CDTI INVESTS MORE THAN 29 MILLION EUROS FOR 71 BUSINESS R & D & I PROJECTS

Approved initiatives will generate 427 jobs, most of them highly qualified

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The Board of Directors of the Center for Industrial Technological Development (CDTI) has approved 71 new R + D + i projects with a total budget amounting to almost 38 million euros. The CDTI will contribute more than 29 million euros, thus promoting business R & D + i.

Of the initiatives approved, 52 are individual R & D projects and 19 belong to the Línea Directa de Innovación.

70 companies participate in the development of these projects, of which 70% are SMEs and, of these, 43% belong to medium and high technology sectors. Of the total of the companies involved, 31, that is to say, 44.3%, receives, for the first time, funding from the CDTI.

The Center for Industrial Technological Development estimates that the sum of these initiatives will involve the generation of 168 direct jobs that will also mobilize 259 indirect jobs. In total, 427 jobs for the whole economy.

Mining of Guarantees.

This Council has applied to four companies the recent measure of guarantee reduction – up to 80% of those requested – thus enabling the development of innovative projects with great potential and impact on the market. This measure is aimed at reducing the financial demands that the CDTI asks of those companies whose financial situation is weak but who have a project that has an excellent technical assessment. Additionally, to access this reduction it will be necessary that the company has the status of an SME and the project has FEDER co-financing.

Projects co-financed with FEDER funds

The CDTI has approved 42 projects co-financed with funds from the new 2014-2020 FEDER round-Pluri-Regional Operational Program for Smart Growth-, with a public contribution (CDTI + FEDER) that exceeds 16 million euros.
The implementation of the Pluri-Regional Operational Program for Smart Growth has allowed the CDTI to increase the non-reimbursable tranche to 20% for all projects that have co-financing from this program, regardless of the size of the beneficiary.

At INBIOTIC ESMEDAGRO we have 10 years of experience presenting CDTI projects with more than 90% success.

IMPROVEMENTS IN THE CDTI INNOVATION LINE

Image result for cdtiIn the council of April 2018 the CDTI has introduced a series of improvements in the Innovation Hotline. On the one hand a non-reimbursable tranche of 2% of the loan is incorporated if it is financed by CDTI, reaching up to 5% (over 75% of the budget) if the project is financed jointly with ERDF. It also increases the percentage of the advance, being able to obtain the company in a general way up to 35% (before 25%) of the loan and a limit of 400,000 € (before 300,000 €).

We remind you that this is an aid subject to the de minimis regime and that it finances 75% of the budget (reaching 85% if it is co-financed with FEDER), with the aim of increasing the competitiveness of companies by incorporating new emerging technologies in the sector. These projects must have an applied nature, very close to the market, with medium / low technological risk and short periods of investment recovery.