Driving Innovation through Public-Private Partnership Projects: A Guide to Obtaining Funding

Sat 20/01/2024 - 12:15

Driving Innovation through Public-Private Partnership Projects: A Guide to Obtaining Funding

 

At SOCOTEC, we are proud to lead the management of funding for Research, Development and Innovation (R+D+i) projects through public-private partnerships in Spain. This extensive article explores the funding opportunities available to a wide range of actors, from public research bodies to companies and sectoral business associations, and highlights how effective collaboration can boost innovation and employment in the country.

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Public-Private Partnership Projects: A Strategic Boost for Innovation and Research in Spain

Public-private collaboration has evolved as a key driver for technological advancement and innovation in Spain. These projects, which involve different entities such as research organizations, universities, technology centers and companies, not only promote the exchange of knowledge, but also generate a significant impact on the development of new technologies, products and services.

Funding Opportunities & Beneficiaries

Eligible Entities: The range of entities eligible to access funding in these Collaboration Projects is wide and diverse, strengthening interdisciplinarity and contributing to the generation of a critical mass in R+D+i in Spain.

Characteristics of the Projects: The Collaboration Projects must be of experimental development, with a duration of three years and a minimum budget of 400,000 euros. The active participation of at least one company and one or more research organisations is an essential requirement to ensure diversity of perspectives.

Financing Available

Total Aid Budget: The total amount of aid available amounts to 320,000,000 euros, strategically distributed in grants, ERDF repayable advances and loans. This diversification of funds seeks to mobilize private investment, generate employment and improve the country's technological balance through these Projects.

Help Features: The design of the aid reflects a balanced approach for different beneficiaries. For companies and sectoral associations, a loan of up to 95% of the eligible budget is offered, with favourable Euribor interest rates and specific grace and repayment periods. Meanwhile, for research organizations, a 100% subsidy is provided.

Paper torres Quevedo

Downlad the brief of the Aid

Oportunidades de Financiamiento y Beneficiarios

Entidades Elegibles: El abanico de entidades elegibles para acceder a financiamiento en estos Proyectos de Colaboración es amplio y diverso, fortaleciendo la interdisciplinariedad y contribuyendo a la generación de una masa crítica en I+D+i en España.

Características de los Proyectos: Los Proyectos de Colaboración deben ser de desarrollo experimental, con una duración de tres años y un presupuesto mínimo de 400.000 euros. La participación activa de al menos una empresa y uno o varios organismos de investigación es un requisito esencial para asegurar la diversidad de perspectivas.

 

Financiamiento Disponible

Presupuesto Total de Ayudas: La cuantía total de las ayudas disponibles asciende a 320.000.000 euros, distribuidos estratégicamente en subvenciones, anticipos reembolsables FEDER y préstamos. Esta diversificación de fondos busca movilizar inversión privada, generar empleo y mejorar la balanza tecnológica del país mediante estos Proyectos.

Características de la Ayuda: El diseño de la ayuda refleja un enfoque equilibrado para diferentes beneficiarios. Para empresas y asociaciones sectoriales, se ofrece un préstamo de hasta el 95% del presupuesto financiable, con condiciones favorables de interés Euribor y plazos de carencia y devolución específicos. Mientras tanto, para los organismos de investigación, se proporciona una subvención del 100%.

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FINANCING PROJECTS 2024

Strategic Contracts in Public-Private Partnerships

Contratos Estratégicos en la Colaboración Público-Privada

Identification of Strategic Partners: Selecting strategic partners is key to the success of these Projects and Contracts. The inclusion of entities with complementary expertise and diverse perspectives will strengthen the quality and viability of the project.

Collaboration Models: Exploring different Collaboration Models can optimize the efficiency and impact of Projects. Well-structured contracts and clear agreements ensure alignment of objectives among the entities involved.

Te ayudamos con los trámites

Identification of Strategic Partners: Selecting strategic partners is key to the success of these Projects and Contracts. The inclusion of entities with complementary expertise and diverse perspectives will strengthen the quality and viability of the project.

Collaboration Models: Exploring different Collaboration Models can optimize the efficiency and impact of Projects. Well-structured contracts and clear agreements ensure alignment of objectives among the entities involved.

Requirements and Eligible Costs for Companies

Project Requirements:

Effective collaboration between various entities is at the core of these successful projects in Spain. In addition, a minimum budget of €400,000 and a duration of three years are established to ensure a sustained commitment to innovation.

Eligible costs:

The financing covers a variety of aspects, from own personnel costs and acquisition of tangible assets to project management consultancy. The inclusion of mobility costs demonstrates a commitment to mobilizing knowledge and resources.

 

Employment and Innovation: Co-Benefits

Employment Generation:

These Projects not only promote Innovation, but also contribute to the generation of employment in Spain. Public-private collaboration thus becomes a catalyst to strengthen the economy and the business fabric.

Innovation as a Driver of Development:

Innovation not only transforms specific sectors, but also contributes to the overall economic development of the country. Investment in R+D+i improves the competitiveness and international leadership of the Spanish System of Science, Technology and Innovation.

 

Strategies for Obtaining Financing

Design of Innovative Projects:

Innovation is at the heart of these projects. Designing proposals that address significant challenges and present novel solutions will increase competitiveness and the chances of obtaining financing.

Compliance with Financial Requirements:

Ensuring compliance with established financial requirements, such as minimum ownership per entity and minimum percentage of business ownership, is essential for the eligibility and financial viability of the project.

Submission of Effective Application:

Submitting the application is a critical step. Ensuring that the proposal meets all the requirements and providing a solid justification for each element of the budget will increase the chances of success.

Public-private collaboration and strategic contracts are key elements to promote innovation in Spain. At SOCOTEC, we are committed to guiding interested entities in obtaining funding for these R+D+i Projects.

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