THE CDTI INVESTS MORE THAN 56 MILLION EUROS FOR BUSINESS R & D & I PROJECTS

The approved initiatives will employ almost 900 workers, most of them highly qualified.

Image result for employ people spain

The Board of Directors of the Center for Industrial Technological Development (CDTI), a body under the Ministry of Economy and Competitiveness, has approved 103 new R + D + i projects with a total budget amounting to 75.5 million euros. The CDTI will contribute 56.8 million euros, thus promoting business R & D + i.

102 companies participate in the development of these projects, of which 60% are SMEs and, of these, 41% belong to medium and high technology sectors. Of all the companies involved, 36, that is, 35%, receive, for the first time, CDTI financing.
The Center for Industrial Technological Development estimates that the sum of these initiatives will employ 359 workers directly and up to 540 workers indirectly. In total, 899 employees in the economy as a whole.

Projects co-financed with FEDER funds

In this Council, the CDTI has approved 61 projects co-financed with funds from the new 2014-2020 ERDF-PluriRegional Operational Program for Smart Growth-, whose public contribution (CDTI + FEDER) amounts to 31.5 million euros. Of these projects, 49 correspond to “Most developed regions”, 10 to “Regions in transition”, and, finally, 2 to “Less developed regions”, according to the definition of ERDF.

The implementation of the Pluri-Regional Operational Program for Smart Growth has allowed the CDTI to increase the non-reimbursable tranche to 20% for all projects that have co-financing from this program, regardless of the size of the beneficiary.