Step 1: Application Process
Step 2: Voucher Award
The client is awarded the voucher by Enterprise Ireland. The client should then advise the researcher that the voucher has been granted. A voucher has a lifespan of 12 months from the date of issue and must be used in this timeframe.
Step 3: Deposit
The researcher advises the client that a 23% deposit of the voucher's value must be paid before work can commence. This is the amount of VAT payable on the voucher as part of the Enterprise Ireland terms and conditions.
Step 4: Researcher's First Voucher?
Step 5: Scope of Work
The scope of work to be carried out is then agreed between the researcher and the client. Work must be completed and reported to Enterprise Ireland before the end date of the Innovation Voucher.
Step 6: Research Contract
A contract outlining the terms and conditions of the project for both WIT and the client is required. WIT's standard Innovation Voucher Research Contract Agreement is prepared by the researcher, inserting the client's name, address, Innovation Voucher number, end date of the Innovation Voucher, and the workplan.
Step 7: Research Contract Signed
t: 051 845591
RSU, Walton Building, WIT, Cork Road, Waterford for institutional signature. One signed copy is returned to the company and the other is retained in the researcher's department.
Step 8: Request Invoice
ext: 2867) using the Invoice Request Form. The Finance Department sends this invoice to the researcher.
Step 9: File Contract
The researcher sends the original invoice to the client (with 2 copies of the research contract). A copy of the invoice is also kept in the researcher's department.
Step 10: Deposit Paid
Once the client has paid the deposit and Finance confirm receipt of same, work can then commence on the project.
Step 11: Timesheet
Researchers/students working on the project must maintain a timesheet of hours worked on the voucher. This timesheet must be signed by the researcher's/student's Head of Department and is then submitted to the RSU at the end of the process, if the researcher is to be paid.
Step 12: Communications
The researcher should conduct regular communications with the client throughout the duration of the project. The client should be updated on the project's progress, using the most appropriate mechanism, e.g. e-mail, phone, face-to-face meetings.
Step 13: Final Report
Upon completion of the project, the researcher prepares and presents a final report to the client.
Step 14: Client Happy
On completion of the project, the client advises the researcher, in writing, of their satisfaction with the work done. It is essential that this is done before the end date of the Innovation Voucher project.
Step 15: Voucher Handover
The client provides the original voucher to the researcher, for final claim to Enterprise Ireland.
Step 16: Financial Claim Form
ext: 5586) for sign-off.
Step 17: Signed Claim Form
The Finance Department returns the signed claim form to the researcher.
Step 18: Presentation Pack
The researcher prepares a pack for Enterprise Ireland to close out the project. The pack comprises:
Step 19: File Documents
Copies of all documents in relation to the Innovation Voucher should be kept in the researcher's department along with a record of when it was closed to Enterprise Ireland.
Step 20: Confirmation of Closure to Institute IV Programme Contact
ext: 2975 in order to maintain an institutional record of all IV projects.