Gaitek 2014 - New product development project

Integral service around a transaction
BY : Diego GutiérrezJanuary Tue, 2014

Improve the competitiveness of companies by promoting projects that include R&D&I activities to develop new products.

1. Eligible Projects

Feasibility studies prior to industrial research projects.
Industrial research projects.
Feasibility studies prior to experimental development projects and experimental development projects.

2. Deadlines:

Start date: 01/01/2014

End date: 28/02/2014

Resolution period: 6 months from the day following the publication of the corresponding call for applications for aid

3. Beneficiaries

Large, micro, SMEs, business and sectoral associations

4. Requirements

For the company:

To carry out the eligible activities directly.
Ensure own contribution to project costs of at least 25%.
Have their own legal personality and sufficient capacity to act and not be subject to any prohibition or disqualification from obtaining public subsidies or from contracting with the Administration of the Basque Autonomous Community or any other public body.

For Projects:

Development must begin after the application for aid has been submitted and must be carried out within the financial year corresponding to the call for proposals.
Under no circumstances may they provide for practices restrictive of competition, thereby complying with Articles 85 and 86 of the EC Treaty.
They must remain in the ACBC for a minimum period of 5 years.

Cooperation Projects:

No single company should bear more than 70% of the eligible costs of the collaboration project.
The project must involve collaboration with at least one SME or the collaboration must be cross-border, where the research and development activities are carried out in at least two Member States.

5. Exceptions:

Agents of the Basque Science, Technology and Innovation Network, accredited for this purpose.
Public entities and companies with their own legal personality linked to or dependent on public administrations.
Firms in difficulty, within the meaning of the Community guidelines on State aid for rescuing and restructuring firms in difficulty

6. Amount:

The maximum amount of the non-refundable grant shall be EUR 250,000 per beneficiary per year, for both cooperative and individual projects.

The grant to be awarded to each project will be the result of applying the maximum planned aid intensity to the budget of eligible costs accepted for each of the approved projects.
Type of financing: Non-repayable funds

7. Eligible expenditure:

Staff costs
Costs of instruments and equipment, to the extent and for the period used for the research project.
Costs of consultancy and equivalent services exclusively for the research activity purchased from external sources at market prices.
Additional overheads directly arising from the research project

8. Payment:

The grant will be paid in two instalments:

A 70% of the grant shall be made immediately upon notification of the decision to award the grant.
The remaining 30% will be paid on completion of the annual programme and on presentation of supporting documents enabling verification that the activities supported have been carried out and that the objectives pursued have been achieved.

 If your company is thinking of developing a project in the field of R&D&I, please contact us and we will analyse your case without obligation.

ABRA INVEST has a team specialised in public financing with more than 15 years of experience.

Telephone: +34 946424142

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