THE RESEARCH AND DEVELOPMENT FACILITY 

The Research and Development Facility (RDF) is targeted to those business enterprises, which need to acquire specialised technology or introduce ideas into the business in order to improve competitiveness and profitability.

Target Group:

Business enterprises in the non-energy manufacturing and services sector, whom wish to pursue research and development (R&D) projects as an integral component of their strategic and/or business plan.

R&D Projects:

Areas of R&D that will be eligible for funding include:

• Improvement to processes

• Product development

• Adaptation of systems and technology

• Innovations in technology management systems and industrial engineering, e.g. product processes, logistics, supply chain, Good Manufacturing Practices (GMPs), etc.

Eligibility for the RDF:

In order to be eligible to access the Research and Development Facility, applicants should meet the following:

• Business must be in existence for a minimum period of two (2) years

• Investment in non-property assets (machinery and equipment, working capital) $50,00 - $5 million

• Business must be locally owned and operated

• Applicants must show evidence of ability to contribute a share of the cost of the project at least 33 1/3 %

Application:

Application forms are available at all Offices of the BDC.  A processing fee of $100.00 is due upon submission of a completed application form.-->> Download form >> click here (zipped)