Smart Regions Enterprise Innovation Scheme

Smart Regions Enterprise Innovation Scheme | 24

ώ Enterprise Ireland reserves the right to operate a ranking procedure where the number of applicants reaching the required standard exceeds the budget available under the relevant call. Evaluation Stage 2: (For Stream Four Applications) ώ On successful completion of Evaluation Stage 1 the project proposal will be forwarded to Evaluation Stage 2. ώ Stream Four applicants scoring within 5% of the minimum supportable score (60% for Feasibility Study or 70% for Priming grant) at Evaluation Stage 1 will be evaluated by an Evaluation Panel at Evaluation Stage 2. An Evaluation Panel containing Enterprise Ireland and external members and Chaired by Enterprise Ireland’s Division Manager Regions & Local Enterprise (or their designate), will assess all eligible applications against the stated evaluation criteria. This will be based on the detail submitted with the Application, the proposal and scoring from Evaluation Stage 1. Depending on the volume of applications to be reviewed a sub-panel may be required to evaluate and recommend eligible applications for the panel’s consideration. ώ Stream Four applicants will not be expected to pitch their projects to the Evaluation Panel. However, the Evaluation Panel reserves the right to invite Stream Four applicants to pitch their proposal should it be deemed that further information is required. ώ Only project proposals with a final score of 70% or more for Priming, or 60% or more for Feasibility, will be forwarded to Evaluation Stage 3 and recommended for approval. ώ Unsuccessful projects which score lower than the minimum supportable mark will be given feedback on areas that may be addressed to improve their application. Once these aspects have been addressed the application can be resubmitted and the project will restart the Evaluation Stage 1 process. Resubmissions of a project will only be accepted once at any stage during an open call period. ώ Enterprise Ireland reserves the right to operate a ranking procedure where the number of applicants reaching the required standard exceeds the budget available under the relevant call. Evaluation Stage 3: (All Streams) ώ Recommended project proposals from the Evaluation Panel will be presented to Enterprise Ireland’s Investment Committee for review. The Investment Committee will, after review, approve projects with proposed funding of less than €3m and may include conditions related to the approval. ώ The Investment Committee will review larger scale projects (exceeding €3m in grant funding recommended by the Evaluation Panel) and recommend these to the Board of Enterprise Ireland for review and approval. The Enterprise Ireland Board will assess and approve funding to successful projects and may include specific conditions related to the approval. ώ In the case of an exceptional project, the Board of Enterprise Ireland, and Managing Authority, may consider approval of additional exchequer funding beyond the €10m ERDF supported limit, on a case-by-case basis.

Made with FlippingBook flipbook maker