Jump to navigation
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:
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”.
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.
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.