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To all the researchers out there: MIT Feasibility Projects subsidy

Have you ever wanted to carry out a literature research, market exploration, or do a patent investigation, but then realized that it would cost you too much money? You’re not alone – many hard-working people like you have faced the same situation. However, starting next year, you’ll be able to apply for the MIT Feasibility Projects subsidy to finance the costs of your research! That’s great news, isn’t it? Read on to find out more about this subsidy and prepare for the application.

What is the MIT Feasibility Projects subsidy all about?

The name kind of says it all – this subsidy helps you cover the costs of innovative projects which determine the technical and economic risks involved. The idea is basically that you carry out a feasibility study, determining whether your innovative project could be realized in practice. You could enhance this study by spending time on industrial research or experimental development.  

Concerning the research areas that you could base your study on, you could be eligible for the MIT Feasibility Projects subsidy if you are planning to carry out:

  1. A literature research

  2. Patent investigation

  3. Assessment of available technologies and potential partners

  4. Market exploration

  5. Analysis of your competition

  6. Industrial research

  7. Experimental development

Not to forget, you should spend at least 60% of your costs on the feasibility study. Because if you don’t, then unfortunately your application will not be taken into consideration. 

Eligibility criteria for the MIT subsidy

Now comes the part that nobody likes – becoming familiar with the conditions that you and your project have to meet. Here goes:

  1. The applicant must be an SME

  2. The subsidy amounts to up to 40% of the eligible costs and could be a maximum of €20,000

  3. Only the costs spent by the applicant are eligible for the subsidy 

  4. The maximum duration of a feasibility project is one year

  5. The applicant must start executing the feasibility project within four months of submitting the application

So, if you are an ambitious SME entrepreneur, then you have a clear advantage over everybody else – you basically have your foot in the door, as they say. All you have to do is decide what your feasibility study will be about, finish the project within a year and start working on it within four months after the filing of the application. Sounds doable, right?

When can you apply for the MIT subsidy?

The MIT Feasibility Projects subsidy scheme will open on April 7th 2020 (9AM) and will close on September 10th 2020 (5PM). The budget for next year is not yet known, but if you keep checking our website and the MIT Feasibility Projects subsidy page, then you’ll find out how much the Dutch government has to give. However, keep in mind that once the subsidy scheme opens, the budget is usually exhausted within a few days, so make sure that you’re one of the first ones filing an application! 

Not what you’re looking for? That’s fine!

If you’re not convinced that you’d need or make use of this subsidy, that’s also fine, because we provide advice about dozens of other subsidies, which could do the trick. For example, the MIT Feasibility Projects subsidy is a part of the wider MIT subsidy scheme, which is also called the ‘SME Innovation Stimulation Region and Top Sectors’. Take a look; perhaps this is what you’re looking for! Or otherwise, take the subsidy quiz or go to our subsidy page to explore more subsidies that would drive your business further in the innovation journey. Need help with anything? Contact us then; we’re always happy to answer your subsidy-related questions!

Do you want to ask Marketa, the author of this article, any questions or do you have any remarks? Contact me here and/or reach out to me on LinkedIn!

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