Single Action of State Support for Research, Technological Development & Innovation: RESEARCH – CREATE – INNOVATE
The main objective of the unified action: RESEARCH-CREATE-INNOVATE is the connection of research and innovation with entrepreneurship and strengthening the competitiveness, productivity and extroversion of businesses towards international markets, with the aim of transitioning to quality innovative entrepreneurship and increasing domestic added value.
The aim of this action is to channel directly and effectively the resources available for the promotion of research activities and the implementation of innovations in enterprises, especially small and medium-sized enterprises, through a series of interventions.
Beneficiaries of the Action – RESEARCH-CREATE-INNOVATE
(a) Research organizations and other entities treated as research organizations, and
b) Businesses and other entities treated as enterprises. Businesses must be legally established and operate either as legal entities, regardless of their type (e.g. SA, LTD, OE, IKE, Joint Ventures) or as sole proprietorships.
Specifically, for each of the three interventions:
I. Research and Development by Small and Medium-sized Enterprises
The intervention is addressed to existing SMEs regardless of the date of establishment. Potential beneficiaries are either a Small and Medium-sized Enterprise (SME) or Groups of Small and Medium-sized Enterprises (SMEs), independent of each other.
This intervention concerns partnerships established businesses, regardless of size and date of establishment, with research organizations, with businesses as the main recipients.
III. Utilization of Research Results
Potential beneficiaries are existing individual enterprises regardless of size and date of establishment.
Budget
The Public Expenditure budget of the Single Action of State Aid for Research, Technological Development & Innovation: RESEARCH-CREATE-INNOVATE amounts to €280,000,000 (Public Expenditure) and will be implemented through three (3) cycles.
The budget (Public Expenditure) of the interventions of the first cycle amounts to € 126,000,000.
Important dates
The starting date for the electronic submission of Funding Applications to the State Aid Information System is set for Cycle A on Thursday, March 23, 2017 at 15.00 with a deadline of Wednesday, May 17, 2017 at 16:00.
The duration of the implementation of the submitted project proposals must not exceed thirty-six (36) months.
It is noted that the starting date of the project implementation time is the date of issue of the Decision for the Inclusion of the projects.