ICEX-Invest in Spain announced the ‘Investment Programme of foreign businesses in R&D activities’ to promote the development of new R&D by foreign capital businesses already established, or looking to set up business in Spain. <\/p>\n
The beneficiaries will be firms with foreign capital which have a minimum 10% share in their foreign direct investment (FDI) and carry out activities covered by the aid in one or several of the following Autonomous Regions: Extremadura, the Canary Islands, Castilla la Mancha, Murcia and Galicia.<\/p>\n
Funding is possible for R&D projects aimed at foreign capital firms that have not yet set up business and wish to set up an R&D centre in Spain, and R&D projects aimed at established foreign capital businesses, provided they attract new corporate R&D projects to the branch that is established in Spain. <\/p>\n
The aid per beneficiary may come to an overall maximum of 200,000 Euros during any period of three consecutive fiscal years and will be a percentage of the investment made. <\/p>\n
Applications must be made via ICEX’s virtual office by 26th February 2018. <\/p>\n