord Bia client companies, this training encourages insight-led creativity and practical innovation habits. 

LoughTec – a cybersecurity firm based in Omagh – used the Innovation Boost to automate 70% of their monthly invoices, cut down manual processes, and improve operational efficiency.  

Bevcraft – a drinks packaging firm from Mullingar – took advantage of the Innovation Boost to hire a skilled engineering graduate to set up a unique, new production and packaging facility,  

With these resources, innovation doesn’t have to be risky or costly. It can be your most reliable route to resilience, competitiveness, and growth. Even modest levels of support, like the Innovation Voucher can spark bigger innovation projects and open new growth paths. For guidance or advice on applying, contact the National Enterprise Hub team on 01-727 2100.