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EI Funding

Enterprise Ireland announces Round 3 of their Online Retail Grant

We are awaiting confirmation of the next round of funding, due to be announced in the first half of 2021.

EI has started that the parameters of the scheme are expected to remain similar to previous schemes with some restrictions on retailers who have already been approved funding in earlier schemes.

This fund will enable successful Irish-owned retailers to enhance their digital capability and to develop a more competitive online offer that will enable an increase in their customer base and build a more resilient business in the domestic and global marketplace, both online and offline.

Successful applicants will be awarded funding to support a maximum of 80% of the project eligible costs with a maximum grant of €40,000. As with previous rounds, we expect this to be a competitive funding call.

Magico has a 100% success rate in supported the applications of 14 retailers to date from Round 1 and Round 2 of the Online Retail Scheme funding call and each has received funding of 35-40K.

This is an excellent opportunity to develop your digital capacity bring your business online or take your existing site to the next level and transform your business.

Costs covered under the grant include:

  • Salary costs of a senior project champion (manager level or above) in the applicant company to work with abcommerce Fees of abcommerce  to develop a digital strategy
  • Fees of abcommerce to further develop/enhance the company’s transactional website or online presence. The grant must be used to introduce additional functionality
  • In-house training for eMarketing, catalogue management, e-commerce systems, SEO, etc.. provided by abcommerce  to enable a company to develop and maintain a robust online retail operation

For existing abcommerce clients, you may be approached by 3rd parties to do an application for you. It’s important that you contact us first as we have a structured approach for working with 3rd parties to ensure that they work with your technology correctly – and we can then fit them into this structure as part of your application. This way you get the best out of their skillset.

Applications for funding are invited through a call for submission of projects.

We are awaiting confirmation of the next round of funding, due to be announced in the first half of 2021

For more info on the grant and eligible activities click here »

If you are thinking of further developing your online capabilities and bringing your online store to the next level or considering a migration to the abcommerce platform we can tailor make a solution for you and assist you in compiling your grant application.

Get in touch with the Business Development Team

MAGICO & AB COMMERCE ARE hiring FIND OUT MORE >

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