Innovation Voucher Program (IVP)
Innovation voucher programs (IVP) are a means of increasing the innovation capacity of micro, small and medium-sized enterprises (MSME). Relying on vouchers allows the allocation of subsidies (financial support in the form of a non-repayable grant) in a demand-oriented and non-bureaucratic way, which is both efficient and effective.
Vouchers are used by innovative entrepreneurs to co-finance services of Innovation/Technology Experts required to manage the innovation processes in an optimal way and/or to co-finance the services of research and development (R&D) institutes needed for prototype development, testing of materials and so on.
Innovation-vouchers are granted on a 50% co-finance agreement for services like innovation potential analysis (Voucher – A), in-depth consulting of innovation process (Voucher – B1), project management (Voucher – B2) and prototype development (Voucher – C), Innovation vouchers support the preparation, development and implementation of new products, processes or services, or support the improvement of existing products, processes or services
- Promote the innovative power and the implementation speed of innovations of Micro, Small and Medium scaled enterprises (MSMEs)
- Facilitate easy access to advisory services of Research & Development (R & D) institutes to MSMEs.
- Strengthen interface between R & D institutes and MSMEs.
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