Topic of the practice
Innovation fund for SMEs
Good Practice Information
The main objective of this measure is transformation of substantial part of innovation and talent into an economic activity. It is directly orientated at improving the productivity and competitiveness of small and medium firms through qualified external guidance. It also includes other types of actions that have direct influence on the competitiveness of firms (e.g. introduction of new products).
This funding measure could be transferred to any region which has developed a network of external agents and with a pool of innovative SMEs as potential beneficiaries.
Evidence of success
It is a new measure included in a programme launched in 2012, evolving from previous measures managed. It only covers external expenses and not personnel costs, so the impact of the measure has to be quantified in these terms. As it fosters collaboration with external agents the impact of the measure can be seen in both the beneficiaries and the collaborators.
Contact details to obtain further information on the practice
Tecnalia Research and Innovation