Canary Islands Government Announces €2.7 Million Innovation Funding Program

The Canary Islands government has announced a new €2.7 million funding program aimed at boosting innovation in public services and infrastructure.

Program Objectives

• Encourage public sector entities to develop projects incorporating innovative goods or services.
• Align projects with the region’s Smart Specialization Strategy.

Eligibility Criteria

• Organizations must be registered and in good standing with tax and social security obligations.
• Demonstrate a commitment to gender equality and social inclusion.

Funding Details

• Beneficiaries could receive up to 100% of project costs.
• Grant amounts range from €500,000 to €2 million.
• Support projects with durations between 12 and 36 months.

Phases and Timeline

• Phases include negotiation, development, and final validation.
• Project activities can start no earlier than January 2025.
• Recipients must submit progress reports every six months.

Strategic Goals

• Modernize public services.
• Foster technological advancement.
• Promote gender equality within regional public agencies.

Funding Source

The grants are co-funded mainly by the European Funds for Regional Development (FEDER).

Regional Impact

This initiative demonstrates a strategic push to make the Canary Islands a leader in innovative public sector solutions, ultimately benefiting both residents and visitors in the region.