On February 22, 2018, the Board of Directors of the Center for Industrial Technological Development (CDTI), a Public Business Entity (EPE) under the Ministry of Economy, Industry and Competitiveness, approved 56 new R+D+I projects, such projects have a total budget close to 32 million euros, of which the CDTI will contribute 24.22 million euros.
The CDTI, in this way, seeks to promote and stimulate innovation, research and the progress of new technologies. 53 companies participate in the development of these projects, of which, around a 71% are startups (start-up companies). Around 40% of these startups belong to medium and high technology sectors. It should be noted that of the total number of companies involved, 27 of them (51%) receive funding from the CDTI for the first time. Approved projects are divided into individual research and development projects, shared/collaborative research projects or direct line innovation projects. Being the most important individual R&D and the innovation hotline. The initiatives will have a positive impact on unemployment since will create more than 420 jobs, the vast majority of high qualification. According to studies by the Center for Industrial Technological Development, it is estimated that 125 of these new jobs will be employed directly and 296 will have an indirect impact on the economy. Not only will the economy be improved in terms of employment, but some of the projects will help startups from regions in transition. Being part of the Pluri-Regional Operational Program for Smart Growth. Public contribution to this program allows the CDTI offers a non-refundable tranche of 30% to all projects that are co-funded by this program, regardless of the size of the beneficiary. Source: CDTI
