Smart Regions Enterprise Innovation Scheme | 20
Appendix A - Eligibility To be eligible:
ώ All applicants for Stream One must be registered as a Not-for-Profit 9 Designated Activity Company (DAC) or a Not-for-Profit Company Limited by Guarantee (CLG) under the Companies Act 2014 prior to submission of their applications. ώ All applicants for Stream Two must be registered as a Not-for-Profit Designated Activity Company (DAC) or a Not-for-Profit Company Limited by Guarantee (CLG) under the Companies Act 2014. Applicants must be an incorporated DAC or CLG by the application date and be linked, for the purposes of the cluster, with at least five independent unrelated companies at regional/county/local level who will create a collaborative proposal with other local and regional stakeholders, to build and improve the regional innovation ecosystems. ώ Applicants for Stream Three must be registered as a Not-for-Profit Designated Activity Company (DAC) or a Company Limited by Guarantee (CLG) under the Companies Act 2014 prior to submission of their applications. ώ Applicants for Stream Four Feasibility will be Not-for-Profit entities that are registered Designated Activity Company, (DAC) or a Company Limited by Guarantee, (CLG) with the CRO under the Companies Act 2014 prior to submission of their applications, OR be a public body, such as Local Authority, Institute of Technology/HEI, that is involved in a collaborative proposal with enterprise and other local and regional stakeholders, ώ Applicants for Stream Four Priming support must be registered as a Not-for-Profit Designated Activity Company (DAC) or a Not-for-Profit Company Limited by Guarantee (CLG) under the Companies Act 2014 prior to submission of their applications. ώ All projects must submit a detailed and costed business proposal which clearly demonstrates how it plans to address identified enterprise needs/gaps, and the range of solutions they propose to deliver. These enterprise projects should directly align to the implementation of the actions outlined in the 9 Regional Enterprise Plans published by Department of Enterprise, Trade & Employment. ώ The Boards of Directors and/or the shareholders/members of these DAC’s or CLG’s should be comprised of a number of representatives of national/regional, county and local stakeholders, with a purpose of benefiting the wider needs of the community and region as defined in the relevant streams outlined below. In the case of stream 3, the Boards of Directors should be comprised of a representatives of a diverse range of such stakeholders.
9 The constitution of the Applicant shall provide that no payment (other than reasonable and proper payments for services rendered, vouched expenses or rent for premises let to the Company), transfer or distribution may be made directly or indirectly to a member and that, upon a winding up or dissolution of the company, no transfer, payment or distribution may be made to a member but that instead all net assets shall be given up or transferred to some other institution or institutions having main objects similar to the main objects of the Company and which shall prohibit the distribution of its or their income and property amongst its or their members to an extent at least as great as is imposed on the Company.
Made with FlippingBook flipbook maker