Italian Government Allocates 500 Million Euros for Green and Digital Technology Development Contracts
On December 30, 2024, the Italian government announced the allocation of 500 million euros to fund “Contratti di sviluppo” (Development Contracts) aimed at supporting technological innovation in green and digital sectors.
Objectives
The Development Contracts are intended to:
- Promote investment in research and development (R&D) of innovative technologies
- Accelerate the adoption of green and digital solutions in industrial processes
- Support the competitiveness of Italian enterprises in global markets
Eligibility
Companies of all sizes and research institutions can apply for funding under the Development Contracts. Projects must focus on the development of innovative technologies in the following areas:
Green Technologies:
- Renewable energy
- Energy efficiency
- Sustainable mobility
- Waste management
Digital Technologies:
- Artificial intelligence
- Cybersecurity
- Blockchain
- Internet of Things (IoT)
Funding
The government will provide funding of up to 80% of eligible project costs. The maximum amount of funding per project is 20 million euros.
Application Process
Companies and research institutions interested in applying for funding can submit their proposals through the Ministry of Economic Development’s online platform. The deadline for submission is expected to be announced in the coming weeks.
Significance
The allocation of 500 million euros for Development Contracts represents a significant investment by the Italian government in supporting technological innovation and sustainability. The funding is expected to help companies develop new products and services that can contribute to reducing environmental impact, improving energy efficiency, and enhancing digital capabilities.
The Development Contracts also align with the government’s broader strategy to strengthen Italy’s industrial base and promote economic growth. By investing in green and digital technologies, Italy aims to become a leader in these sectors and attract investment from both domestic and international companies.
Additional Information
For more information on the Development Contracts and the application process, please visit the website of the Ministry of Economic Development:
Imprese: 500 milioni per Contratti di sviluppo in tecnologie green e digitali
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