PID Call: Which sectors received the most funding from CDTI in 2017?

Of the total of 1,408 projects approved by the Center for Technological and Industrial Development (CDTI) in the funding and cooperation line (PID)”Research and development projects“, The Biotechnology, Health Technology and Agrifood Sector has accumulated the most funding in 2017. During 2017, CDTI financed a total of 1,408 projects, among which, most of the percentage of beneficiary companies have been companies in the Biotechnology, Health Technology and Agrifood sector (28%). It is closely followed by companies in the Industrial Technology and Information Society sector (25%), as well as those in the Energy, Manufacturing and Transportation Technologies sector (24%) and those in the Chemical, Environmental and Materials Technologies sector (23%).What is the CDTI PID funding line?This is a annual call, which is open all year round and which is a partially refundable loan with very advantageous conditions: with a 1-year Euribor fixed interest rate, return of 7 to 10 years, including a grace period between 2 and 3 years, non-refundable tranche of 30% of the aid. CDTI anticipates 35% of the aid with a limit of 250,000 euros, without requiring additional guarantees.R&D projects are considered to be those aimed at the creation and/or substantial improvement of a production procedure, product or service, comprising both industrial research and experimental development activities. As for the sector or technology, there are no restrictions. PID funding line, finances personnel costs; instrument and material costs; contractual research costs, technical knowledge and acquired patents, consulting and equivalent services; general expenses for supplements and other expenses derived from the project. It also finances the expense derived from the auditor's report.The help of CDTI PID, has a non-refundable tranche that is calculated on a loan of up to 85% of the total budget approved by the Board of Directors.CDTI proposes the call for PID as an incentive aid, modifying the behavior of companies in terms of the degree of innovation and the resources available to carry it out. CDTI aid should allow companies to carry out, in a much less limited way, research and development activities, providing greater resources and facilities.What are the requirements of the CDTI PID call?· The requesting company must finance at least 15% of the project budget submitted with its own resources.· In addition, the minimum eligible budget is 175,000 euros.· The submitted project must last 12 to 36 months for individual projects and 12 to 48 months for the rest of the categories* of projects. · Companies in crisis, nor those companies that are subject to an economic recovery order pending after a previous decision of the EC (European Commission) that has declared aid illegal and incompatible with the common market.What types of R&D projects does the CDTI PID line finance?CDTI funds 5 different types of R&D projects, which are organized into:1 · Individual R&D projects: when they are projects submitted by a single company.2 · National Cooperation R&D Projects: when they are projects submitted by a consortium of a minimum of 2 and a maximum of 6 fully autonomous companies. In order to submit a project in cooperation mode, the companies involved will be required to formalize an economic interest group (IEA) or through the formalization of a private collaboration agreement that serves as a guide for the consortium.3 · International Technological Cooperation R&D Projects: when they are projects presented by Spanish companies that in turn participate in international technological cooperation programs managed by the same CDTI; Multilateral programs such as EUREKA, IBEROEKA, and PRIMA; Bilateral programs established by CDTI with some Institutions and Funding Agencies from other countries; International project programs with certification and unilateral monitoring by CDTI.4 · European Technological Cooperation Projects: when they are projects related to the technological empowerment of Spanish companies when it comes to participating in European initiatives and projects such as; Important Projects of Common European Interest (PIICE); Joint Technology Initiatives (JTI) Projects and Projects derived from Eranet's calls.5 · International Technological Training R&D Projects: when they are projects related to strengthening the technological capacity of Spanish companies to participate in tenders for projects and programs managed by international organizations in which CDTI plays a leading role of Spanish representation or programs with which CDTI has collaboration agreements. Some examples of these international programs are: CERN, ESO, ESS, FAIR, ITER or XFEL.Do you want to know if your project is eligible for the CDTI PID line?Contact our aid expert. At Intelectium we have extensive experience in applying for and obtaining PID grants. We can study your project and assess its fit for the call. Contact us through the following Form.Source: CDTI