Innovation of newly established SMEs

Opening date of the competition: 09.05.2016.
Deadline for applications: 31.12.2016.
Amounts of funds €: 3.035.827

Applicants: Small and medium-sized enterprises
Tender documentation: Download file

Subject: awarding grants for the development of innovations that will result in a product that is a novelty in the company's offer and/or a novelty in the market. This includes process innovation as long as the process contributes to product development. Projects that do not aim at the actual development of the product are excluded. Products can be tangible and intangible (incl. services).

Purpose: Encouraging investments necessary for the application (commercialisation) of R&D&I results (arrived by SMEs themselves, in cooperation with others or through knowledge and technology transfer) in business activities and the start-up of production based on applied solutions.

Objective: the development of assisted start-ups and the successful transfer of innovative start-up ideas into market-driven business ventures and the creation of new innovatively oriented companies with growth and export potential, with a focus on the commercialisation of products and services.

The call is intended for legal or natural persons who are:
– non-listed SMEs belonging to micro, small or medium-sized enterprises according to the definition set out in Annex I. Definition of small and medium-sized enterprises of Regulation 651/2014
– have been set up not more than 36 months before the date of submission of the project application, have not distributed profits and have not been set up through a merger.

Support under this Call shall be reserved exclusively for start-ups and shall not extend to existing enterprises that will be closed and reopened.

Eligible activities are:

1. Adapting the developed product/service to market requirements – (carried out on its own or under contract for a service on commercial terms) and representing the completion of an innovation (product/service) almost ready for a market containing key functionalities (Minimum Sustainable Product – MFA), for which the initial market interest has already been expressed and/or has first customers, including incremental innovations on existing products/services to create new versions for new markets. It may include the following:
– adapting and completing innovation (product/service) to market requirements, including testing and incorporating test results into the final product/service and optimisation;
– transfer of market-applicable technological solutions, know-how (know-how transfer) including related advisory services and employee training, c. Review of the Feasibility Study;
– demonstration and evaluation of innovation in the operational environment;
– product design,
– the protection and management of the intellectual property concerned, including applications for the recognition of rights and the conduct of proceedings for the recognition of intellectual property rights and the development of a strategic plan for the protection and management of intellectual property.

2. The commercialisation of R&D results (preparation of product/service launches) may include the following:
– market research and testing for innovation;
– verification of market analysis and/or market needs;
– testing the product with potential customers;
– verification of the business model/plan;
– Preparing production and investing in pilot production, zero series;
– the marketing plan and the revision of the business and marketing plan;
– peer-to-peer marketing activities directly related to the commercialisation of research results and the launch of products/services on the market;
– preparing for the next investment cycle and attracting additional funding.

3. Additional activities related to Action 1 and/or 2 eligible for the entire duration of the project may include:
– engagement of external highly qualified and other professional staff;
– investments in instruments and equipment;
– investments in operations made directly and exclusively as a result of the project (such as salaries of applicant staff directly involved in project activities, operating costs, etc.).

4. Activities relating to contractual obligations (additional activities under this item may not exceed 5% value of the aid):
– a project audit in accordance with Chapter 7.5 of the Instructions (if applicable);
– promotion and visibility in accordance with Chapter 7.6 of the Instruction.

Activities listed under points 3 and 4 shall only be eligible provided that they are directly linked to the project and activities listed under points 1 and 2.

Total grants are 22,800,000,00 HRK for the period up to 31 December 2016. The minimum grant amount that can be awarded to an individual entrepreneur under this Call is HRK 150 000.00, while the maximum grant amount that can be awarded to an individual entrepreneur is HRK 1 500 000.00.

Applications for the competition will be accepted from 10 June 2016 to 31 December 2016, i.e. until the funds are used up.

If you are interested in applying for the competition, please contact us at: ivan.kermeci@porin.hr or on 051/634-333.

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