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MIT Feasibility

Are you considering an innovation project in the SME sector? Perhaps you can take advantage of the MIT feasibility grant. This subsidy helps finance feasibility studies for new products, processes, or services, thereby reducing pre-phase risks.

Target audience

Entrepreneurs

Budget

€ 850,000

Deadline

17 Sep 2024

Location

Provincial
Home » Grants » MIT Feasibility

What is the MIT feasibility grant?

MIT stands for Innovation Stimulation Top Sectors. Grants are provided to SMEs to carry out an MIT feasibility project. An MIT feasibility project consists of a feasibility study or possibly a combination between a feasibility study, industrial research and/or experimental development. Note that at least 60% of the costs of the MIT feasibility project consists of a feasibility study. These activities are essential for technological innovation and are therefore often supported by governments, fiscal incentives, or other financing mechanisms. In a feasibility project, at least 60% of the activities will be carried out under the heading of a feasibility study. You can then think of: Literature review Patent investigation Inventory of available technologies and potential partners Market exploration Competition analysis

The subsidy amounts to 40% of the eligible costs, up to a maximum amount of € 20,000 per feasibility project. Applying for a subsidy for MIT feasibility projects is possible from April 4, 2024. The first come, first serve principle applies to this arrangement. This means that applications are assessed on an incoming basis until the budget is exhausted. Our experience shows that the subsidy ceiling is exceeded on the first day. Therefore, make sure that subsidy is applied for in good time. We often see that the budget is exceeded on the very first submission day. All applications received on that day are compared with each other.

Did you know that there is also an MIT R&D collaboration program ? Especially for SMEs that enter into a collaborative partnership and focus on the development or innovation of products, production processes, and/or services. Of course, we can also assist you with this.

Which projects are eligible for the MIT feasibility grant?

You can apply for MIT subsidy if you are an SME involved in an innovation project within one of the top sectors: Agri & Food, Creative Industries, Energy, Life Sciences & Health (LSH), Logistics, High Tech Systems & Materials (HTSM), Horticulture & Starting Materials, and Water. In 2024, the project must also align with one of the themes of the mission-driven top sector policy: Energy transition & sustainability, Agriculture, water & food, Health & care, Security, Key technologies, and Societal earning capacity.

As mentioned, an 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 feasibility study?
In a feasibility project, at least 60% of the activities will be carried out under the heading of a feasibility study. You can then think of:

  • Literature review
  • Patent investigation
  • Inventory of available technologies and potential partners
  • Market exploration
  • Competition analysis

 

What is meant by industrial research?
This is about acquiring new knowledge and skills through research, with which products, processes or services can be improved or developed.

What is meant by experimental development?
Experimental development is the subsequent phase after industrial research. It involves systematic work that utilizes existing knowledge obtained 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 learn more about how we can increase the chance of success for your organization regarding this subsidy scheme? Or is there something else you need information about? Please let us know, we are ready to help you.

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