The ERDF Innovation Actions Grant Scheme (Innovation) seeks to help Small and Medium-sized Enterprises (SMEs) meet today’s business challenges by stimulating short to medium term projects that result in:
Product or Service Innovation – The development of a new or significantly improved products or services;
Process Innovation – The implementation/adoption of new or significantly improved production or delivery methods.
Organisational Innovation – The implementation of new organisational methods in respect to the workplace organisation and external relations.
Innovative project may be supported through part-financing of Services required for implementing Innovation Management Techniques (IMTs) and investment costs in tangible and intangible assets.