Smart Regions Enterprise Innovation Scheme | 8
2.3 Scheme Impact The Smart Regions Scheme will be aligned to the priorities outlined in Ireland’s strategic policy frameworks such as Smart Specialisation Strategy for Innovation 2022–2027 (S3), Enterprise White Paper 2022-2030, Regional Enterprise Plans (REPs) and the Regional Spatial and Economic Strategy (RSES). Successfully funded projects will develop regional strengths and opportunities through enterprise development. Applicants will be required to demonstrate via their proposals and ongoing reporting to EI over the duration of the scheme, how they are working to support the regional priorities as set out in Irelands Smart Specialisation Strategy (S3). Enterprise Ireland takes a performance-based approach to the dispersal of funding, therefore, allocations and continued inclusion in the scheme is dependent on performance delivery, continued eligibility, and compliance with management and control systems. In addition, Smart Region Enterprise Innovation Scheme must comply with the agreed performance framework, which is composed of output and result indicators linked to the specific Scheme objectives. Projects supported under Smart Regions Scheme are expected to contribute to the output indicators listed below (Performance Indicators). By delivering on these, the projects will contribute to the overall fund performance framework. In the application template applicants will be required to detail how the project intends to meet the output targets/result indicators. Projects will then be required to report on progress against indicators bi-annually. The following sets of indicators will be achieved through the four Streams of this scheme, as follows: Performance Indicators Brief Description Number of Enterprises supported This indicator includes all Enterprises in receipt of monetary or in-kind support. For the purpose of this indicator, an Enterprise is an organisation that produces goods or provides services to satisfy a market need.
Number of Enterprises Supported (Non- Financial) Number of New Enterprises Supported
This indicator includes all Enterprises in receipt of non-financial support. e.g., an SME receiving incubator services, provision of training, work space etc.
This indicator includes all new Enterprises in receipt of monetary or in-kind support. An Enterprise is considered “new” if it did not exist three years before the Enterprise applies for the support provided. Number of Enterprises that can be served on a yearly basis by a newly created incubator or where an incubator was in existence pre the support the additional number of enterprises that can be served on a yearly basis due to the extension of the incubation capacity. Product or process innovations must be new to the Enterprise supported but do not need to be new to the market. Product innovation is the market introduction of a new or significantly improved good or service with respect to its capabilities, user friendliness, components or sub-systems. Process Innovation is the implementation of a new or significantly improved production process, distribution method or supporting activity. Annual number of SMEs using the incubation capacity created with the support (ie not including the enterprises using the incubator services before the intervention)
Capacity of Incubation Created
No. of SME’s Introducing Product or Process Innovation
No. of SMEs using Incubator Services After Incubator Creation
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