The Feasibility Fund of the Limburg Business Development Fund provides grants to test early ideas and determine whether they are technologically and/or economically feasible
Through the following funds and programs, we help entrepreneurs with advice and financing. But with this we can also strengthen the sectors in Limburg. Would you like to know more? Give us a call. We will gladly help you.
LIOF is the regional development company of the Province of Limburg. We ensure the strengthening of the economic structure and thus the growth of Limburg.
70 committed LIOF colleagues help your company grow with advice, a solid network and financing, to strive for a smarter, more durable and healthy Limburg.
Feasibility Fund for SMEs
The Feasibility Fund of the Limburg Business Development Fund (LBDF) provides grants to test early ideas and determine whether they are technologically and/or economically feasible – the proof of principle. The grant amount is 35% of the total eligible costs, subject to a minimum of €15,000 and maximum of €50,000.
In the past period we have stimulated and supported many ideas, also financially. As a result, the budget for grants has been exhausted. We expect to inform you about new funding rounds soon. Please contact us to discuss possible alternatives.
Another requirement is that your company is actually located in Limburg (physically and actively present), and operates in one of the spearhead sectors in Limburg:
The following demonstrable costs of the feasibility study are eligible under the grant:
• Wage and labour costs (hourly fee of €60);
• Material costs, e.g. for a non-functional prototype
• Depreciation of property, plant, and equipment
• Costs for using the facilities;
• Costs for contracting third parties
The 'Grant Rules for Proof of Principle Fund (Feasibility Fund)' are given here.
Detailed information
Reimbursement of depreciation costs
Your depreciation costs on plant and equipment are covered provided that they are necessary for the execution of the project and have been laid down in the approved project plan. Depreciation is based on the economic lifespan. If the resources are also used for any purposes other than the project, a proportion of the depreciation will be covered in consideration of usage for the project.
Costs that are not reimbursed
The following costs are not reimbursed:
Training/education;
Fundamental research;
Certification;
Patent applications
Forming a legal entity under private law;
Expenses incurred prior to submitting the application.
I want to apply for a grant
We’ll help you on your way
Are you eligible for a grant? If so, click on 'Getting started’ and download the application form We have developed a handy guide to help you fill in the form. Complete your application and submit it by e-mail. You can also contact an LIOF advisor who will help you on your way and answer any questions you may have.
Next steps
Testing and assessment
We check whether your application is complete and fits within the scheme. You complete the application together with the LIOF advisor. We then assess it for:
Innovation / innovative capacity
Technical feasibility
Market potential
Economic feasibility
Entrepreneurship.
Allocation and turnaround time
If the application meets the requirements the amount of the grant is determined and then awarded and paid out. The processing time from application to the grant being issued depends on how quickly you can submit the application and complete it together with LIOF.
