Incubadoras de Base Tecnológica - Algarve2030

The grant aims to support institutions and organizations in the Algarve region to boost the growth of technologically-based enterprises. This initiative focuses on accelerating the establishment and expansion of businesses, particularly those engaged in technological innovations. Key areas impacted include tourism, health and wellness, local resources, environmental sustainability, and digital technologies.

Type of Project

• Construction and equipping of technology incubators
• Reconversion of existing spaces into technology-friendly environments
• Promotion and coordination activities for tech-based incubators

Eligibility Criteria

• Institutions of higher education and their research labs
• Public or private non-profit organizations involved in technological transfer and demonstration activities
• Managers of science and technology parks and technology-based incubators
• Public entities such as municipalities operating through specific protocols or agreements

Eligible Expenses

• Costs related to constructing or adapting physical infrastructure
• Expenses for acquiring execution projects and supervision services directly linked to construction endeavors
• Acquisition of essential equipment and communication systems for technological development

Examples of Eligible Projects to be developed

• Transforming an unused municipal building into a tech startup incubator
• Creating co-working spaces equipped with high-speed internet and state-of-the-art communication tools
• Establishing a central hub to facilitate networking and technology transfer among startups

Financial Information

• Total budget for the grant: 1,000,000€
• Co-financing percentage: Up to 60%