Applications for Productive Innovation, from the Portugal 2020 program, are open since the 25th of June, and will run until the 20th of September. SME companies with investment projects are already eligible to apply. Soft loan refundable up to 75%.
The Incentive System for Productive Innovation aims at promoting business innovation in the following domains:
- In the development of goods and services, to significantly improve current production through transfer of knowledge;
- In the adoption of new or significantly improved business and manufacturing processes, logistics and distribution, as well as organisations methodologies (for non SME only the business and manufacturing processes will be supported).
This Incentive System for Productive Innovation provides a total of 400 million euros in incentives, of which 145 million will be to support companies in low-density territories, which have their own candidacy for Productive Innovation (12/SI/2021).
As for the contest 13/SI/2021, aimed at individual projects in innovative activities across Portugal, for all companies, it aims to encourage companies that intend to:
- Create a new establishment;
- Increase the capacity of an existing establishment;
- Diversify the production of an establishment to products not previously produced in it;
- Change the overall production process of an existing establishment.
This contest (13/SI/2021) covers all NUTS II regions on the mainland (North, Centre, Lisbon, Alentejo and Algarve), outside the low density territories defined by CIC Portugal 2020.
Financing rate
Up to a maximum limit of 75%, the base rates are as follows (with the exception of the incentives to be granted in Algarve, which will be limited to a maximum rate of 60%, and in Lisbon, 40%):
For investments equal to or greater than 15 million euros or promoted by large companies = 15%
For medium companies = 35%
For small companies = 45%
The total support obtained will be distributed as follows:
- 50% of the total amount through non-refundable incentives
- 50% through an interest-free (refundable) bank loan.
Only projects with an investment equal to or greater than 15 million euros and large companies will have their projects supported entirely from a non-refundable incentive (depending only on the achievement of objectives).
Deadline
Regarding the deadline, the application, which opened on June 25, last Friday, will be available until September 20, at 7:00 pm.+351 915 990 790 | +351 289 098 720 |
