What is the goal of the investment?
The goal of the investment is to create research and development projects to experiment and introduce innovative solutions, also through the collaboration with technology transfer centres and research bodies to create new products, processes and services, or improve existing ones, as well as with a view towards sustainability and the digitalisation of the production system.
- Reduce the gaps in standards of living
- Gender equality
The Innovation Agreements instrument, which is based on an existing aid scheme established with the Decree of the Minister of Economic Development of 1 April 2015, integrated with the Decree of the Minister of Economic Development of 24 May 2017, is considered suitable for contributing to the relaunch of private investment in companies' research, development and innovation activities. According to the current procedures, the proposing companies must submit a project proposal to the Ministry of Economic Development with the description of each project, an indication of the related objectives, the start and end dates, the production units involved and the expected costs. After receiving the project proposal, the Ministry of Economic Development begins negotiations with the Regions and Autonomous Provinces and evaluates the strategic validity of the initiative proposal.
Improved production processes
More competitive companies
More efficient and effective products