Madeira 2030 – Innovation

Madeira 2030

With maximum funding of 750,000 euros, the Incentive System for Production Innovation in the Autonomous Region of Madeira – Innovation 2030, aims to promote the regional economy and strengthen its external competitiveness by improving companies’ production capacities. Projects that aim to increase business investment in the development of innovative and sustainable solutions, R&D and an increase in qualified employment are eligible.

Programme Status

Open

Financing

Up to 45% Lost Fund

Territory

NUTS II Autonomous Region of Madeira.

Eligible Entities

SMEs and non-SMEs

Madeira 2030 – Innovation

Madeira 2030

With maximum funding of 750,000 euros, the Incentive System for Production Innovation in the Autonomous Region of Madeira – Innovation 2030, aims to promote the regional economy and strengthen its external competitiveness by improving companies’ production capacities. Projects that aim to increase business investment in the development of innovative and sustainable solutions, R&D and an increase in qualified employment are eligible.

Programme Status

Open

Financing

Up to 45% Lost Fund

Territory

NUTS II Autonomous Region of Madeira.

Eligible Entities

SMEs and non-SMEs

Incentive Conditions

  • Operations of an innovative nature that result in the production of tradable and/or exportable goods and services, with high added value and a significant level of national incorporation, are eligible for funding, namely:
    • The creation of a new establishment.
    • The increase of the capacity of an existing establishment.
    • The diversification of the production of an establishment into products not previously produced there.
    • The fundamental change of the overall production process of an existing establishment.

  • NUTS II Autonomous Region of Madeira.

  • Micro, small, medium-sized enterprises (SMEs) and large enterprises (non-SMEs).

  • The incentive granted is calculated by applying a base rate of 25% to eligible expenses, which may be increased by the following surcharges:
    • a) 10% for operations submitted by SMEs;
    • b) 5% for operations aimed at creating qualified jobs;
    • c) 5% for operations located in the municipalities of Porto Moniz, São Vicente, Santana, and Porto Santo.
  • The incentive granted per operation may not exceed the maximum aid intensity rates, expressed in gross grant equivalent (GGE), in accordance with the regional aid map approved by the European Commission in force, for expenses subject to regional state aid rules.

  • Operations eligible for support must present a minimum total eligible expenditure of €50,000.
  • The incentive granted under this scheme takes the form of a non-repayable grant, up to €500,000, except for tourism sector operations, for which the limit is €750,000.

  • Under this Call, the following costs are eligible, provided they are directly related to the development of the operation:
    • a) Tangible assets, including the purchase of machinery and equipment, costs directly attributable to placing them in the location and conditions necessary for them to function, as well as the acquisition of IT equipment, including the software required for their operation;
    • b) Intangible assets, including the transfer of technology through the acquisition of patent rights, national and international licenses, technical knowledge not protected by patents, and standard or specifically developed software for a given purpose;
    • c) Other investment expenses, including costs with certified accountants or statutory auditors in validating payment requests; studies, diagnostics, audits; studies or reports within the scope of alignment with the “Do No Significant Harm” principle; marketing plans; architectural and engineering projects and services.
  • For tourism sector operations, in duly justified cases within the scope of their activity, rolling stock that constitutes the core of the tourism activity to be developed may be eligible, provided it is directly related to that activity and not powered by fossil fuels.
  • Operations may also include the construction of buildings, renovation works, and other constructions.
  • Specific Rules or Limits to Expense Eligibility
    • 1. “Other investment expenses,” referred to in item c) above, may not exceed 20% of the operation’s total eligible expenses.
    • 2. Costs related to certified accountants or statutory auditors in validating payment requests, included in item c) above, may not exceed €5,000.
    • 3. Costs of studies or reports within the scope of alignment with the “Do No Significant Harm” principle may not exceed €5,000.
    • 4. Costs related to the construction of buildings, renovation works, and other constructions may not exceed the following limits:
      • Operations located in business parks and Business Reception Areas, and operations located in the municipalities of São Vicente, Santana, Porto Moniz, and Porto Santo: 60% of the operation’s total eligible expenses;
      • Operations in the tourism sector: 40% of the operation’s total eligible expenses;
      • Operations in other sectors: 30% of the operation’s total eligible expenses.

Incentive Conditions

Operations of an innovative nature that result in the production of tradable and/or exportable goods and services, with high added value and a significant level of national incorporation, are eligible for funding, namely:
The creation of a new establishment.
The increase of the capacity of an existing establishment.
The diversification of the production of an establishment into products not previously produced there.
The fundamental change of the overall production process of an existing establishment.

NUTS II Autonomous Region of Madeira.

Micro, small, medium-sized enterprises (SMEs) and large enterprises (non-SMEs).

The incentive granted is calculated by applying a base rate of 25% to eligible expenses, which may be increased by the following surcharges:
a) 10% for operations submitted by SMEs;
b) 5% for operations aimed at creating qualified jobs;
c) 5% for operations located in the municipalities of Porto Moniz, São Vicente, Santana, and Porto Santo.
The incentive granted per operation may not exceed the maximum aid intensity rates, expressed in gross grant equivalent (GGE), in accordance with the regional aid map approved by the European Commission in force, for expenses subject to regional state aid rules.

Operations eligible for support must present a minimum total eligible expenditure of €50,000.
The incentive granted under this scheme takes the form of a non-repayable grant, up to €500,000, except for tourism sector operations, for which the limit is €750,000.

Under this Call, the following costs are eligible, provided they are directly related to the development of the operation:
a) Tangible assets, including the purchase of machinery and equipment, costs directly attributable to placing them in the location and conditions necessary for them to function, as well as the acquisition of IT equipment, including the software required for their operation;
b) Intangible assets, including the transfer of technology through the acquisition of patent rights, national and international licenses, technical knowledge not protected by patents, and standard or specifically developed software for a given purpose;
c) Other investment expenses, including costs with certified accountants or statutory auditors in validating payment requests; studies, diagnostics, audits; studies or reports within the scope of alignment with the “Do No Significant Harm” principle; marketing plans; architectural and engineering projects and services.
For tourism sector operations, in duly justified cases within the scope of their activity, rolling stock that constitutes the core of the tourism activity to be developed may be eligible, provided it is directly related to that activity and not powered by fossil fuels.
Operations may also include the construction of buildings, renovation works, and other constructions.
Specific Rules or Limits to Expense Eligibility
1. “Other investment expenses,” referred to in item c) above, may not exceed 20% of the operation’s total eligible expenses.
2. Costs related to certified accountants or statutory auditors in validating payment requests, included in item c) above, may not exceed €5,000.
3. Costs of studies or reports within the scope of alignment with the “Do No Significant Harm” principle may not exceed €5,000.
4. Costs related to the construction of buildings, renovation works, and other constructions may not exceed the following limits:
Operations located in business parks and Business Reception Areas, and operations located in the municipalities of São Vicente, Santana, Porto Moniz, and Porto Santo: 60% of the operation’s total eligible expenses;
Operations in the tourism sector: 40% of the operation’s total eligible expenses;
Operations in other sectors: 30% of the operation’s total eligible expenses.

Other Grants

Local Economic Base

Grant for the Digital Transition of Bookshops

Structuring Businesses

Other Grants

Local Economic Base

Grant for the Digital Transition of Bookshops

Structuring Businesses