Project Description
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.
Support Status
Closed
Financing
Up to 750.000€
Territory
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.
Support Status
Closed
Financing
Up to 750.000€
Territory
Madeira
Eligible Entities
SMEs and non-SMEs
Incentive Conditions
- The Incentive System for Productive Innovation of the Autonomous Region of Madeira – Innovation 2030 aims to promote a shift in the specialization profile of the regional economy and strengthen its external competitiveness by improving companies productive capacities, increasing business investment in the development of innovative and sustainable solutions, especially based on R&D results and the increase of qualified employment.
- Autonomous Region of Madeira
- The incentive granted is calculated by applying a base rate of 25% to the eligible expenses, which can be increased by the following increments:
- a) 10% for operations presented by SMEs;
- b) 5% for operations aimed at creating qualified employment;
- c) 5% for operations located in the municipalities of Porto Moniz, São Vicente, Santana, and Porto Santo.
- The incentive awarded per operation cannot exceed the maximum intensity rates, expressed in gross grant equivalent (GGE), according to the regional aid map approved by the European Commission in force for expenses subject to regional aid.
- The incentive granted under this system takes the form of a non-repayable grant, with a limit of €500,000, except for tourism sector operations, which have a limit of €750,000.
- The following expenses are considered eligible, provided they are directly related to the development of the operation:
- Tangible assets, including the acquisition of machinery and equipment, costs directly attributable to placing them at the location and conditions necessary for them to be able to operate, as well as the acquisition of computer equipment, including the necessary software;
- Intangible assets, including technology transfer through the acquisition of patent rights, national and international licenses, technical knowledge not protected by patent, and standard or specifically developed software;
- Other investment expenses, including expenses for certified accountants or official auditors to validate the expense payment requests; studies, diagnostics, audits;
- Studies or reports on aligning the operation with the “Do No Significant Harm” principle; marketing plans; architecture and engineering projects and services.
- The expenses mentioned in item c) of the previous number cannot exceed 20% of the total eligible expenses of the operation.
- For tourism sector operations, in duly justified cases within the scope of their respective tourism activity, circulating material constituting the tourism activity to be developed, provided it is directly related to the exercise of that activity and not powered by fossil fuels, may be eligible.
- Operations may also include building construction, remodeling works, and other constructions.
- The costs of building construction, remodeling works, and other constructions cannot exceed the following limits:
- Operations inserted in business parks, business reception areas, and operations located in the municipalities of São Vicente, Santana, Porto Moniz, and Porto Santo: 60% of the total eligible expenses of the operation;
- Operations in the tourism sector: 40% of the total eligible expenses of the operation;
- Operations in other sectors: 30% of the total eligible expenses of the operation.
- The costs for certified accountants or official auditors to validate the expense payment requests mentioned in item c) of number 1 cannot exceed €5,000.
- The costs for conducting studies or reports on aligning the operation with the “Do No Significant Harm” principle, as defined in Article 9 of this regulation, mentioned in item c) of number 1, cannot exceed €5,000.
- The expenses provided for in this regulation are only eligible if they cumulatively meet the following conditions:
- They are exclusively used in the beneficiary’s establishment where the operation is carried out;
- They are acquired under market conditions from suppliers with a suitable corporate purpose and capacity for the effect, and in the case of costs referred to in items b) and c) of number 1, they are acquired from third parties unrelated to the acquirer;
- For the expenses listed in items a) and b) of number 1, they are depreciable and included in the beneficiary company’s assets and remain associated with the operation for at least five years from the operation’s completion date in the case of non-SMEs and for at least three years in the case of SMEs, under the terms of number 5, Article 14 of Commission Regulation (EU) No. 651/2004 of June 16, in its current version;
- In the case of non-SMEs, the costs of intangible assets are only eligible up to 50% of the total eligible investment costs for the initial investment;
- They are not acquired from companies based in countries, territories, and regions with privileged tax regimes.
- The expenses for tangible and intangible assets correspond to an initial investment, and these are only eligible, and the project is only eligible if they are related to:
- The creation of a new establishment;
- The increase in the capacity of an existing establishment, where this increase must correspond to at least 20% of the installed capacity compared to the pre-operation year;
- The diversification of an establishment’s production to products not previously produced in the establishment, in which case the eligible costs must exceed at least 200% of the book value of the reused assets;
- The fundamental change of the overall production process of an existing establishment, where the eligible costs must exceed the depreciation and amortization of the assets associated with the activity to be modernized during the previous three fiscal years.
- Non-eligible expenses include:
- Recoverable value-added tax (VAT), even if it has not been or will not be effectively recovered by the beneficiary;
- Normal operating costs of the beneficiary and maintenance and replacement investments, as well as costs related to periodic or ongoing activities such as current advertising, routine tax consultancy expenses, and legal and administrative services;
- Costs related to export activities, namely those directly associated with export quantities, the creation or operation of distribution networks abroad, or other current costs linked to export activity;
- Costs related to direct investment abroad;
- Purchase of real estate, including land;
- Transfers and rights to use spaces;
- Acquisition of motor vehicles, aircraft, and other transport or aviation material, except for expenses provided for in tourism sector operations and provided they are not powered by fossil fuels;
- Acquisition of used or second-hand goods;
- Interest during the investment period;
- Working capital;
- Company work for itself;
- Cash payments made by beneficiaries to their suppliers, except in situations where this is the most frequent means of payment due to the nature of the expenses and provided that it is a unit amount less than €250;
- Bank charges for loans and guarantees;
- Expenses paid under contracts made through intermediaries or consultants where the amount payable is expressed as a percentage of the co-financed amount or the operation’s eligible expenses;
- Expenses not supported by an electronic invoice or fiscally equivalent document;
- Additional contracts that unjustifiably increase the project execution cost;
- Fines, penalties, financial sanctions, interest, and exchange rate expenses;
- Expenses with legal proceedings;
- Any legal transactions entered into, under any title, with holders of social body positions, except those arising from an employment contract entered into before the beneficiary’s application submission;
- Investment costs corresponding to lodging units operated under a periodic right of habitation regime, of a real or obligatory nature;
- Training actions;
- Expenses paid directly by partners or other elements belonging to or not to the beneficiary entity;
- Equipment acquired to be subsequently rented.
- Expenses declared by the beneficiary, considered inappropriate considering their reasonableness concerning market conditions, and resulting from acquisitions from third parties unrelated to the acquirer, are not eligible.
- The criteria to be adopted in the analysis of the eligibility of these expenses and their specific application conditions may be defined through technical guidance.
- Micro, small, medium-sized enterprises (SMEs), and large enterprises (non-SMEs) of any nature and under any legal form, with organized accounting.
Incentive Conditions
The Incentive System for Productive Innovation of the Autonomous Region of Madeira – Innovation 2030 aims to promote a shift in the specialization profile of the regional economy and strengthen its external competitiveness by improving companies productive capacities, increasing business investment in the development of innovative and sustainable solutions, especially based on R&D results and the increase of qualified employment.
Autonomous Region of Madeira
The incentive granted is calculated by applying a base rate of 25% to the eligible expenses, which can be increased by the following increments:
a) 10% for operations presented by SMEs;
b) 5% for operations aimed at creating qualified employment;
c) 5% for operations located in the municipalities of Porto Moniz, São Vicente, Santana, and Porto Santo.
The incentive awarded per operation cannot exceed the maximum intensity rates, expressed in gross grant equivalent (GGE), according to the regional aid map approved by the European Commission in force for expenses subject to regional aid.
The incentive granted under this system takes the form of a non-repayable grant, with a limit of €500,000, except for tourism sector operations, which have a limit of €750,000.
The following expenses are considered eligible, provided they are directly related to the development of the operation:
Tangible assets, including the acquisition of machinery and equipment, costs directly attributable to placing them at the location and conditions necessary for them to be able to operate, as well as the acquisition of computer equipment, including the necessary software;
Intangible assets, including technology transfer through the acquisition of patent rights, national and international licenses, technical knowledge not protected by patent, and standard or specifically developed software;
Other investment expenses, including expenses for certified accountants or official auditors to validate the expense payment requests; studies, diagnostics, audits;
Studies or reports on aligning the operation with the “Do No Significant Harm” principle; marketing plans; architecture and engineering projects and services.
The expenses mentioned in item c) of the previous number cannot exceed 20% of the total eligible expenses of the operation.
For tourism sector operations, in duly justified cases within the scope of their respective tourism activity, circulating material constituting the tourism activity to be developed, provided it is directly related to the exercise of that activity and not powered by fossil fuels, may be eligible.
Operations may also include building construction, remodeling works, and other constructions.
The costs of building construction, remodeling works, and other constructions cannot exceed the following limits:
Operations inserted in business parks, business reception areas, and operations located in the municipalities of São Vicente, Santana, Porto Moniz, and Porto Santo: 60% of the total eligible expenses of the operation;
Operations in the tourism sector: 40% of the total eligible expenses of the operation;
Operations in other sectors: 30% of the total eligible expenses of the operation.
The costs for certified accountants or official auditors to validate the expense payment requests mentioned in item c) of number 1 cannot exceed €5,000.
The costs for conducting studies or reports on aligning the operation with the “Do No Significant Harm” principle, as defined in Article 9 of this regulation, mentioned in item c) of number 1, cannot exceed €5,000.
The expenses provided for in this regulation are only eligible if they cumulatively meet the following conditions:
They are exclusively used in the beneficiary’s establishment where the operation is carried out;
They are acquired under market conditions from suppliers with a suitable corporate purpose and capacity for the effect, and in the case of costs referred to in items b) and c) of number 1, they are acquired from third parties unrelated to the acquirer;
For the expenses listed in items a) and b) of number 1, they are depreciable and included in the beneficiary company’s assets and remain associated with the operation for at least five years from the operation’s completion date in the case of non-SMEs and for at least three years in the case of SMEs, under the terms of number 5, Article 14 of Commission Regulation (EU) No. 651/2004 of June 16, in its current version;
In the case of non-SMEs, the costs of intangible assets are only eligible up to 50% of the total eligible investment costs for the initial investment;
They are not acquired from companies based in countries, territories, and regions with privileged tax regimes.
The expenses for tangible and intangible assets correspond to an initial investment, and these are only eligible, and the project is only eligible if they are related to:
The creation of a new establishment;
The increase in the capacity of an existing establishment, where this increase must correspond to at least 20% of the installed capacity compared to the pre-operation year;
The diversification of an establishment’s production to products not previously produced in the establishment, in which case the eligible costs must exceed at least 200% of the book value of the reused assets;
The fundamental change of the overall production process of an existing establishment, where the eligible costs must exceed the depreciation and amortization of the assets associated with the activity to be modernized during the previous three fiscal years.
Non-eligible expenses include:
Recoverable value-added tax (VAT), even if it has not been or will not be effectively recovered by the beneficiary;
Normal operating costs of the beneficiary and maintenance and replacement investments, as well as costs related to periodic or ongoing activities such as current advertising, routine tax consultancy expenses, and legal and administrative services;
Costs related to export activities, namely those directly associated with export quantities, the creation or operation of distribution networks abroad, or other current costs linked to export activity;
Costs related to direct investment abroad;
Purchase of real estate, including land;
Transfers and rights to use spaces;
Acquisition of motor vehicles, aircraft, and other transport or aviation material, except for expenses provided for in tourism sector operations and provided they are not powered by fossil fuels;
Acquisition of used or second-hand goods;
Interest during the investment period;
Working capital;
Company work for itself;
Cash payments made by beneficiaries to their suppliers, except in situations where this is the most frequent means of payment due to the nature of the expenses and provided that it is a unit amount less than €250;
Bank charges for loans and guarantees;
Expenses paid under contracts made through intermediaries or consultants where the amount payable is expressed as a percentage of the co-financed amount or the operation’s eligible expenses;
Expenses not supported by an electronic invoice or fiscally equivalent document;
Additional contracts that unjustifiably increase the project execution cost;
Fines, penalties, financial sanctions, interest, and exchange rate expenses;
Expenses with legal proceedings;
Any legal transactions entered into, under any title, with holders of social body positions, except those arising from an employment contract entered into before the beneficiary’s application submission;
Investment costs corresponding to lodging units operated under a periodic right of habitation regime, of a real or obligatory nature;
Training actions;
Expenses paid directly by partners or other elements belonging to or not to the beneficiary entity;
Equipment acquired to be subsequently rented.
Expenses declared by the beneficiary, considered inappropriate considering their reasonableness concerning market conditions, and resulting from acquisitions from third parties unrelated to the acquirer, are not eligible.
The criteria to be adopted in the analysis of the eligibility of these expenses and their specific application conditions may be defined through technical guidance.
Micro, small, medium-sized enterprises (SMEs), and large enterprises (non-SMEs) of any nature and under any legal form, with organized accounting.
