German aid scheme for technological project innovation
The European Commission has approved a German aid scheme for the development of project innovation by the Technology Foundation Innovation Centre Berlin. The scheme combines public funds from the Berlin Senate Administration for Economic Affairs and Technology, as well as funds from the Investment Bank Berlin (IBB), which are given to the Technology Foundation. The Foundation will support the research and development activities of Berlin companies, persons or institutions (public and private) in the following technology clusters: - Environmental technology, biotechnology; - Communications and information technology; - Measurement, control, operating and production technology; - Energy technology; - Medicine technology; - Laser technology and optics; - Traffic technology; - New materials; - Technology services. A total budget of DM 30 million will be available to the Technology Foundation. The aid will be given in the form of: - Grants; - Cheap loans; - Participation in the capital; - Guarantees. The maximum aid intensity will be 25% for applied research and development, and 50% for basic industrial research. An SME bonus of 10% will be granted and a regional bonus for East Berlin of 10% (maximum of cumulated bonuses: 15%). The Foundation's own funds (including the proceeds of the Foundation's capital) will be spent on different measures to benefit companies or people carrying out research on innovative technologies. This will contribute to the restructuring of the Berlin economy (especially East Berlin).
Countries
Germany