European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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INNOVA

Title of measure
Full title in national language:
INNOVA
Duration:
2012 to 2022
Policy objectives Plus
2.1. R&D cooperation projects between academy and industry
4.1. Direct funding to business R&D and innovation
Presentation of the measure:

The objective of the measure is to foster innovation by supporting industrial research and experimental development projects that lead to new products, processes and/or services. In a global and increasingly demanding market where continuous innovation is necessary to prevail; INNOVA is oriented at motivating industrial research and innovation within companies.
The innovation activities covered should be in the following sectors:

  • Industrial sector;
  • Support services to industry;
  • Prioritised sectors in the region’s RIS3; and
  • Innovative activities.

The maximum budget granted per beneficiary is €1m and SMEs and large companies are committed to maintain the investment and the activity three and five years respectively. To achieve these goals, it is important to have high-quality external guidance, and therefore priority is given to collaboration with universities or entities registered in the “Register of Technological Centres and Centres for the Support of Technological Innovation”.

Budget, source and type of funding
Year2014201520162017201820212022
National public funds
Regional public funds€2.6m€1.5m€1.5m€1.5m€1.5m500,0001,500,000
EU Structural funds€2.6m€1.5m€1.5m€1.5m€1.5m500,0001,500,000
Private funds
Other
Total€5.2m€3.0m€3.0m€3.0m€3.0m1,000,0003,000,000
Form of funding provided
Grants
Policy learning
To what extent the measure can be considered as a success and worthy of policy learning?:
The measure has achieved its intended targets in terms of results (e.g. number of enterprises investing in innovative projects, people trained)
Evidence of outcomes based on evaluation and other evidence:

More than 200 projects have been supported since 2014 and more than €100m of private investment has been mobilised as a consequence of the measures under the plan, which means a return of more than seven times the public investment made.
 

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

This measure is in force since 2014 and it has evolved and has taken into consideration the priorities defined in the RIS3 strategy of the region (iCan 2020). Therefore in addition to the industrial innovation activities granted, special focus is given to the activities linked with the RIS3 priorities. It facilitates the resource alignment with the specialisation strategy of the region and thus, improves the efficiency of the resources.

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