Balearic Islands Grants Aid to Research Clusters to Boost Innovation

The programme fosters business networks in R&D&I to strengthen competitiveness in the Balearic Islands

What does it consist of?

The Balearic economy is being reinforced with a grants aimed at research clusters, to promote joint innovation and cooperation projects. This action seeks to improve the competitiveness of key industries by supporting R&D&I initiatives throughout the archipelago.

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Data

PROJECT TITLE IN THE CALL
Extension of the competitive application period for the creation and joint funding of R&D&I projects by knowledge clusters in the Balearic Islands
LOCATION
Mallorca, Minorca, Ibiza, Formentera
Entity submitting the PROJECT
Govern de les Illes Balears
Entity that executes the project
Conselleria de Transició Energètica i Sectors Productius
Project code
ITS2019-136
Total project amount
400.000 €
ITS granted amount
400.000 €
Executed amount
288.588 €
Call year
2019
Budget implementation status
Executed
Purpose
Research (R+D+I)
Budget execution
Executed: 72.15%
Last updated
25.09.2023

The project

Research clusters bring together companies, research centres and public bodies to create synergies around innovation and technological development. In fragmented regions such as the Balearic Islands, where the economy depends largely on the service sector, these collaborative ecosystems are considered strategic tools for diversifying the production model.

The initiative, led by the Council of Energy Transition and Productive Sectors, is carrying on a previous scheme from 2018 to grant subsidies to innovative business clusters. These grants are designed to facilitate their participation in national and international R&D&I projects, as well as to foster the creation of new clusters that are yet to be structured.

The project selection process includes double evaluation: an external evaluation, based on scientific and technical criteria, and an internal evaluation, focused on the potential impact on economic development in the Balearic Islands. This methodology makes it possible to assess both the quality of the proposals and their suitability for production on the island.

The implementation of these projects can take up to three years. The defence phase is subject to regular controls to ensure the correct use of the funds and that the results align with the objectives set.