“Research – Innovate”: 565 companies submitted 427 funding proposals to the Intervention on “Research and Development by Businesses”
The Ministry of Development announces that the submission of funding applications for research projects has been completed within the framework of Intervention I “Research and Development by Businesses” of the Action of Strategic Importance “Research – Innovate of the Program “Competitiveness“, which is co-financed by the European Regional Development Fund of the EU. in the context of ESPA 2021-2027.
Four hundred and twenty-seven (427) proposals were submitted with a Public Expenditure of 178,562,156.35 euros and a Budget of 237,367,328.14 euros. The evaluation process will begin in the near future.
Details of proposals submitted by priority area are provided.
| PRIORITY AREA | Number of submissions proposals | Requested Public Expenditure |
| 1. Materials – Construction and Industry | 36 | 14,894,023.01 |
| 2. Tourism – Culture – Creative Industries | 41 | 13,981,655.02 |
| 3. Agrifood Chain | 83 | 38,399,261.68 |
| 4. Environment – Circular Economy | 41 | 19,386,207.64 |
| 5. Life Sciences – Health and Medicines | 43 | 17,377,389.56 |
| 6. Transport – Supply Chain | 19 | 7,756,863.07 |
| 7. Sustainable Energy | 23 | 10,966,645.85 |
| 8. Digital Technologies | 141 | 55,800,110.52 |
| Total | 427 | 178,562,156.35 |
Especially the one hundred and eighty three (183) Funding Applications concern collaborative projects by business groups. The remaining two hundred and forty-four (244) Funding Applications were submitted by individual small and medium businesses. In total five hundred and sixty five (565) different businesses
submitted their participation.The main objective of Intervention I “Research and Development by Businesses” is the creation of new positions of research and scientific/technical personnel by supporting research, promoting innovation and strengthening business networking.
The submissions of proposals to the “Research-Innovate” Action are carried out in sections and after the completion of the submission of proposals to the Intervention submissions to the remaining interventions continue, according to the announced schedule.
The Action “Research-Innovate” has a total budget of 300 million euros and aims to strengthen research, through the interconnection between businesses or businesses and research bodies, in order to bring out innovative products that will help the extroversion of businesses and strengthen the competitiveness of the Greek economy.