Canary Islands' Funding Regulation Update for Innovation Projects

Background

The Canary Islands' Department of Universities, Science, Innovation, and Culture has issued a correction to its funding regulations for innovation projects co-financed by the European Union under the 2021-2027 FEDER program.

Details of the Correction

• The adjustment addresses a clerical error in the guidelines for reimbursing project expenses.
• It clarifies that costs other than direct personnel expenses must be justified solely by a relationship detailing the expenses and their amounts.
• Additional documentation is not required for these costs.

Purpose and Impact

"This update ensures greater clarity for companies seeking grants for innovation projects aligned with the region's Smart and Sustainable Specialization Strategy (RIS3)."

• The correction aims to facilitate smoother access to funding.
• It supports local businesses driving innovation.
• This is crucial for the region’s economic and technological development.

Timeline

• The correction was officially published on December 16, 2025.
• It was approved in a resolution dated December 2, 2025.

Significance

• These adjustments underscore the government’s efforts to support innovation through clearer and more accessible funding regulations.