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Sunday 18.11.2018 | Name days: Doloresa, Aleksandrs
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European fund allocated EUR 37 million funding for Competence Centres

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUFunding of more than EUR 37.6 million from European Regional Development Fund is available to Competence Centres to help finance development of new products and technologies.

«Competence centres will be eligible for funding from European Regional Development Fund. This also includes companies with limited liability or associations that combine at least five mutually unrelated businesses or recognized agriculture cooperatives,» says Central Finance and Contracting Agency.

With assistance from European Regional Development Fund, competence centres will coordinate research projects – improve cooperation on a local and international level, as well as networking, exchange of information and knowledge, thereby developing new or improving existing products and technologies in smart areas. Businesses will be able to receive support for industrial research, experimental designs and technical-economic research projects worth more than EUR 250,000 in competence centres, the agency adds.

Support in competence centres will be available to small, medium and large businesses, as well as research and knowledge distribution organizations in the following fields:

-knowledge-intensive bio-economy with innovative solutions in agriculture and food production, biomedicine, medical technologies, bio-pharmacy and biotechnologies;

-smart materials, technologies and engineering systems;

-smart materials, technologies and engineering systems – modern production technologies and engineering systems;

-information and communication technologies – electronics;

-information and communication technologies – ICT technologies and smart energy.

It is expected that by 2023 a total of 123 businesses will have been provided with grants as part of programmes realized by competence centres.

The available funding from European Regional Development Fund from central project selection process is EUR 37,664,892. Central Finance and Contracting Agency will be open for applications from businesses until 22 November 2018.


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