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MIT Feasibility

Are you considering an innovation project in the SME sector? You might be eligible for the MIT feasibility subsidy. This subsidy helps finance feasibility studies for new products, processes, or services, thereby reducing the risks in the preliminary phase.

Target audience

N/A

Budget

€850.000

Deadline

17 September 2024

Location

Provincial
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Which projects are eligible for the MIT feasibility subsidy?

You can apply for MIT subsidy when your SME is engaged in an innovation project within one of the top sectors: Agri & Food, Creative Industry, Energy, Life Sciences & Health (LSH), Logistics, High Tech Systems & Materials (HTSM), Horticulture & Raw Materials, and Water. In 2024, the project must also align with one of the themes of the mission-driven top sectors policy: Energy Transition & Sustainability, Agriculture, Water & Food, Health & Care, Safety, Key Technologies, and Societal Earning Capacity.

As mentioned, a MIT feasibility project consists of a feasibility study or a combination of a feasibility study, industrial research, and/or experimental development.

What is meant by a feasibility study?
In a feasibility project, at least 60% of the activities must fall under the category of feasibility study. This can include:

  • Literature research
  • Patent research
  • Inventory of available technologies and potential partners
  • Market exploration
  • Competitive analysis

What is meant by industrial research?
Industrial research is a form of research aimed at acquiring new knowledge and skills to develop new products, processes, or services, or to significantly improve existing ones.

What is meant by experimental development?
Experimental development is the next phase after industrial research. It involves systematic work that utilizes existing knowledge gained from research and/or practical experience, aimed at producing new materials, products, or devices, establishing new processes, systems, and services, or significantly improving existing ones.

What is our revenue model?

Wondering how our earning models work? We use a variety of strategies specially designed to enhance all your grant opportunities. See our earning models page for more information.

Maximum MIT feasibility contribution

€20.000
Want to know how we can increase the chances of success for your organization regarding this subsidy scheme? Or is there something else you need information about? Please let us know; we are here to help.

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