Madeira Opens Applications for Business Innovation and Research Projects
Madeira GuideMadeira launches SIIDE 2030, a program to boost business innovation and research with €5.1 million in funding, open until April 27.
Madeira has announced the opening of applications for regional businesses seeking to enhance their investment in research and innovation. The initiative is part of the Sistema de Incentivos à Investigação e Desenvolvimento Empresarial (SIIDE 2030), which is open for applications from February 23 until 5 PM on April 27.
The SIIDE 2030 program is a critical component of the Regional Program Madeira 2030 and is co-financed by the European Regional Development Fund (ERDF). With a total funding pool of €5.1 million, 85% of this is provided by European funds, while the remaining 15% is covered by local contributions.
The funding aims to bolster the region's economic landscape by supporting projects that drive innovation and research in various business sectors. This initiative reflects Madeira's commitment to fostering a dynamic and competitive business environment by encouraging local enterprises to engage in research and development activities.
Madeira's strategic location and unique geographical attributes make it an ideal candidate for such initiatives, ensuring that local businesses can compete on a global scale. The program provides a unique opportunity for companies to secure funding that can lead to significant advancements in technology and innovation.
Interested companies must submit their applications through the Instituto de Desenvolvimento Empresarial, the body responsible for managing the application process. This initiative is expected to attract a diverse range of projects that could significantly impact the region's economy and innovation landscape.
Sources
Madeira Guide
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