Canary Islands Innovation Funding Program

Overview

The Canary Islands government has announced a new funding round aimed at boosting innovation within local industry groups and business clusters, which are critical drivers of regional economic growth.

Budget and Project Scope

• Total budget: €300,000
• The program invites innovative projects from entities such as:
  • Business clusters (AEI)
  • Collaborative ventures

Funding Details

• Grants can fully cover project costs:
  • Up to €30,000 for individual projects
  • Up to €75,000 for cooperative efforts
• Applicants must meet specified eligibility criteria.

Application Process

• Applications open: October 1, 2025
• Applications close: October 31, 2025, or when funds are exhausted
• No guarantees required upfront for beneficiaries
• Process is streamlined through a dedicated online portal.

Broader Context and Goals

This initiative, part of a broader push to foster innovation in the region, especially benefits sectors aligned with EU regulations on state aid.

• Strengthening local innovation hubs
• Supporting the development of cutting-edge projects
• Aligning regionally with broader European innovation strategies

Objective

• Paving the way for a more dynamic, competitive economy in the Canary Islands.