The EU invests €4.3 billion of Regional Policy funds to boost innovation and competitiveness
4. 5. 2015 | Source: Enterprise Europe Network ČR
The European Commission adopted the 2014-2020 Operational Programme for “Enterprise and Innovations for Competitiveness” in the Czech Republic. Its budget amounts to almost €8 billion with €4.3 billion coming from the European Regional Development Fund (ERDF).
The funding will be used nationwide to foster a knowledge-based economy that will increase economic growth and productivity. Strengthening research activities in enterprises and connecting them with university networks will be a priority for investments. Encouraging entrepreneurship, supporting SME competitiveness and energy efficiency – all with the aim of creating jobs and growth in the Czech regions – are also the objectives of the programme.
Some of the expected results of the OP include:
- Support to more than 1,970 enterprises through grants
- Create 12,000 new jobs in SMEs
- Mobilise 600 new applications for the protection of intellectual property rights
- Annual decrease in greenhouse gas emissions of 300,000 tons CO2
- An increase in the use of innovative low carbon technologies.