Canary Islands' Government Subsidy for Fundación Canaria Universitaria de Las Palmas

The Canary Islands' government has approved a €1.496 million subsidy to the Fundación Canaria Universitaria de Las Palmas to boost training initiatives aimed at integrating talent into local businesses and research centers.

Purpose and Focus

• This funding supports the DIGINNOVA project, which focuses on:
  • Fostering innovation
  • Promoting sustainability
  • Driving digital transformation
• The project aligns with European Union goals for:
  • Social inclusion
  • Employment

Program Details

• The program includes a comprehensive training phase for 244 participants.
• The training consists of:
  • Seven months of theoretical education
  • Four months of unpaid practical internships
• The subsidy covers both training and internship costs.
• A significant portion of the funds is paid upfront to ensure immediate support.

Implications and Outcomes

The move demonstrates the Canary Islands' commitment to leveraging European funds to enhance local innovation capacity and job prospects.

• Emphasis on transparency and accountability through strict reporting and compliance obligations for the beneficiary.
• For residents and expats, this initiative aims to:
  • Create new opportunities in cutting-edge sectors
  • Reinforce the region's strategic focus on sustainable growth and technological advancement