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22.09.2017 09:16

Grants for New PTS Companies

Andalusia's regional government has launched an updated programme of business development grants to promote industrialisation and the growth of technology sites like the Granada Health Science Technological Park (PTS) through the establishment of new business projects.


Launch of the new grant scheme at the BIC Granada Business Centre in the PTS.

The launch of the new grants was headed by Granada's government delegate, Sandra García, at an event hosted by the BIC Granada Business Centre in the PTS and attended by representatives from almost a hundred businesses from throughout the province. Also present at the launch were the provincial delegate of Andalusia's Regional Ministry of Finance and Employment, Juan José Martín Arcos, and the director general of the Andalusian Innovation and Development Agency (IDEA), Antonio González. 

Sandra García spoke about the key features of the new grants, which have been assigned a total budget of more than 240 million euros: 230 million from the ERDF and 12.5 million from the Andalusian government's own funds for large business projects. She went on to describe a series of important updates to the grant scheme, such as its new potential beneficiaries, as consortiums and large companies are also now eligible in addition to SMEs and the self-employed. The requirements and paperwork have also been simplified, the scope of eligible projects widened to include industrial spin-offs, advanced services and digital transformation projects, and factors such as gender equality are also now taken into account.

There will be two grant schemes, and the mandates for both were published in the Official Gazette of the Government of Andalusia on 8 June. 229 million euros will be paid out between 2017 and 2020, and the grants will be managed by the IDEA agency. The first set of grants is to support industrial development, improved competitiveness, digital transformation and job creation. The second aims to promote industrial research, experimental development and business innovation.

The aim of the first grant scheme is to strengthen the industrial sector, encourage the establishment and growth of job-creating companies, and promote innovation in the fields of smart specialisation and the use of advanced services for business management, promotion and cooperation.

The second scheme focuses on industrial research, experimental development and business innovation, and aims to promote business R&D&I through three different programmes: the Business R&D&I Support Programme, International R&D&I Support Programme, and Strategic Open Innovation Leadership Programme.