Project Description

AAB – Accelerate Azores Brand

Recovery and Resilience Plan

The AAB – Accelerate Azores Brand Grant aims to support investment projects in the Azores region to hold face-to-face events, online platforms or hybrid events (face-to-face and online) aimed at adapting and integrating companies’ digital technologies. The aim is to promote networking, support the digitalisation of companies, accelerate business in the region and increase the competitiveness of companies in the Azores.

Download the Infosheet

Support Status

Open

Financing

Max. 25.000 €
Up to 70% Lost Fund

Territory

Azores

Eligible Entities

Incubators
Associations

AAB – Accelerate Azores Brand

Recovery and Resilience Plan

The AAB – Accelerate Azores Brand Grant aims to support investment projects in the Azores region to hold face-to-face events, online platforms or hybrid events (face-to-face and online) aimed at adapting and integrating companies’ digital technologies. The aim is to promote networking, support the digitalisation of companies, accelerate business in the region and increase the competitiveness of companies in the Azores.

Download the Infosheet

Support Status

Open

Financing

Max. 25.000 €
Up to 70% Lost Fund

Territory

Azores

Eligible Entities

Incubators
Associations

Incentive Conditions

  • Under this CAA, investment projects can be supported for the organisation of face-to-face events, online platforms or hybrid events (face-to-face and online), which aim to adapt and integrate companies’ digital technologies and which:
    • a) Promote networking and the exchange of knowledge between Azorean companies and suppliers of technological solutions, tools and innovative methodologies.
    • b) Facilitate access by Azorean companies to new technologies and market trends, enabling them to speed up business processes and gain a competitive edge.
    • c) Encourage the adoption of good practices and efficient processes in the regional business fabric, helping to increase productivity and the quality of the products and services offered.

  • The investment projects to be supported under this Notice must be developed in the territory of the Autonomous Region of the Azores.

  • For private entities, the rates are defined according to the size of the company, namely:
    • 50 per cent for large companies;
    • 60% for medium-sized companies;
    • 70% for micro and small companies.
  • For public entities, a single rate of 100 per cent is applied

  • The maximum support per application varies according to the event and its duration, and is limited as follows:
    • a) For exclusively online events up to €5,000.00;
    • b) For face-to-face events, including hybrid events lasting one day, up to €15,000.00;
    • c) For face-to-face events, including hybrid events lasting 2 or more days, up to €25,000.00.
  • Minimum investment
    • 2.500,00 €.

  • Eligible entities are incubators belonging to the Azores Business Incubator Network (RIEA) and their respective managing bodies, and business associations or other associations relevant to the area covered by the project.

  • Directly related to the execution of the event:
    • a) Hire of premises for the event;
    • b) Furniture hire;
    • c) Construction or assembly of structures associated with the event, including accessibility;
    • d) Hiring audiovisual services;
    • e) Hiring catering services;
    • f) Hiring speakers and moderators;
    • g) Fees with event organisers.
    • h) Hiring other services directly associated with the organisation of events.
  • Promotion of the event
    • a) Communication campaigns;
    • b) Presence in the media;
    • c) Production of material and content promoting the event.
  • Other eligible expenses
    • a) Drafting, preparing and monitoring the application, up to a limit of €750.00;
    • b) Submission of payment request(s), up to a limit of €750.00.

  • a) The beneficiary’s normal operating costs, not provided for in the contracted investment, as well as maintenance and replacement costs, and costs related to periodic or continuous activities;
  • b) Cash payments;
  • c) Expenses paid under contracts made through intermediaries or consultants, where the amount to be paid is expressed as a percentage of the amount financed by the RRP or of the operation’s eligible expenses;
  • d) Acquisition of goods in a state of use;
  • e) Value Added Tax (VAT), whether or not recoverable by the beneficiary;
  • f) Purchase of motor vehicles, aircraft and other transport equipment;
  • g) Interest and financial charges;
  • h) Working capital;
  • i) Purchase of real estate, including land;
  • j) Leases and rights to use premises;
  • k) Current advertising.

Incentive Conditions

Under this CAA, investment projects can be supported for the organisation of face-to-face events, online platforms or hybrid events (face-to-face and online), which aim to adapt and integrate companies’ digital technologies and which:
a) Promote networking and the exchange of knowledge between Azorean companies and suppliers of technological solutions, tools and innovative methodologies.
b) Facilitate access by Azorean companies to new technologies and market trends, enabling them to speed up business processes and gain a competitive edge.
c) Encourage the adoption of good practices and efficient processes in the regional business fabric, helping to increase productivity and the quality of the products and services offered.

The investment projects to be supported under this Notice must be developed in the territory of the Autonomous Region of the Azores.

For private entities, the rates are defined according to the size of the company, namely:
50 per cent for large companies;
60% for medium-sized companies;
70% for micro and small companies.
For public entities, a single rate of 100 per cent is applied

The maximum support per application varies according to the event and its duration, and is limited as follows:
a) For exclusively online events up to €5,000.00;
b) For face-to-face events, including hybrid events lasting one day, up to €15,000.00;
c) For face-to-face events, including hybrid events lasting 2 or more days, up to €25,000.00.
Minimum investment
2.500,00 €.

Eligible entities are incubators belonging to the Azores Business Incubator Network (RIEA) and their respective managing bodies, and business associations or other associations relevant to the area covered by the project.

Directly related to the execution of the event:
a) Hire of premises for the event;
b) Furniture hire;
c) Construction or assembly of structures associated with the event, including accessibility;
d) Hiring audiovisual services;
e) Hiring catering services;
f) Hiring speakers and moderators;
g) Fees with event organisers.
h) Hiring other services directly associated with the organisation of events.
Promotion of the event
a) Communication campaigns;
b) Presence in the media;
c) Production of material and content promoting the event.
Other eligible expenses
a) Drafting, preparing and monitoring the application, up to a limit of €750.00;
b) Submission of payment request(s), up to a limit of €750.00.

a) The beneficiary’s normal operating costs, not provided for in the contracted investment, as well as maintenance and replacement costs, and costs related to periodic or continuous activities;
b) Cash payments;
c) Expenses paid under contracts made through intermediaries or consultants, where the amount to be paid is expressed as a percentage of the amount financed by the RRP or of the operation’s eligible expenses;
d) Acquisition of goods in a state of use;
e) Value Added Tax (VAT), whether or not recoverable by the beneficiary;
f) Purchase of motor vehicles, aircraft and other transport equipment;
g) Interest and financial charges;
h) Working capital;
i) Purchase of real estate, including land;
j) Leases and rights to use premises;
k) Current advertising.

Other Grants

Translation of Literary Works

Know More

EI: Empresarial Innovate

Know More

Young Investor

Know More

Other Grants

Translation of Literary Works

Know More

EI: Empresarial Innovate

Know More

Young Investor

Know More