Budget Allocation for INDUSTRY 4.0 Project Grants for Madrid Industrial SMEs Increased by 4 Million Euros

At IMPULSO, we are pleased to inform you that last April, a 4 million euro extension was approved for the budget allocation of the 2020 Call for GRANTS TO SUPPORT THE IMPLEMENTATION OF INDUSTRY 4.0 PROJECTS BY MADRID INDUSTRIAL SMEs, issued by the Ministry of Economy, Employment and Finance of the Community of Madrid. These grants are aimed at industrial SMEs to develop Industry 4.0 projects focused on digital transformation in their processes, products, or business models.

These grants are co-financed by the European Regional Development Fund, within the Operational Program of the Community of Madrid, for the period 2014-2020.

Below, we summarize the main characteristics of these grants:

BENEFICIARIES

SMEs in the industrial sector (CNAEs 10 to 32), with a workplace in Madrid. However, actions carried out in the municipalities of the Henares Corridor and the Southern Metropolitan Area of the Community of Madrid will receive a higher grant intensity.

Only one application per company will be accepted.

PROJECT TYPES

• Implementation of innovative business solutions using technologies linked to:
  • Open/linked/big data.
  • Data analytics.
• Future Internet.
• Collaborative platforms.
• Implementation of innovative communication and data processing solutions:
  • Connectivity.
  • Mobility.
  • Cloud computing.
• Implementation of innovative solutions in manufacturing processes using technologies such as:
  • Augmented reality.
  • Collaborative robotics.
  • Additive manufacturing.
  • Sensors and embedded systems.
  • Process control.
• Implementation of ICT applications and solutions in the industrial company’s value chain.
• Cybersecurity and digital trust.
• Social networks as vehicles for potential business development.

PROJECT REQUIREMENTS

• Projects will be eligible for subsidy if the sum of eligible expenses related to tangible and/or intangible investments is equal to or greater than €40,000 and the sum of eligible expenses related to consulting is equal to or less than €40,000.
• Execution period: from the application date until September 15 of the year in which the aid is requested (invoices and payments within that period).
• Subcontracting: up to 80% of the activity may be subcontracted.

ELIGIBLE CONCEPTS

• Tangible Investments: Acquisition, renovation, or extension of facilities, machinery, and equipment. The acquisition of land and expenses for buildings are excluded.
• Intangible Investments: Acquisition, renovation, or extension of intangible investments, such as patents, licenses, technical knowledge, or other property rights.
• Costs of consulting services provided by external consultants. Routine tax, legal, or advertising advisory services are not considered.
• Investments acquired through financial leasing are not eligible for subsidy.

TYPE AND INTENSITY OF AID

Non-repayable grant, with a maximum of €200,000 for medium-sized companies and €300,000 for small companies. The grant intensity will be:

• Henares Corridor and Southern Metropolitan Area: 20% for medium-sized companies and 30% for small companies for tangible and intangible investments, and 50% for consulting expenses.
• Rest of the Community of Madrid: 10% for medium-sized companies and 20% for small companies for tangible and intangible investments, and 50% for consulting expenses.

SUBMISSION DEADLINE

Simple concurrence: Direct approval of applications in order of submission (with complete documentation, including rectifications) from 01/01/2020 until funds are exhausted.

05/05/2020