A new type of financing, for private companies, within the Operational Program of Competitiveness: “Innovative Technological Project” has an estimated launch in the next period (I-st Trim. of 2017, according the official calendar).

This type of financing is destined to projects that aim at products or processes innovation, based on exploitation and utilization of technical or scientific knowledge or based on intellectual property rights, with a total allocation of aprox 62 mil euro.

Eligible applicants:

• large enterprises and SMEs, with R&D activity, but not as main activity;
• The R&D component can be implemented individually by the applicant only or in a partnership with one or two research organizations;

Value of grant: up to 15.000.000 lei (aprox 3.3 mil euro);

Financing percentage:

• For companies, variable up to 70% of eligible expenses (depends on the type of activities included in the project, the dimension of the applicant and location if investment);
• The activities performed by the research institutions are financed with up to 100% of the eligible costs;

Types of eligible activities:

• Industrial research;
• Experimental development;
• Innovation services, obtaining and validating of industrial property rights;
• Expenses related to the introduction of the R&D results in production;

For more information please click here.