Surrounding funds for innovative investments in companies
Its preference “The financial device for innovation and competitiveness“It will be given “The development and industrial adoption of developing technologies such as artificial intelligence and reinforcement to the national industrial and technical base for protection and security.”
The statement
The government on Wednesday launched a financial device for innovative investments in companies with the initial allocation of 315 million euros through other programs funded by the Recovery and Resource (PRR) plan.
“This device has an initial allocation of 315 million euros, which will be carried out by the Bonco Portugal de Phomento (BPF) and receives funds of other programs that are funded with PRR subsidies, applied for innovative investments in companies,” said the Deputy Minister’s Office and Territorial Coordination today.
BPF predicts that by 2026, as per the ministry, the new policy “It triggers an investment of over 800 million euros in business innovations, by changing the financial aid to the reorganization of the business fabric in a more favorable environment for innovation.”
Its preference “The financial device for innovation and competitiveness“It will be given “The development and industrial adoption of developing technologies such as artificial intelligence and reinforcement to the national industrial and technical base for protection and security.”
“The government has taken a political selection to reverse the business fabric, SMEs and large companies, causing the PRR’s other programs and action funds, savings or difficulties or delay in implementation,” said Manual Castro Almida.
In this way, the minister stressed that the two goals are guaranteed: “Support more innovative investments that increase the competitiveness of Portuguese companies and make sure that by the end of 2026 the European Commission will not have the amount available to Portugal.”
BPF adopts a “Flexible Execution Methodology, Promoting Private Investments and Improve Access to Financing to Companies to Develop Innovative Projects” “”The Ministry of Ministry also stressed.
“This is an economical device managed by the promotional bank and the BPF, and its implementation in terms of rhythms and execution expires,” said Finance Minister Pedro Reese in the same press statement.
The government stressed that this is a new measure “It has a strong relationship with the requirements listed in the Dragi report” And in the strategic framework of the European Commission “Compass for competitiveness”.
“To establish Europe to establish Europe and dramatically reduce its innovation deficit to countries like the United States of America and China, as well as relying on external suppliers, the aim of doubling the climate and digital transitions.”
