2024-02-20 00:19:15
Fund of Funds launched market consultations for two new instruments with a total budget of over 86 million euros. The market consultation will be held until March 8. The meetings will discuss opportunities and factors related to risk financing, structure of financial instruments, amount of resources, territorial distribution, achieved results, method of income distribution.
Strategies and raising potential investments, indicative terms of financing, expected parameters, including the need to raise private capital, price conditions, size, maturity, etc. will also be discussed.
The two new instruments are the “Enterprise Innovation Fund” and the “Technology Transfer Fund”
The first has a total budget of 32.17 million euros and finances the “Competitiveness and Innovations in Enterprises” program. Through it, support will be provided for the creation of companies based on innovation and developing products and services with high added value, building a sustainable ecosystem with high innovation potential, improving access to knowledge, technology and innovation in less developed regions and accelerating the transition to a knowledge economy.
The second fund has a budget of EUR 56.6 million and is financed under the program “Research, innovation and digitization for intelligent transformation”. It will be implemented in combination with a grant.
It will promote the development of potential in the priority areas of the Innovation Strategy for Smart Specialization 2021-2027 and connect science and business. The resource will target companies, high-tech start-ups and knowledge-based enterprises as part of industrial start-up systems. The goal is to transform scientific developments into marketable products and technologies, commercialization and intellectual property management. The process of deployment and acceleration of start-up companies around developed industries and clusters will also be stimulated.
Those wishing to join the meetings can reserve an appointment in advance HERE.
More information about the “Enterprise Innovations Fund” can be found HERE, and about the “Technology Transfer Fund” HERE. Email can be used for questions [email protected].