European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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Grants for business strategic plans related to R&D

Title of measure
Full title in national language:
Subvenciones dirigidas a planes estratégicos de empresas en materia de I+D
Duration:
2016 to 2018
Policy objectives Plus
4.1. Direct funding to business R&D and innovation
Presentation of the measure:

This measure aims to fund strategic plans related to R&D which will be undertaken by companies for its work centres based in Castilla y León. These plans must be related to the priority sectors defined in the RIS3.
Strategic plans include one or several industrial research projects and / or experimental development. To be considered a strategic plan, R&D plan must demonstrate that it is the axis on which the competitiveness and the growth of the company is sustained in the work centre. It must contain a strategic planning of the company based on innovation. The execution of the Strategic Plan will involve a commitment of collaboration of the beneficiary entity in actions to promote innovation and entrepreneurship in Castilla y León.
Eligible costs are:

  • Personnel expenses;
  • Material and equipment expenses;
  • External collaborations expenses; and
  • Raw materials expenses.

The total budget of the projects included in the Strategic Plan must exceed €2m. The amount granted will cover at maximum a 70% of the eligible costs of the project. Thus at least 30% of the project must be funded with own capital.
In general, the percentage of fund that corresponds to each project included in the Strategic Plan is 25%-40% for experimental projects and 40%-70% for industrial research.

Budget, source and type of funding
Year201620172018
National public funds
Regional public funds €4,500,0000€8,350,000
EU Structural Funds €10,500,0000€8,350,000
Private funds
Other
Total€15,000,0000€16,700,000
Form of funding provided
Grants
Policy learning
To what extent the measure can be considered as a success and worthy of policy learning?:
There has been a positive response by beneficiaries to the measure (e.g. over-subscribed in terms of requested versus available budget) but it is too early to judge results or impact
Evidence of outcomes based on evaluation and other evidence:

Evaluations have not yet been conducted.

What are the most important “Do’s and Don’ts” that regional stakeholders should be aware of when launching a similar measure?:

This measure supports the development of strategic plans related to R&D projects in fields of the priority sectors of the Smart Specialisation Strategy of Castilla y León. Therefore, this support measure will have a positive impact in the regional ecosystem since it promotes the innovation in the strategic sectors.

Would you recommend this measure as an example of regional good practice to policy-makers from other regions ?:
Yes